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Olo ( (OLO) ) just unveiled an update.
Olo has completed a merger that resulted in the termination of its existing loan agreement with Banc of California, and the full repayment of all outstanding obligations. As part of the merger, Olo’s common stock was delisted from the New York Stock Exchange, and the company plans to deregister its stock and suspend its reporting obligations. The merger also led to changes in the company’s board of directors, with resignations and new appointments, and amendments to stock unit agreements for certain employees.
The most recent analyst rating on (OLO) stock is a Hold with a $10.25 price target. To see the full list of analyst forecasts on Olo stock, see the OLO Stock Forecast page.
Spark’s Take on OLO Stock
According to Spark, TipRanks’ AI Analyst, OLO is a Neutral.
Olo’s overall score reflects strong technical momentum and a solid financial position, but is weighed down by valuation concerns due to lack of profitability and ongoing litigation risks related to the merger.
To see Spark’s full report on OLO stock, click here.
More about Olo
Average Trading Volume: 4,931,538
Technical Sentiment Signal: Buy
Current Market Cap: $1.74B
For detailed information about OLO stock, go to TipRanks’ Stock Analysis page.