Olaplex (NASDAQ:OLPX) Stock Price Down 5.2% – Time to Sell?

Olaplex Holdings, Inc. (NASDAQ:OLPX)’s share price was down 5.2% during trading on Tuesday . The company traded as low as $1.98 and last traded at $2.00. Approximately 724,612 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 2,422,033 shares. The stock had previously closed at $2.11.

Analysts Set New Price Targets

A number of equities analysts recently commented on OLPX shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $3.00 price objective on shares of Olaplex in a research note on Thursday, November 7th. TD Cowen raised their price objective on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Barclays decreased their price objective on shares of Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.30.

Olaplex Stock Down 4.3 %

The business’s 50 day simple moving average is $2.08 and its 200-day simple moving average is $1.92. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 35.17 and a beta of 2.47. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Olaplex had a net margin of 9.78% and a return on equity of 10.50%. The business had revenue of $119.10 million during the quarter, compared to analyst estimates of $126.51 million. During the same quarter in the previous year, the business earned $0.05 EPS. Olaplex’s quarterly revenue was down 3.6% compared to the same quarter last year. Sell-side analysts expect that Olaplex Holdings, Inc. will post 0.11 earnings per share for the current year.

Insider Activity at Olaplex

In other Olaplex news, Director John P. Bilbrey acquired 51,697 shares of Olaplex stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $1.75 per share, with a total value of $90,469.75. Following the purchase, the director now owns 318,418 shares in the company, valued at approximately $557,231.50. This trade represents a 19.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Ballentine Partners LLC bought a new position in Olaplex in the 3rd quarter worth $28,000. Quarry LP bought a new position in Olaplex in the 2nd quarter worth $33,000. Catalina Capital Group LLC raised its holdings in Olaplex by 51.3% in the 2nd quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock worth $37,000 after acquiring an additional 8,172 shares during the period. Cinctive Capital Management LP bought a new position in Olaplex in the 3rd quarter worth $38,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Olaplex by 38.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock worth $40,000 after acquiring an additional 7,235 shares during the period. Institutional investors 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.