3,441 Shares in Olo Inc. (NYSE:OLO) Purchased by Tandem Financial LLC

Tandem Financial LLC purchased a new position in shares of Olo Inc. (NYSE:OLO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,441 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position in shares of OLO by 6.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 42,023 shares of the company’s stock worth $186,000 after purchasing an additional 2,433 shares during the last quarter. MQS Management LLC raised its position in shares of OLO by 15.9% during the 3rd quarter. MQS Management LLC now owns 28,363 shares of the company’s stock worth $141,000 after purchasing an additional 3,898 shares during the last quarter. Creative Planning raised its position in shares of OLO by 15.1% during the 3rd quarter. Creative Planning now owns 30,371 shares of the company’s stock worth $151,000 after purchasing an additional 3,974 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of OLO by 16.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 54,312 shares of the company’s stock worth $269,000 after purchasing an additional 7,688 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in OLO by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 49,771 shares of the company’s stock valued at $382,000 after acquiring an additional 7,979 shares during the last quarter. Institutional investors and hedge funds own 93.40% of the company’s stock.

OLO Trading Down 2.1 %

OLO stock opened at $7.28 on Friday. Olo Inc. has a 12 month low of $4.20 and a 12 month high of $8.35. The firm has a 50-day moving average of $7.57 and a two-hundred day moving average of $6.09.

Wall Street Analyst Weigh In

A number of research firms have commented on OLO. StockNews.com downgraded shares of OLO from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of OLO in a report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their price objective on shares of OLO from $8.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, January 3rd.

About OLO

Olo, Inc engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded in 2005 and is headquartered in New York, NY.