Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Acquired by State of Wyoming

State of Wyoming lifted its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 53.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 301,253 shares of the company’s stock after buying an additional 105,164 shares during the period. State of Wyoming’s holdings in Olaplex were worth $521,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in shares of Olaplex during the 4th quarter worth $34,000. BNP Paribas Financial Markets acquired a new stake in shares of Olaplex during the 4th quarter worth $35,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Olaplex during the 4th quarter worth $36,000. Parkside Financial Bank & Trust increased its holdings in shares of Olaplex by 290.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company’s stock worth $37,000 after buying an additional 15,911 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Olaplex during the 4th quarter worth $43,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research report on Friday, May 9th. Barclays upped their price target on shares of Olaplex from $1.20 to $1.40 and gave the stock an “equal weight” rating in a research report on Monday, May 12th.

Olaplex Stock Down 2.3%

Shares of Olaplex stock opened at $1.26 on Tuesday. The company has a fifty day moving average price of $1.27 and a 200 day moving average price of $1.55. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. Olaplex Holdings, Inc. has a twelve month low of $1.01 and a twelve month high of $2.77. The stock has a market cap of $838.85 million, a price-to-earnings ratio of 21.00 and a beta of 2.37.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.02). The firm had revenue of $96.98 million during the quarter, compared to analysts’ expectations of $93.82 million. Olaplex had a net margin of 9.78% and a return on equity of 10.50%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. Equities research analysts forecast that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Olaplex

In other Olaplex news, insider Trisha L. Fox sold 26,526 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $1.44, for a total value of $38,197.44. Following the completion of the transaction, the insider now directly owns 461,548 shares of the company’s stock, valued at $664,629.12. This represents a 5.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel John C. Duffy sold 35,013 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $1.44, for a total transaction of $50,418.72. Following the completion of the sale, the general counsel now owns 348,630 shares in the company, valued at approximately $502,027.20. This trade represents a 9.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,269 shares of company stock valued at $103,161 in the last ninety days. Insiders own 4.30% of the company’s stock.

Olaplex 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.