Olaplex (NASDAQ:OLPX) Stock Rating Lowered by Wall Street Zen

Olaplex (NASDAQ:OLPX) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other equities analysts have also issued reports on OLPX. Northland Securities began coverage on Olaplex in a research note on Thursday, November 20th. They set an “outperform” rating and a $2.00 price target on the stock. Barclays set a $1.75 target price on shares of Olaplex in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olaplex in a research note on Thursday, January 22nd. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research note on Friday, November 7th. Finally, Zacks Research cut shares of Olaplex from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1.85.

Olaplex Stock Performance

OLPX stock opened at $1.56 on Friday. The company has a 50 day moving average price of $1.48 and a 200 day moving average price of $1.34. Olaplex has a fifty-two week low of $0.99 and a fifty-two week high of $1.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.16 and a quick ratio of 3.52. The stock has a market capitalization of $1.04 billion, a PE ratio of 78.00 and a beta of 2.26.

Institutional Investors Weigh In On Olaplex

Several large investors have recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Olaplex during the second quarter worth $25,000. Headlands Technologies LLC acquired a new stake in Olaplex during the 4th quarter worth $25,000. Chilton Capital Management LLC bought a new position in Olaplex during the third quarter worth about $26,000. Schonfeld Strategic Advisors LLC acquired a new position in Olaplex in the third quarter valued at about $30,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Olaplex in the third quarter worth about $32,000. Institutional investors own 87.37% of the company’s stock.

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.