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RBC Capital Remains a Buy on Olo (OLO)

In a report issued on January 7, Matthew Hedberg from RBC Capital maintained a Buy rating on Olo (OLOResearch Report), with a price target of $29.00. The company’s shares closed last Friday at $18.75.

According to TipRanks.com, Hedberg is a 5-star analyst with an average return of 21.8% and a 52.9% success rate. Hedberg covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Ping Identity Holding, and DoubleVerify Holdings.

Currently, the analyst consensus on Olo is a Moderate Buy with an average price target of $29.00.

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Based on Olo’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $37.39 million and GAAP net loss of $11.31 million. In comparison, last year the company earned revenue of $27.5 million and had a net profit of $5.11 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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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