S&P 500 gains to extend record run, set for positive week
Olo Inc stock reached a significant milestone, hitting a 52-week high of 10.1 USD. This marks a notable achievement for the $1.49 billion market cap company, reflecting a strong upward trend over the past year. According to InvestingPro data, the company maintains a healthy financial position with a current ratio of 7.93, indicating strong liquidity. The stock’s performance has been impressive, with a remarkable 1-year change of 108.18%, supported by robust revenue growth of 23.31%. This surge indicates growing investor confidence in Olo’s business model and market strategy. The 52-week high serves as a testament to the company’s resilience and ability to capitalize on market opportunities, positioning it favorably in the competitive landscape. InvestingPro analysis suggests the stock is fairly valued, with additional insights available in the comprehensive Pro Research Report, part of the coverage of 1,400+ US equities.
In other recent news, Olo Inc. reported its Q1 2025 earnings, revealing that while earnings per share (EPS) fell short of expectations at $0.01 compared to the projected $0.06, the company exceeded revenue forecasts with $80.7 million against an anticipated $77.54 million. This marked a 21% increase in revenue year-over-year, with platform revenue rising by 20%. Olo’s net income was reported at $0.07 per share. The company continues to expand, adding approximately 2,000 new active locations, bringing the total to around 88,000, and achieving a 12% increase in average revenue per user. Piper Sandler maintained its Neutral rating for Olo, with a price target of $8.00, noting Olo’s significant achievements, including the acquisition of Chipotle (NYSE:CMG) for multi-module catering use and the deployment of Card-Present Olo Pay for an existing enterprise customer. Additionally, Red Lobster has renewed its partnership with Olo after a brief departure, citing the platform’s enhanced capabilities and cost-effectiveness as reasons for returning. This renewed partnership includes the rollout of Olo’s Sentiment platform and plans to launch Catering+, marking Red Lobster’s first venture into first-party catering ordering.
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