Olo initiated with a Neutral at BTIG

BTIG initiated coverage of Olo with a Neutral rating and no price target. The company has an “enviable position” with 76,000 restaurants on its software platform that interacts with more than 85M guests, the analyst tells investors in a research note. However, the firm wants to see clearer traction of Olo’s growth strategy and believes the stock has priced in a level of execution “that leaves little room for error.”