Olaplex (NASDAQ:OLPX) Insider Sells $33,300.96 in Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha Fox sold 16,324 shares of Olaplex stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $2.04, for a total value of $33,300.96. Following the completion of the transaction, the insider owned 1,064,039 shares of the company’s stock, valued at approximately $2,170,639.56. The trade was a 1.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Olaplex Trading Down 0.5%

Shares of OLPX opened at $2.04 on Friday. The stock has a fifty day moving average price of $1.96 and a two-hundred day moving average price of $1.59. 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 Holdings, Inc. has a 52-week low of $0.99 and a 52-week high of $2.06. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -102.00 and a beta of 1.87.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating 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 company’s revenue was up 2.5% on a year-over-year basis. Analysts predict that Olaplex Holdings, Inc. will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Groupe la Francaise bought a new position in shares of Olaplex in the 1st quarter worth $1,484,000. Gabelli Funds LLC bought a new position in shares of Olaplex in the 1st quarter worth $998,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Olaplex in the 1st quarter worth $954,000. PSquared Asset Management AG bought a new position in shares of Olaplex in the 1st quarter worth $2,874,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Olaplex by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 666,886 shares of the company’s stock worth $1,354,000 after purchasing an additional 21,085 shares during the last quarter. 87.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OLPX. Evercore set a $2.50 target price on Olaplex in a research note on Friday, March 6th. Barclays lifted their target price on Olaplex from $1.75 to $2.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 14th. Telsey Advisory Group lifted their target price on Olaplex from $2.00 to $2.06 and gave the company a “market perform” rating in a research note on Friday, March 27th. Canaccord Genuity Group cut Olaplex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Wall Street Zen raised Olaplex from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1.92.

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.