How to Buy Olo Stock
Olo Inc
Olo is a app company located in New York, United States, which is part of the Technology sector, and is traded under the ticker OLO on the NYSE exchange.
Olo stock last closed at $8.16, up 3.68% from the previous day, and has decreased 38.42% in one year. It has underperformed other stocks in the Software - Application industry by 0.14 percentage points. Olo stock is currently +42.16% from its 52-week low of $5.74, and -42.9% from its 52-week high of $14.29.
As of Mar 31, 2023, there are 161.34M shares of OLO outstanding. The market capitalization of OLO is $1.32B. In the last 24 hours, 1.06M OLO shares were traded.
How to Buy Olo Stock
Not sure how to invest in Olo stock? Here's how.
- Figure out where to buy Olo stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Olo stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your method of payment and add your information.
- Evaluate Olo stock: The Olo ticker symbol is OLO. Is Olo stock a good investment? Should you buy shares of OLO? How do OLO's underlying business fundamentals look? Do top analysts think Olo is a good buy? Why has OLO's stock price moved recently? (Hint: Our stock research tools can help you decide if OLO is a good stock to buy).
- Place your OLO purchase: Decide if you will purchase OLO shares at the current market price or use a limit order to purchase OLO stock at a particular price.
- Watch your investment in OLO: Create a watchlist to monitor your new investment in Olo stock.
Step 1: Figure out where to buy Olo stock
You need a brokerage account to access the NYSE market and buy OLO stock.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to global financial markets: From Technology to Industrials, New York to London — you can fill your portfolio with stocks from the world's leading exchanges.
- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal details so you are able to invest in OLO today.
How to Start a New Account on eToro
- Click here to get started.
- Input your personal details to open a new brokerage account.
- Send your info by hitting the "Create Account" button.
Step 3: Put funds into your investment account
Now that you have created your account on the best stock trading app, you can securely and quickly fund your account:
Check out the video below for more details depositing funds into your investment account.
Step 4: Evaluate Olo stock
Once you have decided on the best place to buy Olo stock, it's crucial to research their stock before you buy, so you actually understand the risk as well as the opportunity.
Olo stock at a glance
OLO Zen Score
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on OLO's stock page.
Is OLO stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge OLO's true value.
Using relative valuations measures:
- OLO could be undervalued based on its P/B ratio of 1.89x, relative to Software - Application industry P/B ratio of 5.38x
You can do more valuation analysis on OLO's stock here.
OLO Financial Overview
Positive Financial Indicators:
- OLO has a low debt to equity ratio of 0.11.
- OLO has cash burn of 6653000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the OLO balance sheet.
- OLO profit margin has gone up from -28.3% to -24.8% in the past year.
- OLO has $448.77M in cash and short term investments. This is sufficient to cover its annual cash burn of $6.65M.
- There are more short-term assets than long-term liabilities on the OLO balance sheet.
Do analysts think it's a good time to buy Olo stock
Out of 4 Equities analysts who monitor OLO, the consensus analyst rating on Olo is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Latest OLO Analyst Upgrades/Downgrades
Clarke Jeffries, a bottom 3% analyst from Piper Sandler reiterates OLO with a hold rating and maintains their OLO price target from $9.00 to $9.00, on Mar 7, 2023.
Matthew Hedberg, a bottom 3% analyst from RBC Capital maintains OLO with a buy rating and raises their OLO price target from $9.00 to $10.00, on Feb 23, 2023.
Gabriela Borges, a bottom 9% analyst from Goldman Sachs initiates coverage on OLO with a hold rating and announces their OLO price target of $8.50, on Oct 19, 2022.
Terry Tillman, a top 21% analyst from Truist Securities maintains OLO with a strong buy rating and lowers their OLO price target from $16.00 to $12.00, on Oct 13, 2022.
You can dive deeper into what analysts are projecting on the Olo stock forecast page.
OLO Technical Indicators
OLO Earnings
Last year, OLO revenue was $185.40M. During the past 4 year, OLO's revenue has gone up by 55.39% per year. This was faster than the Software - Application industry average of 37.19%.
You can research OLO's earnings and revenue performance here.
Are OLO insiders buying or selling the stock?
Over the past year, insiders at OLO have sold more shares than they have bought.
Peter J. Benevides, Chief Financial Officer of OLO, was the latest OLO insider to sell. They sold $66,881.10 worth of OLO shares on Mar 6, 2023.
Dig into more about who owns OLO stock here.
Does OLO stock generate passive income?
No, Olo doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your OLO purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open Trade button and your broker will place your order.
If you need additional info about buying stocks on eToro, watch the how to video below:
Step 6: Watch your investment in OLO
Now that you own some OLO shares, you'll want to stay up-to-date on your new investment.
Start a watchlist to get notified of important updates regarding your OLO stock.
OLO Feed
How to Buy Stock in Olo
To summarize, here are the 6 steps to buy stock in Olo:
- Figure out where to buy Olo stock
- Open a brokerage account
- Put funds into your investment account
- Evaluate Olo stock
- Place your OLO purchase
- Watch your investment in OLO
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to track your new investment in Olo, create a watchlist today.
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