Olo Soars 11% in 3 Months: Is it the Right Time to Buy the Stock?

Zacks09-19 23:00

Olo Inc. OLO shares have jumped 10.6% in the past three months, outpacing the Zacks Internet - Software Industry and the S&P 500 index’s return of 3.3% and 2.4%, respectively. The stock has also ...

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OLO shares have jumped 10.6% in the past three months, outpacing the Zacks Internet - Software Industry and the S&P 500 index’s return of 3.3% and 2.4%, respectively. The stock has also ...</p>\n\n<a href=\"https://finance.yahoo.com/news/olo-soars-11-3-months-150000594.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0002270589.USD","symbol_name":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/olo-soars-11-3-months-150000594.html","article_id":"2468688619","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/as5m4_sYhwbum22y4k2zVQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/d43cb7b76527c97c59494165d3dffeae"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468688619","pubTimestamp":1726758000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Olo Inc. OLO shares have jumped 10.6% in the past three months, outpacing the Zacks Internet - Software Industry and the S&P 500 index’s return of 3.3% and 2.4%, respectively. The stock has also outperformed the Zacks Computer and Technology Sector, which has declined 3.6% over the same time frame.This outperformance reflects investors’ optimism over Olo’s prospects following its back-to-back quarters of strong quarterly performance. Over the past four quarters, its top line has surpassed the Zacks Consensus Estimate while the bottom line has matched the same. In the second quarter of 2024, revenues and earnings marked significant year-over-year improvement.While Block and PAR compete with OLO in the Restaurant Point of Sales solution market, DASH competes in the direct ordering solutions space. SQ, PAR and DASH have gained 6.4%, 28.9% and 20.3% in the last three months.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4505":"高瓴资本持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4581":"高盛持仓","OLO":"PowerShares DB Crude Oil Long ET","BK4209":"餐馆","PAR":"Par Technology Corp","BK4549":"软银资本持仓","DASH":"DoorDash, Inc.","BK4548":"巴美列捷福持仓","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4528":"SaaS概念","BK4023":"应用软件","BK4554":"元宇宙及AR概念","BK4106":"数据处理与外包服务","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4585":"ETF&股票定投概念","BK4157":"电子设备和仪器","BK4227":"交易和支付处理服务","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4536":"外卖概念","BK4535":"淡马锡持仓","BK4588":"碎股","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓"},"translate_title":"Olo 3个月内飙升11%：现在是购买该股的合适时机吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PAR":1,"OLO":1,"DASH":1},"content_text":"Olo Inc. OLO shares have jumped 10.6% in the past three months, outpacing the Zacks Internet - Software Industry and the S&P 500 index’s return of 3.3% and 2.4%, respectively. The stock has also outperformed the Zacks Computer and Technology Sector, which has declined 3.6% over the same time frame.\nThis outperformance reflects investors’ optimism over Olo’s prospects following its back-to-back quarters of strong quarterly performance. Over the past four quarters, its top line has surpassed the Zacks Consensus Estimate while the bottom line has matched the same. In the second quarter of 2024, revenues and earnings marked significant year-over-year improvement.\nDuring the last reported quarter, Olo added 1,000 net new locations, bringing the total to 82,000 locations. This reflects its ability to gain market share. In the second quarter, it reported that all of its segments, including Order, Pay and Engage, are experiencing positive momentum. All these have instilled investors’ confidence in Olo’s prospects, which led to the recent share price appreciation.\nComparing the last three months’ price performance with its competitors, OLO stock has outperformed Block SQ, while underperformed PAR Technology PAR and DoorDash DASH.\nWhile Block and PAR compete with OLO in the Restaurant Point of Sales solution market, DASH competes in the direct ordering solutions space. SQ, PAR and DASH have gained 6.4%, 28.9% and 20.3% in the last three months.\nOLO Past Three Months Performance\nImage Source: Zacks Investment Research\nOLO Gains From Expanding Product Portfolio\nIn the past year, Olo has rapidly increased its capabilities through new product launches. The company has launched solutions like Loyalty for Borderless Accounts, Catering+ and Smart Cross-Sells.\nLoyalty for Borderless Accounts is a feature that hotels and restaurant owners can leverage alongside their existing loyalty programs. This feature enables restaurant customers to earn rewards and use them later for subsequent transactions.\nThe Cross-Sells feature enables restaurants and hotels to drive guest engagement by offering personalized suggestions during the ordering and checkout process. This also increases the organization’s revenues by cross-selling the amenities.\nOLO also introduced a Catering+ solution to enable its restaurant and hotel customers to take and deliver bulk orders. Moreover, OLO enhanced its Loyalty for Borderless Accounts by offering all of its customers this feature who use the Serve platform.\nBased on the robust portfolio and several client wins, OLO expects 2024 revenue in between $279.5 million to $280.5. The Zacks Consensus Estimate for the revenue is pegged at $280 million suggesting a growth of 22.7% year over year.\nConclusion\nOlo’s sustained focus on enhancing product capabilities and expanding active locations is likely to continue driving its financial performance. Moreover, the stock currently sports a Zacks Rank #1 (Strong Buy) and has a Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.\nPer Zacks’ proprietary methodology, stocks with a combination of Zacks Rank #1 or 2 (Buy) and a Growth Score of A or B offer solid investment opportunities.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPAR Technology Corporation (PAR) : Free Stock Analysis Report\nBlock, Inc. (SQ) : Free Stock Analysis Report\nOlo Inc. (OLO) : Free Stock Analysis Report\nDoorDash, Inc. (DASH) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.27.0","shortVersion":"4.27.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468688619"}