John Duffy Sells 34,824 Shares of Olaplex (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John Duffy sold 34,824 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1.26, for a total transaction of $43,878.24. Following the completion of the transaction, the general counsel directly owned 633,202 shares in the company, valued at $797,834.52. The trade was a 5.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Olaplex Trading Up 0.8%

OLPX stock traded up $0.01 during mid-day trading on Wednesday, hitting $1.31. 1,130,247 shares of the company were exchanged, compared to its average volume of 1,786,861. Olaplex Holdings, Inc. has a 12-month low of $0.99 and a 12-month high of $1.84. The firm has a market capitalization of $876.91 million, a P/E ratio of -131.00 and a beta of 2.24. The business has a fifty day simple moving average of $1.55 and a 200-day simple moving average of $1.36. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 0.40.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $105.12 million for the quarter, compared to the consensus estimate of $104.21 million. During the same period in the previous year, the firm earned $0.01 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Olaplex

Several large investors have recently added to or reduced their stakes in OLPX. Headlands Technologies LLC purchased a new position in Olaplex in the 4th quarter valued at approximately $25,000. Abel Hall LLC acquired a new stake in shares of Olaplex in the fourth quarter valued at $27,000. Chilton Capital Management LLC acquired a new stake in shares of Olaplex in the third quarter valued at $26,000. Schonfeld Strategic Advisors LLC purchased a new position in Olaplex in the third quarter valued at $30,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Olaplex in the third quarter valued at $32,000. 87.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research note on Monday, March 2nd. Morgan Stanley set a $1.40 price objective on Olaplex in a research note on Tuesday. Zacks Research upgraded Olaplex from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Northland Securities started coverage on Olaplex in a research note on Thursday, November 20th. They set an “outperform” rating and a $2.00 target price on the stock. Finally, Evercore set a $2.50 target price on Olaplex in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Olaplex has a consensus rating of “Hold” and an average target price of $1.88.

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.