Olo Inc. (OLO)
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Levi & Korsinsky, LLP Notifies Shareholders of Olo Inc. (OLO) on Upcoming Claims Deadline in a Class Action Settlement
NEW YORK, NY / ACCESSWIRE / June 20, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Olo Inc. (NYSE: OLO). The settlement provides for a fund of $9,000,000 to benefit class members.
Time Sensitive - Reminder from Levi & Korsinsky, LLP to File Claim for Share of Olo Inc. (OLO) Settlement Fund Before Deadline
NEW YORK, NY / ACCESSWIRE / June 18, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Olo Inc. (NYSE: OLO). The settlement provides for a fund of $9,000,000 to benefit class members.
Deadline Approaching for Receiving Share of Olo Inc. (OLO) Recovery - Contact Levi & Korsinsky, LLP for Further Details
NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Olo Inc. (NYSE: OLO). The settlement provides for a fund of $9,000,000 to benefit class members.
Olo Inc. (OLO) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline
NEW YORK, NY / ACCESSWIRE / June 6, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Olo Inc. (NYSE:OLO). The settlement provides for a fund of $9,000,000 to benefit class members.
Olo Inc. (OLO) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline
NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Olo Inc. (NYSE: OLO). The settlement provides for a fund of $9,000,000 to benefit class members.
Levi & Korsinsky, LLP Notifies Shareholders of Olo Inc. (OLO) an Upcoming Claims Deadline in a Class Action Settlement
NEW YORK, NY / ACCESSWIRE / May 30, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Olo Inc. (NYSE: OLO). The settlement provides for a fund of $9,000,000 to benefit class members.
Olo Inc. (NYSE:OLO) Shares Sold by Panagora Asset Management Inc.
Panagora Asset Management Inc. lessened its holdings in shares of Olo Inc. (NYSE:OLO – Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 571,750 shares of the company’s stock after selling 5,813 shares during the period. Panagora Asset Management Inc. owned approximately 0.35% of OLO worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its stake in shares of OLO by 29.7% in the 4th quarter. Victory Capital Management Inc. now owns 14,056 shares of the company’s stock valued at $80,000 after purchasing an additional 3,219 shares during the period. Portside Wealth Group LLC grew its position in shares of OLO by 9.2% during the 4th quarter. Portside Wealth Group LLC now owns 41,014 shares of the company’s stock valued at $235,000 after acquiring an additional 3,467 shares during the period. Swiss National Bank increased its stake in shares of OLO by 1.6% in the 3rd quarter. Swiss National Bank now owns 218,200 shares of the company’s stock valued at $1,322,000 after purchasing an additional 3,500 shares in the last quarter. Baker Tilly Wealth Management LLC raised its holdings in OLO by 12.7% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 31,666 shares of the company’s stock worth $181,000 after purchasing an additional 3,580 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in OLO by 18.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,178 shares of the company’s stock worth $150,000 after purchasing an additional 3,991 shares in the last quarter. 93.40% of the stock is currently owned by institutional investors and hedge funds. Insider Activity In related news, CRO Diego Panama sold 40,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $4.70, for a total value of $188,000.00. Following the completion of the transaction, the executive now directly owns 592,806 shares in the company, valued at $2,786,188.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 39.12% of the company’s stock. Analyst Ratings Changes Separately, Piper Sandler upped their target price on OLO from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.10. View Our Latest Analysis on OLO OLO Stock Performance OLO stock opened at $4.88 on Monday. Olo Inc. has a 1 year low of $4.25 and a 1 year high of $8.84. The business has a 50 day simple moving average of $5.06 and a 200-day simple moving average of $5.32. OLO (NYSE:OLO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. OLO had a negative net margin of 19.35% and a negative return on equity of 1.56%. The firm had revenue of $66.51 million for the quarter, compared to analysts’ expectations of $64.22 million. During the same quarter in the previous year, the company posted ($0.06) EPS. The company’s revenue was up 27.3% compared to the same quarter last year. As a group, equities research analysts predict that Olo Inc. will post -0.08 EPS for the current fiscal year. About OLO (Free Report) 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.
Levi & Korsinsky, LLP Notifies Shareholders of Olo Inc. (OLO) an Upcoming Claims Deadline in a Class Action Settlement
NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Olo Inc. (NYSE: OLO). The settlement provides for a fund of $9,000,000 to benefit class members.
