Olaplex Holdings, Inc. (NASDAQ:OLPX) Receives $1.92 Consensus Price Target from Brokerages

Olaplex Holdings, Inc. (NASDAQ:OLPX) has earned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $1.9229.

OLPX has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Olaplex from $1.75 to $2.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 14th. Zacks Research upgraded shares of Olaplex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a research note on Tuesday, April 21st.

Insider Transactions at Olaplex

In other Olaplex news, insider Trisha L. Fox sold 16,324 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total transaction of $33,300.96. Following the completion of the sale, the insider directly owned 1,064,039 shares in the company, valued at $2,170,639.56. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Carmignac Gestion purchased a new stake in Olaplex during the first quarter worth approximately $1,732,000. Optiver Holding B.V. raised its stake in shares of 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 during the period. Groupe la Francaise acquired a new position in shares of Olaplex during the 1st quarter valued at $1,484,000. Gabelli Funds LLC acquired a new position in shares of Olaplex during the 1st quarter valued at $998,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Olaplex during the 1st quarter worth $954,000. 87.37% of the stock is owned by institutional investors and hedge funds.

Olaplex Stock Performance

NASDAQ:OLPX opened at $2.07 on Thursday. Olaplex has a 52-week low of $0.99 and a 52-week high of $2.09. The company has a quick ratio of 5.34, a current ratio of 6.27 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $2.06 and a 200-day simple moving average of $1.86. The company has a market capitalization of $1.39 billion, a PE ratio of -103.50 and a beta of 1.85.

Olaplex (NASDAQ:OLPX) last announced its earnings results on Monday, May 11th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $99.37 million during the quarter, compared to the consensus estimate of $94.11 million. Olaplex had a negative net margin of 3.53% and a positive return on equity of 2.23%. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Olaplex will post 0.09 earnings per share for the current fiscal year.

Olaplex Company Profile

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.