Olaplex (NASDAQ:OLPX) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Olaplex (NASDAQ:OLPX) from a hold rating to a sell rating in a research note released on Saturday.

Other equities analysts have also recently issued reports about the stock. Northland Capmk raised shares of Olaplex to a “strong-buy” rating in a research note on Thursday, November 20th. Canaccord Genuity Group upgraded Olaplex from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1.50 to $2.00 in a research report on Monday, August 25th. Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a research report on Wednesday, October 8th. Barclays lowered their price objective on Olaplex from $1.50 to $1.25 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Finally, Northland Securities initiated coverage on Olaplex in a report on Thursday, November 20th. They issued an “outperform” rating and a $2.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1.85.

Olaplex Stock Performance

NASDAQ:OLPX opened at $1.14 on Friday. The company has a market cap of $760.96 million, a price-to-earnings ratio of 57.00 and a beta of 2.29. Olaplex has a 1 year low of $0.99 and a 1 year high of $2.28. The stock’s 50 day simple moving average is $1.17 and its two-hundred day simple moving average is $1.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.16 and a quick ratio of 3.52.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OLPX. T. Rowe Price Investment Management Inc. lifted its stake in shares of Olaplex by 12.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 27,567,214 shares of the company’s stock worth $35,011,000 after acquiring an additional 3,066,614 shares during the last quarter. Portolan Capital Management LLC increased its stake in Olaplex by 132.6% in the third quarter. Portolan Capital Management LLC now owns 3,635,124 shares of the company’s stock worth $4,762,000 after purchasing an additional 2,072,383 shares during the period. Ninety One UK Ltd increased its stake in Olaplex by 1.6% in the third quarter. Ninety One UK Ltd now owns 3,385,918 shares of the company’s stock worth $4,436,000 after purchasing an additional 52,863 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of Olaplex by 2.1% during the third quarter. Bridgeway Capital Management LLC now owns 2,684,791 shares of the company’s stock worth $3,517,000 after purchasing an additional 55,652 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Olaplex by 1,314.1% during the second quarter. Balyasny Asset Management L.P. now owns 1,508,013 shares of the company’s stock valued at $2,111,000 after purchasing an additional 1,401,369 shares during the period. 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.