Olaplex (NASDAQ:OLPX) Shares Gap Up – Still a Buy?

Olaplex Holdings, Inc. (NASDAQ:OLPX)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $1.02, but opened at $1.07. Olaplex shares last traded at $1.0550, with a volume of 182,059 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OLPX. Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a research report on Wednesday, October 8th. Zacks Research downgraded Olaplex from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Barclays decreased their target price on Olaplex from $1.50 to $1.25 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Canaccord Genuity Group upgraded Olaplex from a “hold” rating to a “buy” rating and increased their price target for the stock from $1.50 to $2.00 in a report on Monday, August 25th. Finally, 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, November 7th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $1.81.

Olaplex Stock Performance

The stock’s 50-day moving average price is $1.24 and its 200 day moving average price is $1.34. 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 firm has a market cap of $684.20 million, a P/E ratio of 53.50 and a beta of 2.29.

Olaplex (NASDAQ:OLPX) last released its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Olaplex had a negative net margin of 1.18% and a positive return on equity of 1.31%. The business had revenue of $114.58 million during the quarter, compared to the consensus estimate of $109.77 million. During the same quarter last year, the firm earned $0.04 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. Olaplex has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Olaplex

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas bought a new position in shares of Olaplex in the first quarter valued at $25,000. R Squared Ltd bought a new position in shares of Olaplex in the 2nd quarter valued at about $25,000. Chilton Capital Management LLC acquired a new position in shares of Olaplex during the 3rd quarter worth about $26,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Olaplex during the 3rd quarter worth about $30,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Olaplex in the 3rd quarter valued at about $32,000. Institutional investors own 87.37% of the company’s stock.

About Olaplex

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.