Olaplex Holdings, Inc. (NASDAQ:OLPX) Receives Average Recommendation of “Hold” from Analysts

Olaplex Holdings, Inc. (NASDAQ:OLPX) has been given a consensus rating of “Hold” by the eight research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $1.85.

OLPX has been the topic of several recent analyst reports. Zacks Research lowered Olaplex from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Northland Capmk upgraded Olaplex to a “strong-buy” rating in a report on Thursday, November 20th. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a report on Wednesday, October 8th. Finally, Barclays reduced their price target on shares of Olaplex from $1.50 to $1.25 and set an “equal weight” rating for the company in a report on Monday, November 10th.

Olaplex Stock Up 1.8%

Olaplex stock opened at $1.12 on Friday. The firm has a market capitalization of $747.61 million, a price-to-earnings ratio of 55.00 and a beta of 2.29. The company’s 50 day simple moving average is $1.18 and its 200 day simple moving average is $1.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.16 and a quick ratio of 3.52. Olaplex has a fifty-two week low of $0.99 and a fifty-two week high of $2.28.

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

Institutional Trading of Olaplex

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its holdings in shares of Olaplex by 80.6% in the first quarter. Hsbc Holdings PLC now owns 35,902 shares of the company’s stock valued at $46,000 after purchasing an additional 16,023 shares during the last quarter. Nuveen LLC bought a new position in Olaplex in the first quarter valued at $428,000. Nantahala Capital Management LLC acquired a new stake in Olaplex in the 1st quarter valued at $826,000. Ninety One UK Ltd lifted its position in Olaplex by 18.5% during the 2nd quarter. Ninety One UK Ltd now owns 3,333,055 shares of the company’s stock worth $4,666,000 after buying an additional 520,011 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Olaplex by 287.6% during the 1st quarter. Russell Investments Group Ltd. now owns 713,320 shares of the company’s stock worth $906,000 after buying an additional 529,269 shares during the last quarter. Institutional investors and hedge funds 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.