PSquared Asset Management AG Purchases New Shares in Olaplex Holdings, Inc. $OLPX

PSquared Asset Management AG purchased a new position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,415,716 shares of the company’s stock, valued at approximately $2,874,000. Olaplex accounts for about 1.0% of PSquared Asset Management AG’s holdings, making the stock its 13th largest position. PSquared Asset Management AG owned about 0.21% of Olaplex at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in OLPX. Russell Investments Group Ltd. boosted its position in Olaplex by 284.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,909,836 shares of the company’s stock valued at $2,559,000 after buying an additional 1,413,423 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Olaplex by 1,314.1% during the second 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 during the last quarter. Archon Capital Management LLC increased its position in shares of Olaplex by 40.4% during the fourth quarter. Archon Capital Management LLC now owns 4,466,876 shares of the company’s stock worth $5,986,000 after acquiring an additional 1,284,557 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Olaplex by 56.2% in the second quarter. Bridgeway Capital Management LLC now owns 2,629,139 shares of the company’s stock worth $3,681,000 after acquiring an additional 946,265 shares in the last quarter. Finally, Fund 1 Investments LLC acquired a new position in shares of Olaplex in the fourth quarter worth about $1,023,000. Institutional investors and hedge funds own 87.37% of the company’s stock.

Insider Transactions at Olaplex

In other Olaplex news, insider Trisha L. Fox sold 16,324 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total transaction of $33,300.96. Following the transaction, the insider owned 1,064,039 shares of the company’s stock, valued at $2,170,639.56. This trade represents a 1.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 4.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on OLPX shares. Barclays increased their price target on Olaplex from $1.75 to $2.00 and gave the company an “equal weight” rating in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olaplex in a research report on Tuesday, April 21st. Canaccord Genuity Group lowered Olaplex from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Northland Securities cut Olaplex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Zacks Research raised shares of Olaplex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1.92.

Olaplex Stock Performance

Shares of Olaplex stock opened at $2.07 on Friday. The firm has a market cap of $1.39 billion, a PE ratio of -103.50 and a beta of 1.85. The firm’s 50-day simple moving average is $2.05 and its 200-day simple moving average is $1.82. 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 1 year low of $0.99 and a 1 year high of $2.09.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The business 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 business’s revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that Olaplex Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

Olaplex 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.