So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. Olo Inc. (OLO) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. Olo’s platform marries restaurants with a vast and complex vendor market. In totality, Olo’s platform integrates with more than 100 restaurant technology solutions such as POS systems, delivery aggregators, payment processors, and loyalty programs. Think of Olo as having the universal key that unlocks a man for all markets dozens of doors, or tech solutions, used by restaurants.
Locations
While that doesn’t necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces. For OLO, shares are up 11.85% over the past week while the Zacks Internet – Software industry is down 3.22% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 37.79% compares favorably with the industry’s 6.41% performance as well. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. By giving consumers the power to save and access their payment information on file, restaurants will see an increase in basket conversion, retention, visit frequency, and spend.
With Olo Pay, we no longer have to manage our fraud prevention in-house. In order to see if OLO is a promising momentum pick, let’s examine some Momentum Style elements to see if this company holds up. Please bear with us as we address this and restore your personalized lists. Olo has helped us tremendously by serving as a centralized hub for all of our digital ordering platforms.
Offer delivery on your terms
That’s because the ability and unbiasedness of analysts in setting price targets have long been questionable. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. In comparison, the S&P 500 has only moved 6.16% and 32.62%, respectively. Use automated surveys to collect first-party data, intercept and engage with negative feedback to prevent churn, and encourage happy guests to share their experiences on review sites to boost your online visibility. Yet, of course, COVID pulled digital ordering adoption into the future.
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- That means as you convert guest checkouts into Borderless users, those Borderless users can become loyalty users.
- Glass says Palmer told him the ability to deliver a hospitable and high-quality experience, but remote, was something they wanted to get ahead of.
- And that could be a legitimate reason to expect an upside in the stock.
With Olo Pay, restaurants can simplify the ordering process for consumers by offering mobile wallet support and allowing credit cards on-file to be used at any of a brand’s participating locations. In addition to the consumer-facing benefits, Olo Pay offers advanced fraud prevention that improves authorization rates for valid transactions and uses risk-score-based How to buy crypto screenings to reject suspect transactions. Borderless payments will offer frictionless checkout for restaurant consumers and drive more direct orders for brands. The pandemic highlighted the importance of having a robust digital business and it opened the door for online ordering players to promote their services.
Olo Pay
We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. Below, we take a look at Olo Inc. (OLO), points, ticks, and pips trading a company that currently holds a Momentum Style Score of A. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a ‘Strong Buy’ rating and the next 15% get a ‘Buy’ rating.
They refer to their business model as a transactional SaaS model as it includes both subscription and transaction-based revenue streams, and it’s designed to align with its customers’ success. Our goal all along has been to improve the guest experience and grow market share with online ordering. Discover why traditional restaurant brands and virtual concepts rely on our powerful ordering platform to maximize profitability, streamline operations, and meet guests where they are. Discover how to maximize your restaurant revenue across channels, unlock actionable guest data, and grow your business with this comprehensive direct ordering ebook. Olo projects its “addressable market opportunity is $7 billion” as the pandemic fueled the acceleration of new kinds of contactless digital ordering for both dine-in and takeout customers, according to Friday’s regulatory filing.