Olaplex’s (OLPX) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $2.00 target price on the stock.

Other equities analysts have also issued research reports about the company. Wall Street Zen raised Olaplex from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Zacks Research downgraded shares of Olaplex from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Barclays lifted their target price on shares of Olaplex from $1.40 to $1.50 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Olaplex in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group upgraded Olaplex from a “hold” rating to a “buy” rating and raised their price target for the stock from $1.50 to $2.00 in a research note on Monday, August 25th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $1.81.

Olaplex Stock Up 3.6%

OLPX stock traded up $0.04 on Friday, reaching $1.14. 1,089,508 shares of the company traded hands, compared to its average volume of 1,267,677. The firm has a fifty day simple moving average of $1.27 and a 200-day simple moving average of $1.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.86 and a quick ratio of 3.20. The company has a market cap of $760.47 million, a P/E ratio of 55.00 and a beta of 2.29. Olaplex has a one year low of $1.01 and a one year high of $2.28.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $114.58 million during the quarter, compared to the consensus estimate of $109.77 million. Olaplex had a negative net margin of 1.18% and a positive return on equity of 1.31%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.04 earnings per share. Olaplex has set its FY 2025 guidance at EPS. Research analysts anticipate that Olaplex will post 0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Creative Planning increased its holdings in Olaplex by 35.0% in the 2nd quarter. Creative Planning now owns 37,357 shares of the company’s stock worth $52,000 after acquiring an additional 9,690 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Olaplex by 27.4% in the third quarter. Arizona State Retirement System now owns 49,263 shares of the company’s stock worth $65,000 after purchasing an additional 10,609 shares during the period. MetLife Investment Management LLC increased its stake in shares of Olaplex by 20.0% in the first quarter. MetLife Investment Management LLC now owns 70,438 shares of the company’s stock worth $89,000 after purchasing an additional 11,759 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Olaplex by 80.6% in the first quarter. Hsbc Holdings PLC now owns 35,902 shares of the company’s stock worth $46,000 after purchasing an additional 16,023 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Olaplex during the 2nd quarter valued at $25,000. Institutional investors own 87.37% of the company’s stock.

About Olaplex

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.