Olaplex Holdings, Inc. (NASDAQ:OLPX) Insider Trisha L. Fox Sells 16,840 Shares

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha L. Fox sold 16,840 shares of Olaplex stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1.21, for a total value of $20,376.40. Following the transaction, the insider now owns 763,220 shares in the company, valued at approximately $923,496.20. This represents a 2.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Olaplex Trading Up 6.7%

Shares of NASDAQ:OLPX traded up $0.08 during midday trading on Tuesday, reaching $1.27. 1,413,105 shares of the company’s stock were exchanged, compared to its average volume of 2,154,255. The stock has a market cap of $845.51 million, a price-to-earnings ratio of 21.17 and a beta of 2.37. Olaplex Holdings, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $2.77. The firm’s 50 day simple moving average is $1.26 and its two-hundred day simple moving average is $1.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings results 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). Olaplex had a net margin of 9.78% and a return on equity of 10.50%. The company had revenue of $96.98 million for the quarter, compared to analyst estimates of $93.82 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Olaplex’s revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that Olaplex Holdings, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

OLPX has been the subject of several recent analyst reports. Barclays raised their price objective 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. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price target on shares of Olaplex in a report on Friday, May 9th. Finally, Wall Street Zen raised shares of Olaplex from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Olaplex has a consensus rating of “Hold” and an average target price of $1.85.

Institutional Trading of Olaplex

Institutional investors have recently added to or reduced their stakes in the stock. Ninety One UK Ltd boosted its position in shares of Olaplex by 99.3% during the fourth quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock worth $7,335,000 after buying an additional 2,112,009 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Olaplex during the 4th quarter worth about $43,000. Boston Partners boosted its holdings in Olaplex by 276.0% during the 4th quarter. Boston Partners now owns 6,674,169 shares of the company’s stock valued at $11,257,000 after acquiring an additional 4,899,171 shares during the period. Renaissance Technologies LLC boosted its holdings in Olaplex by 9.6% during the 4th quarter. Renaissance Technologies LLC now owns 3,076,969 shares of the company’s stock valued at $5,323,000 after acquiring an additional 268,969 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Olaplex in the 4th quarter valued at about $34,000. 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.