Fintel reports that on December 15, 2023, Lake Street initiated coverage of Olo Inc - (NYSE:OLO) with a Buy recommendation.
Analyst Price Forecast Suggests 41.42% Upside
As of November 27, 2023, the average one-year price target for Olo Inc - is 8.29. The forecasts range from a low of 7.07 to a high of $9.45. The average price target represents an increase of 41.42% from its latest reported closing price of 5.86.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Olo Inc - is 217MM, an increase of 0.82%. The projected annual non-GAAP EPS is 0.08.
What is the Fund Sentiment?
There are 390 funds or institutions reporting positions in Olo Inc -. This is an increase of 34 owner(s) or 9.55% in the last quarter. Average portfolio weight of all funds dedicated to OLO is 0.53%, a decrease of 8.32%. Total shares owned by institutions decreased in the last three months by 1.26% to 167,265K shares. 
The put/call ratio of OLO is 0.13, indicating a bullish outlook.
What are Other Shareholders Doing?
Raine Capital holds 32,220K shares representing 19.63% ownership of the company. No change in the last quarter.
Brown Capital Management holds 16,184K shares representing 9.86% ownership of the company. In it's prior filing, the firm reported owning 16,228K shares, representing a decrease of 0.27%. The firm increased its portfolio allocation in OLO by 1.08% over the last quarter.
Kayne Anderson Rudnick Investment Management holds 11,471K shares representing 6.99% ownership of the company. In it's prior filing, the firm reported owning 11,831K shares, representing a decrease of 3.14%. The firm decreased its portfolio allocation in OLO by 36.04% over the last quarter.
BCSIX - The Brown Capital Management Small Company Fund Investor Shares holds 9,677K shares representing 5.89% ownership of the company. No change in the last quarter.
PSGAX - Virtus KAR Small-Cap Growth Fund holds 8,265K shares representing 5.03% ownership of the company. In it's prior filing, the firm reported owning 8,408K shares, representing a decrease of 1.73%. The firm decreased its portfolio allocation in OLO by 5.19% over the last quarter.
Olo Background Information
(This description is provided by the company.)
Olo powers digital ordering and delivery programs that connect restaurant brands to the on-demand world, placing orders directly into the restaurant through all order origination points – from a brand’s own website or app, third party marketplaces, social media platforms, smart speakers, and home assistants. Olo serves as the on-demand ordering and delivery platform for over 400 brands, such as Applebee’s (DIN), Checkers & Rally’s, Cheesecake Factory (CAKE), Chili’s (EAT), Dairy Queen, Denny’s (DENN), Five Guys Burgers & Fries, Jamba Juice (JMBA), Noodles & Company (NDLS), Portillo’s Hot Dogs, Shake Shack (SHAK), sweetgreen, Wingstop (WING), and more. SKIP THE LINE®
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