Olaplex (NASDAQ:OLPX) Stock Rating Upgraded by Zacks Research

Olaplex (NASDAQ:OLPX) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Northland Securities downgraded Olaplex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Telsey Advisory Group upped their target price on Olaplex from $2.00 to $2.06 and gave the stock a “market perform” rating in a research report on Friday, March 27th. Barclays upped their target price on Olaplex from $1.75 to $2.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 14th. Evercore set a $2.50 target price on Olaplex in a research report on Friday, March 6th. Finally, Morgan Stanley set a $1.40 target price on Olaplex in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Olaplex currently has an average rating of “Hold” and a consensus target price of $1.92.

Olaplex Price Performance

Shares of Olaplex stock opened at $2.04 on Tuesday. The stock has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.51. The company has a market cap of $1.37 billion, a P/E ratio of -102.00 and a beta of 1.87. The company has a current ratio of 6.27, a quick ratio of 4.00 and a debt-to-equity ratio of 0.40. Olaplex has a 1 year low of $0.99 and a 1 year high of $2.04.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $99.37 million during the quarter, compared to the consensus estimate of $94.11 million. Olaplex had a positive return on equity of 2.23% and a negative net margin of 3.53%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that Olaplex will post 0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Olaplex news, CFO Catherine Dunleavy sold 93,809 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $1.26, for a total value of $118,199.34. Following the transaction, the chief financial officer directly owned 3,026,885 shares of the company’s stock, valued at $3,813,875.10. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel John C. Duffy sold 34,962 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $1.26, for a total value of $44,052.12. Following the completion of the transaction, the general counsel directly owned 982,855 shares in the company, valued at approximately $1,238,397.30. The trade was a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 215,442 shares of company stock valued at $271,457 in the last three months. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Olaplex during the 1st quarter valued at about $36,000. Headlands Technologies LLC acquired a new position in shares of Olaplex during the 4th quarter valued at about $25,000. Abel Hall LLC acquired a new position in shares of Olaplex during the 4th quarter valued at about $27,000. Chilton Capital Management LLC acquired a new position in shares of Olaplex during the 3rd quarter valued at about $26,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Olaplex during the 3rd quarter valued at about $30,000. Institutional investors and hedge funds 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.