<div id="readability-page-1"><p>Acadian Asset Management LLC lessened its position in  Olo Inc. (NYSE:OLO - Free Report) by 67.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor  owned 186,895 shares of the company's stock after selling 384,161 shares during the period. Acadian Asset Management LLC owned approximately 0.11% of OLO worth $1,125,000 at the end of the most recent reporting period.</p><p>Other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of  OLO by 3.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,482 shares of the company's stock valued at $457,000 after acquiring an additional 1,740 shares during the last quarter.  Ameriprise Financial Inc. grew its holdings in shares of  OLO by 2.0% in the 4th quarter. Ameriprise Financial Inc. now owns 672,841 shares of the company's stock valued at $5,167,000 after buying an additional 13,387 shares during the period.  ProShare Advisors LLC boosted its stake in  OLO by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 29,504 shares of the company's stock worth $227,000 after purchasing an additional 9,709 shares during the period.  UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in  OLO by 20.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,173 shares of the company's stock worth $1,269,000 after purchasing an additional 27,496 shares during the period.  Finally, Principal Financial Group Inc. boosted its stake in  OLO by 104.3% in the 1st quarter. Principal Financial Group Inc. now owns 199,874 shares of the company's stock worth $1,207,000 after purchasing an additional 102,063 shares during the period. Institutional investors and hedge funds own  93.40% of the company's stock. </p><h2>OLO Stock Performance</h2><p>NYSE OLO opened at $10.26 on Thursday. The company has a market capitalization of $1.74 billion, a PE ratio of 146.57 and a beta of 1.58. The business's 50-day moving average price is $10.24 and its 200 day moving average price is $8.49. Olo Inc. has a twelve month low of $4.56 and a twelve month high of $10.55. </p><p>OLO (NYSE:OLO - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). OLO had a negative net margin of 0.28% and a positive return on equity of 2.13%. The business had revenue of $85.72 million during the quarter, compared to analysts' expectations of $82.23 million. During the same period in the prior year, the company posted $0.05 EPS. The company's revenue for the quarter was up 21.6% on a year-over-year basis.  Equities analysts predict that  Olo Inc. will post -0.03 EPS for the current year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>OLO has been the topic of several research analyst reports. Lake Street Capital cut shares of OLO from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Thursday, July 3rd. Truist Financial lowered shares of OLO from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday, July 8th. Wall Street Zen lowered shares of OLO from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, July 5th. Royal Bank Of Canada  reiterated a &#34;sector perform&#34; rating and set a $10.25 price target on shares of OLO in a research report on Monday, July 7th. Finally, Piper Sandler raised their target price on shares of OLO from $8.00 to $10.25 and gave the company a &#34;neutral&#34; rating in a research report on Monday, July 7th. Four research analysts have rated the stock with a Hold rating,  According to data from MarketBeat, the company presently has a consensus rating of &#34;Hold&#34; and a consensus target price of $10.17.</p><p><b>Check Out Our Latest Analysis on OLO</b></p><h2>Insiders Place Their Bets</h2><p>In other news, CEO Noah H. Glass sold 11,735 shares of OLO stock in a transaction on Friday, September 5th. The stock was sold at an average price of $10.25, for a total value of $120,283.75. Following the completion of the sale, the chief executive officer directly owned 266,467 shares of the company's stock, valued at approximately $2,731,286.75. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this hyperlink. Also, insider Sherri Manning sold 5,608 shares of OLO stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $10.25, for a total value of $57,482.00. Following the completion of the sale, the insider directly owned 292,318 shares in the company, valued at approximately $2,996,259.50. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,623 shares of company stock worth $1,041,336 over the last quarter. Corporate insiders own  38.41% of the company's stock. </p><h2>OLO Company Profile</h2> (Free Report)<p>Olo, Inc engages in the provision of a cloud-based, on-demand commerce platform for multi-location restaurant brands. It enables digital ordering and delivery. The company was founded by Noah H. Glass on June 1, 2005 and is headquartered in New York, NY. </p><h2>Read More</h2><ul><li>Five stocks we like better than OLO</li><li>Basic Materials Stocks Investing</li><li>Biotech Breakouts: 3 Stocks With Massive Upside Potential</li><li>Stock Market Upgrades: What Are They?</li><li>Powering Up: A Buy Rating Signals GE Vernova's AI Tailwinds</li><li>3 Ways To Invest In Coffee, Other Than Drinking It</li><li>The Side of Rate Cuts Nobody Is Telling You About</li></ul><p><strong>Want to see what other hedge funds are holding OLO?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Olo Inc. (NYSE:OLO - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9MTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9MTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in OLO Right Now?</h2><p>Before you consider OLO, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OLO wasn't on the list.</p><p>While OLO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Acadian Asset Management LLC reduced its stake in Olo Inc. (NYSE:OLO) by 67.3% in Q1, now holding 186,895 shares after selling 384,161. Other investors like MIRAE ASSET and Ameriprise Financial also adjusted their positions. Olo's stock opened at $10.26, with a market cap of $1.74 billion. The company reported a Q2 EPS of $0.07, missing estimates, but revenue increased by 21.6% year-over-year. Analysts have mixed ratings, with a consensus "Hold" and a target price of $10.17. CEO Noah H. Glass sold 11,735 shares recently, reducing his stake by 4.22%.</p>

Olo Inc. $OLO Stock Holdings Trimmed by Acadian Asset Management LLC