Olaplex Holdings, Inc. (NASDAQ:OLPX) Receives Average Recommendation of “Hold” from Analysts

Olaplex Holdings, Inc. (NASDAQ:OLPX) has been given an average rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $1.9229.

Several analysts have recently issued reports on OLPX shares. Zacks Research raised shares of Olaplex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Olaplex in a report on Tuesday, April 21st. 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 report on Tuesday, April 14th.

Insider Activity

In other news, insider Trisha L. Fox sold 16,324 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total transaction of $33,300.96. Following the completion of the sale, the insider 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 document filed with the Securities & Exchange Commission, which can be accessed 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Carmignac Gestion acquired a new stake in shares of Olaplex in the first quarter worth $1,732,000. Optiver Holding B.V. lifted its holdings in shares of Olaplex by 999.5% during the 1st quarter. Optiver Holding B.V. now owns 24,123 shares of the company’s stock valued at $49,000 after acquiring an additional 21,929 shares in the last quarter. Groupe la Francaise acquired a new position in shares of Olaplex during the 1st quarter valued at $1,484,000. Gabelli Funds LLC purchased a new stake in Olaplex during the 1st quarter worth $998,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Olaplex during the 1st quarter worth $954,000. 87.37% of the stock is owned by institutional investors and hedge funds.

Olaplex Price Performance

OLPX opened at $2.07 on Thursday. Olaplex has a 1 year low of $0.99 and a 1 year high of $2.09. The company’s 50 day simple moving average is $2.06 and its 200 day simple moving average is $1.84. The stock has a market capitalization of $1.39 billion, a PE ratio of -103.50 and a beta of 1.85. 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 (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 firm had revenue of $99.37 million during the quarter, compared to analyst estimates of $94.11 million. Olaplex had a negative net margin of 3.53% and a positive return on equity of 2.23%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Olaplex will post 0.09 EPS for the current year.

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.