Weiss Ratings Reaffirms “Sell (D)” Rating for Olaplex (NASDAQ:OLPX)

Olaplex (NASDAQ:OLPX)‘s stock had its “sell (d)” rating restated by research analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

A number of other equities analysts have also recently issued reports on OLPX. Wall Street Zen upgraded shares of Olaplex from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Telsey Advisory Group restated a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research report on Thursday, August 7th. Canaccord Genuity Group upgraded shares of Olaplex from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1.50 to $2.00 in a research report on Monday, August 25th. Finally, Barclays lifted their target price on shares of Olaplex from $1.40 to $1.50 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1.88.

Olaplex Stock Down 2.7%

Shares of NASDAQ OLPX opened at $1.10 on Friday. The company has a quick ratio of 3.20, a current ratio of 3.86 and a debt-to-equity ratio of 0.40. Olaplex has a 52 week low of $1.01 and a 52 week high of $2.28. The firm has a 50-day moving average price of $1.35 and a 200 day moving average price of $1.36. The stock has a market capitalization of $733.79 million, a price-to-earnings ratio of 27.50 and a beta of 2.31.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Olaplex had a negative net margin of 0.30% and a positive return on equity of 3.32%. The company had revenue of $106.28 million during the quarter, compared to analyst estimates of $100.30 million. During the same quarter last year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Olaplex has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Olaplex will post 0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Olaplex

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its position in shares of Olaplex by 80.6% in the first quarter. Hsbc Holdings PLC now owns 35,902 shares of the company’s stock valued at $46,000 after buying an additional 16,023 shares during the last quarter. Nuveen LLC acquired a new position in shares of Olaplex in the first quarter valued at approximately $428,000. Nantahala Capital Management LLC acquired a new position in shares of Olaplex in the first quarter valued at approximately $826,000. Russell Investments Group Ltd. raised its position in shares of Olaplex by 287.6% in the first quarter. Russell Investments Group Ltd. now owns 713,320 shares of the company’s stock valued at $906,000 after buying an additional 529,269 shares during the last quarter. Finally, Ninety One UK Ltd raised its position in shares of Olaplex by 18.5% in the second quarter. Ninety One UK Ltd now owns 3,333,055 shares of the company’s stock valued at $4,666,000 after buying an additional 520,011 shares during the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.