Y Intercept Hong Kong Ltd acquired a new position in shares of Olo Inc. (NYSE:OLO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 127,197 shares of the company's stock, valued at approximately $631,000. Y Intercept Hong Kong Ltd owned approximately 0.08% of OLO at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Federated Hermes Inc. raised its holdings in OLO by 644,200.0% in the second quarter. Federated Hermes Inc. now owns 6,443 shares of the company's stock worth $28,000 after buying an additional 6,442 shares during the last quarter. Wallace Advisory Group LLC purchased a new position in OLO in the second quarter worth about $57,000. Point72 DIFC Ltd raised its holdings in OLO by 52.7% in the second quarter. Point72 DIFC Ltd now owns 14,388 shares of the company's stock worth $64,000 after buying an additional 4,964 shares during the last quarter. SPC Financial Inc. purchased a new position in OLO in the third quarter worth about $65,000. Finally, Point72 Asset Management L.P. purchased a new position in OLO in the third quarter worth about $74,000. Institutional investors own 93.40% of the company's stock.
OLO opened at $7.71 on Friday. The firm has a 50 day moving average price of $6.06 and a 200-day moving average price of $5.25. Olo Inc. has a twelve month low of $4.20 and a twelve month high of $7.89. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -77.10 and a beta of 1.46.
Separately, StockNews.com cut shares of OLO from a "buy" rating to a "hold" rating in a report on Tuesday, December 10th.
Get Our Latest Stock Analysis on OLO
Olo Inc operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.
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