Olaplex Holdings, Inc. (NASDAQ:OLPX – Get Free Report) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $1.9229.
OLPX has been the subject of a number of analyst reports. Telsey Advisory Group raised their target price on shares of Olaplex from $2.00 to $2.06 and gave the company a “market perform” rating in a research note on Friday, March 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a research report on Tuesday, April 21st. Northland Securities downgraded Olaplex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Zacks Research upgraded Olaplex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Canaccord Genuity Group downgraded Olaplex from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th.
View Our Latest Stock Report on OLPX
Insider Activity
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Carmignac Gestion purchased a new stake in shares of Olaplex during the first quarter valued at approximately $1,732,000. Optiver Holding B.V. lifted its position in Olaplex by 999.5% in 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 purchased a new stake in Olaplex during the 1st quarter valued at $1,484,000. Gabelli Funds LLC purchased a new stake in Olaplex during the 1st quarter valued at $998,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Olaplex in the 1st quarter worth $954,000. 87.37% of the stock is owned by hedge funds and other institutional investors.
Olaplex Stock Performance
Shares of NASDAQ:OLPX remained flat at $2.07 during midday trading on Friday. The business has a 50-day moving average price of $2.05 and a two-hundred day moving average price of $1.78. The stock has a market capitalization of $1.39 billion, a P/E ratio of -103.50 and a beta of 1.85. The company has a quick ratio of 5.34, a current ratio of 6.27 and a debt-to-equity ratio of 0.40. Olaplex has a 12-month low of $0.99 and a 12-month high of $2.09.
Olaplex (NASDAQ:OLPX – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Olaplex had a negative net margin of 3.53% and a positive return on equity of 2.23%. The company had revenue of $99.37 million during the quarter, compared to analysts’ expectations of $94.11 million. Olaplex’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts predict that Olaplex will post 0.09 EPS for the current fiscal 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.
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