Olaplex (NASDAQ:OLPX) Hits New 1-Year Low – What’s Next?

Olaplex Holdings, Inc. (NASDAQ:OLPX)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $1.01 and last traded at $1.0250, with a volume of 559608 shares. The stock had previously closed at $1.04.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OLPX shares. Wall Street Zen upgraded shares of Olaplex from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Barclays raised their target price on shares of Olaplex from $1.40 to $1.50 and gave the stock an “equal weight” rating in a report on Tuesday, July 15th. Canaccord Genuity Group upgraded shares of Olaplex from a “hold” rating to a “buy” rating and raised their target price for the stock from $1.50 to $2.00 in a report on Monday, August 25th. Zacks Research lowered shares of Olaplex from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research note on Friday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $1.88.

Olaplex Price Performance

The stock has a market capitalization of $703.77 million, a PE ratio of 26.00 and a beta of 2.29. The company has a quick ratio of 3.20, a current ratio of 3.86 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $1.31 and its 200-day moving average price is $1.35.

Olaplex (NASDAQ:OLPX) last issued its earnings results on Thursday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Olaplex had a negative net margin of 0.30% and a positive return on equity of 3.32%. The company had revenue of $106.28 million for the quarter, compared to analysts’ expectations of $100.30 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Olaplex has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Institutional Trading of Olaplex

A number of hedge funds have recently added to or reduced their stakes in OLPX. Teacher Retirement System of Texas purchased a new stake in Olaplex in the first quarter worth about $25,000. TD Asset Management Inc lifted its stake in Olaplex by 15.2% in the first quarter. TD Asset Management Inc now owns 678,942 shares of the company’s stock worth $862,000 after acquiring an additional 89,698 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Olaplex in the first quarter worth about $123,000. XTX Topco Ltd lifted its stake in Olaplex by 71.6% in the first quarter. XTX Topco Ltd now owns 104,385 shares of the company’s stock worth $133,000 after acquiring an additional 43,565 shares during the period. Finally, Virtu Financial LLC lifted its stake in Olaplex by 135.2% in the first quarter. Virtu Financial LLC now owns 74,454 shares of the company’s stock worth $95,000 after acquiring an additional 42,796 shares during the period. 87.37% of the stock is owned by hedge funds and other institutional investors.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.