Olaplex Holdings, Inc. (NASDAQ:OLPX) Given Consensus Recommendation of “Hold” by Analysts

Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) have received a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $1.9229.

A number of equities analysts recently issued reports on OLPX shares. Barclays upped their price objective on shares of Olaplex from $1.75 to $2.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 14th. Canaccord Genuity Group cut shares of Olaplex from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Zacks Research raised shares of Olaplex from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a research report on Tuesday, April 21st. Finally, Telsey Advisory Group boosted their target price on shares of Olaplex from $2.00 to $2.06 and gave the company a “market perform” rating in a research report on Friday, March 27th.

Olaplex Price Performance

NASDAQ:OLPX opened at $2.05 on Friday. Olaplex has a 52 week low of $0.99 and a 52 week high of $2.05. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -102.50 and a beta of 1.87. The firm’s 50-day simple moving average is $1.88 and its 200 day simple moving average is $1.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.34 and a current ratio of 6.27.

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

Insiders Place Their Bets

In other Olaplex news, insider Trisha L. Fox sold 26,426 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $1.26, for a total transaction of $33,296.76. Following the transaction, the insider owned 721,169 shares in the company, valued at approximately $908,672.94. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel John C. Duffy sold 34,962 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $1.26, for a total transaction of $44,052.12. Following the completion of the sale, the general counsel owned 982,855 shares of the company’s stock, valued at approximately $1,238,397.30. The trade was a 3.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 215,442 shares of company stock worth $271,457. Insiders own 4.30% of the company’s stock.

Institutional Trading of Olaplex

Several institutional investors have recently made changes to their positions in OLPX. Portolan Capital Management LLC grew its stake in shares of Olaplex by 132.6% in the 3rd quarter. Portolan Capital Management LLC now owns 3,635,124 shares of the company’s stock worth $4,762,000 after acquiring an additional 2,072,383 shares in the last quarter. PSquared Asset Management AG bought a new stake in shares of Olaplex in the 1st quarter worth $2,874,000. Russell Investments Group Ltd. grew its stake in shares of Olaplex by 284.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,909,836 shares of the company’s stock worth $2,559,000 after acquiring an additional 1,413,423 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Olaplex by 1,314.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,508,013 shares of the company’s stock worth $2,111,000 after acquiring an additional 1,401,369 shares in the last quarter. Finally, Archon Capital Management LLC grew its position in Olaplex by 40.4% during the fourth quarter. Archon Capital Management LLC now owns 4,466,876 shares of the company’s stock valued at $5,986,000 after buying an additional 1,284,557 shares during the period. Institutional investors own 87.37% of the company’s stock.

About Olaplex

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.