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

Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) have been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $1.9229.

A number of brokerages have recently issued reports on OLPX. Canaccord Genuity Group cut Olaplex from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Zacks Research upgraded Olaplex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded Olaplex from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley set a $1.40 price target on Olaplex in a research note on Tuesday, March 10th. Finally, Barclays boosted their price target on Olaplex from $1.75 to $2.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 14th.

Insider Activity at Olaplex

In related news, General Counsel John C. Duffy sold 34,962 shares of the business’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 $44,052.12. Following the completion of the sale, 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. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Catherine Dunleavy sold 93,809 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $1.26, for a total value of $118,199.34. Following the completion of the sale, the chief financial officer owned 3,026,885 shares of the company’s stock, valued at approximately $3,813,875.10. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 170,516 shares of company stock worth $227,583. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Olaplex during the fourth quarter valued at approximately $25,000. Abel Hall LLC acquired a new position in Olaplex during the fourth quarter valued at approximately $27,000. Schonfeld Strategic Advisors LLC acquired a new position in Olaplex during the third quarter valued at approximately $30,000. Wealth Enhancement Advisory Services LLC acquired a new position in Olaplex during the third quarter valued at approximately $32,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Olaplex during the first quarter valued at approximately $36,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Olaplex Trading Up 0.5%

Shares of NASDAQ:OLPX opened at $2.04 on Wednesday. Olaplex has a 12-month low of $0.99 and a 12-month high of $2.06. The stock has a market cap of $1.37 billion, a PE ratio of -102.00 and a beta of 1.86. The business has a 50 day moving average of $2.04 and a 200-day moving average of $1.64. The company has a quick ratio of 5.34, a current ratio of 6.27 and a debt-to-equity ratio of 0.40.

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, topping analysts’ consensus estimates of $0.01 by $0.01. Olaplex had a positive return on equity of 2.23% and a negative net margin of 3.53%.The company had revenue of $99.37 million during the quarter, compared to analysts’ expectations of $94.11 million. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Olaplex will post 0.09 earnings per share for the current year.

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.