Olaplex (NASDAQ:OLPX) Posts Quarterly Earnings Results

Olaplex (NASDAQ:OLPXGet Free Report) issued its quarterly earnings data on Monday. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, Briefing.com reports. Olaplex had a positive return on equity of 1.07% and a negative net margin of 2.19%.The firm had revenue of $99.37 million during the quarter, compared to analyst estimates of $94.11 million. The business’s revenue was up 2.5% on a year-over-year basis.

Olaplex Trading Down 0.2%

Shares of NASDAQ OLPX traded down $0.01 during midday trading on Monday, hitting $2.04. The company’s stock had a trading volume of 3,110,055 shares, compared to its average volume of 3,811,396. Olaplex has a 12-month low of $0.99 and a 12-month high of $2.04. The company has a current ratio of 4.58, a quick ratio of 4.00 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.37 billion, a P/E ratio of -203.50 and a beta of 1.87. The business’s 50 day moving average is $1.76 and its two-hundred day moving average is $1.49.

Insider Buying and Selling at Olaplex

In other Olaplex news, insider Trisha L. Fox sold 26,426 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $1.26, for a total value of $33,296.76. Following the sale, the insider owned 721,169 shares in the company, valued at $908,672.94. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel John C. Duffy sold 34,962 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $1.26, for a total transaction of $44,052.12. Following the completion of the transaction, the general counsel owned 982,855 shares in the company, valued at approximately $1,238,397.30. The trade was a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 215,442 shares of company stock valued at $271,457 in the last quarter. 4.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its holdings in shares of Olaplex by 284.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,909,836 shares of the company’s stock worth $2,559,000 after buying an additional 1,413,423 shares during the period. Balyasny Asset Management L.P. lifted its stake in Olaplex by 1,314.1% in 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 period. Archon Capital Management LLC grew its holdings in Olaplex by 40.4% during the 4th 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 in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Olaplex by 56.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 2,629,139 shares of the company’s stock valued at $3,681,000 after purchasing an additional 946,265 shares in the last quarter. Finally, Fund 1 Investments LLC purchased a new stake in shares of Olaplex in the 4th quarter worth approximately $1,023,000. Institutional investors own 87.37% of the company’s stock.

Analyst Ratings Changes

OLPX has been the topic of several recent research reports. Telsey Advisory Group upped their price objective on Olaplex from $2.00 to $2.06 and gave the stock a “market perform” rating in a report on Friday, March 27th. Canaccord Genuity Group downgraded shares of Olaplex from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Evercore set a $2.50 target price on shares of Olaplex in a research report on Friday, March 6th. Wall Street Zen upgraded Olaplex from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Olaplex in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $1.92.

Get Our Latest Stock Analysis on OLPX

Olaplex Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Olaplex (NASDAQ:OLPX)

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