Olaplex (NASDAQ:OLPX) Insider Sells $32,030.46 in Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha Fox sold 25,421 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $1.26, for a total value of $32,030.46. Following the completion of the sale, the insider directly owned 1,080,363 shares of the company’s stock, valued at approximately $1,361,257.38. This represents a 2.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Olaplex Price Performance

NASDAQ OLPX traded up $0.05 on Monday, reaching $1.25. 1,389,925 shares of the company’s stock traded hands, compared to its average volume of 1,790,682. The stock has a market cap of $836.75 million, a PE ratio of -125.00 and a beta of 2.24. Olaplex Holdings, Inc. has a 12 month low of $0.99 and a 12 month high of $1.84. The stock has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $1.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.58 and a quick ratio of 4.00.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Olaplex had a negative net margin of 2.19% and a positive return on equity of 1.07%. The firm had revenue of $105.12 million during the quarter, compared to analyst estimates of $104.21 million. During the same period in the previous year, the business posted $0.01 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts predict that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

OLPX has been the subject of several analyst reports. Evercore set a $2.50 target price on Olaplex in a report on Friday, March 6th. Barclays set a $1.75 price objective on Olaplex in a research note on Friday, January 16th. Northland Securities assumed coverage on shares of Olaplex in a research note on Thursday, November 20th. They issued an “outperform” rating and a $2.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Olaplex in a report on Wednesday, March 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1.88.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in Olaplex in the first quarter worth $576,000. Jane Street Group LLC lifted its position in Olaplex by 151.8% during the first quarter. Jane Street Group LLC now owns 88,321 shares of the company’s stock valued at $112,000 after buying an additional 258,873 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Olaplex during the 2nd quarter valued at $75,000. Creative Planning grew its position in shares of Olaplex by 35.0% in the 2nd quarter. Creative Planning now owns 37,357 shares of the company’s stock worth $52,000 after buying an additional 9,690 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Olaplex by 139.9% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 93,933 shares of the company’s stock worth $132,000 after acquiring an additional 54,781 shares in the last quarter. Institutional investors own 87.37% of the company’s stock.

Olaplex Company Profile

Olaplex, Inc (NASDAQ: OLPX) is a specialty haircare company known for its patented bond-building technology designed to repair and strengthen hair from within. The company’s core offerings encompass a range of professional salon treatments and at-home maintenance products that target chemical damage, breakage and split ends. Olaplex formulations are built around a proprietary active ingredient that works at the molecular level to rebuild disulfide bonds broken during bleaching, coloring and heat styling processes.

Founded in 2014 and headquartered in Irvine, California, Olaplex initially gained traction among high-end salons before expanding into broader retail channels.