Credit Industriel ET Commercial Purchases New Stake in Olaplex Holdings, Inc. $OLPX

Credit Industriel ET Commercial bought a new position in Olaplex Holdings, Inc. (NASDAQ:OLPX) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 487,400 shares of the company’s stock, valued at approximately $989,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 valued at $4,762,000 after buying an additional 2,072,383 shares during the period. Intech Investment Management LLC raised its position in shares of Olaplex by 15.8% during the 3rd quarter. Intech Investment Management LLC now owns 74,780 shares of the company’s stock valued at $98,000 after buying an additional 10,192 shares during the period. Bank of Montreal Can acquired a new position in Olaplex in the fourth quarter valued at approximately $57,000. Creative Planning grew its position in Olaplex by 35.0% in the second quarter. Creative Planning now owns 37,357 shares of the company’s stock worth $52,000 after acquiring an additional 9,690 shares during the period. Finally, Jump Financial LLC increased its stake in Olaplex by 193.7% during the fourth quarter. Jump Financial LLC now owns 29,800 shares of the company’s stock worth $40,000 after acquiring an additional 19,653 shares during the last quarter. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Olaplex Stock Performance

NASDAQ OLPX opened at $2.07 on Tuesday. 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 Holdings, Inc. has a fifty-two week low of $0.99 and a fifty-two week high of $2.09. The business has a fifty day moving average of $2.04 and a 200-day moving average of $1.76. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -103.40 and a beta of 1.85.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings results 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 company had revenue of $99.37 million for the quarter, compared to analysts’ expectations of $94.11 million. Olaplex had a negative net margin of 3.53% and a positive return on equity of 2.23%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, analysts predict that Olaplex Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OLPX has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olaplex in a research note on Tuesday, April 21st. Northland Securities cut Olaplex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Telsey Advisory Group boosted their price objective on Olaplex from $2.00 to $2.06 and gave the company a “market perform” rating in a report on Friday, March 27th. Zacks Research raised shares of Olaplex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Morgan Stanley set a $1.40 price target on Olaplex in a research note on Tuesday, March 10th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Olaplex currently has a consensus rating of “Hold” and a consensus price target of $1.92.

Insider Buying and Selling

In other Olaplex news, insider Trisha L. Fox sold 16,324 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total value of $33,300.96. Following the completion of the transaction, the insider directly owned 1,064,039 shares in the company, 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 this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 4.80% 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.