Nucor earnings beat by $0.08, revenue fell short of estimates
Manning Sherri, Chief People Officer at Olo Inc. (NYSE:OLO), recently sold 5,940 shares of Class A Common Stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $6.3505, resulting in a total transaction value of $37,721. The transaction comes as InvestingPro data shows Olo trading near $6.08, with the stock down over 9% in the past week despite strong financial health indicators and a healthy current ratio of 7.52.
The sale, which took place on March 7, was required to cover tax withholding obligations related to the vesting and settlement of restricted stock units. This transaction was not a discretionary trade by Ms. Sherri. Following the sale, she retains ownership of 303,583 shares of Olo Inc. stock. According to InvestingPro analysis, the company appears undervalued, with analysts setting price targets between $8 and $10, suggesting potential upside. Get access to 8 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.
The shares were sold in multiple transactions at prices ranging from $6.21 to $6.53. Further details on the specific number of shares sold at each price point are available upon request from the company or the SEC. The company maintains a strong balance sheet with more cash than debt, and analysts expect net income growth this year.
In other recent news, Olo Inc. reported its fourth-quarter 2024 earnings, aligning with analyst expectations with an earnings per share (EPS) of $0.06 and revenue of $76.1 million. This marked a 21% increase in revenue year-over-year, contributing to a full-year revenue of $284.9 million, up 25% from the previous year. The company’s operating income for the quarter was $11.5 million, reflecting a significant growth from $6.8 million the previous year. Goldman Sachs maintained its Neutral rating on Olo, setting a price target of $8.50, following the company’s stronger-than-expected revenue and EBIT margins. Olo’s financial success was partly driven by Olo Pay, which generated over $70 million in revenue, surpassing initial projections. The company’s guidance for 2025 suggests a revenue range of $333 million to $336 million, with Olo Pay expected to contribute $110 million. The firm also highlighted the adoption of its Engage suite and Catering+ service, which saw multiple brand deployments during the quarter.
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