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Olo (OLO) was downgraded to a Hold Rating at Stifel Nicolaus

In a report released yesterday, Brad Reback from Stifel Nicolaus downgraded Olo (OLOResearch Report) to a Hold, with a price target of $9.00. The company’s shares closed yesterday at $8.13.

According to TipRanks, Reback is a 5-star analyst with an average return of 16.0% and a 62.86% success rate. Reback covers the Technology sector, focusing on stocks such as ServiceNow, Oracle, and Microsoft.

In addition to Stifel Nicolaus, Olo also received a Hold from Piper Sandler’s Brent Bracelin in a report issued on August 12. However, on the same day, Truist Financial maintained a Buy rating on Olo (NYSE: OLO).

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OLO market cap is currently $1.3B and has a P/E ratio of -35.99.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OLO in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Olo Inc 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. It serves as the on-demand ordering and delivery platform for over 400 brands, such as Applebee’s, Checkers & Rally’s, Cheesecake Factory, Chili’s, Dairy Queen, Denny’s and others.

Read More on OLO:

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