UPDATE: Stifel Downgrades Olo Inc. (OLO) to Hold

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Go back to UPDATE: Stifel Downgrades Olo Inc. (OLO) to Hold

UPDATE: Piper Sandler Downgrades Olo Inc. (OLO) to Neutral

August 12, 2022 3:31 AM EDT

(Updated - August 12, 2022 5:21 AM EDT)

Piper Sandler analyst Brent Bracelin downgraded Olo Inc. (NYSE: OLO) from Overweight to Neutral with a price target of $9.00 (from $13.00).

The analyst comments "The $12.5M reduction to full-year guidance because of deployment delays and elongating... More

Olo Inc. Shares Plummet 26% Following Q2 Results, Provides Guidance

August 11, 2022 5:30 PM EDT

Olo Inc. (NYSE: OLO) shares plunged 26% after-hours following the companys reported worse-than-expected Q2 results. Total revenue grew 27% year-over-year to $45.6 million.

Platform revenue grew 29% year-over-year to $44.5 million. The average revenue per unit (ARPU) was $544, representing a 12% year-over-year increase. Ending active locations were approximately 82,000, growing 11%... More