GABELLI & Co INVESTMENT ADVISERS INC. Invests $954,000 in Olaplex Holdings, Inc. $OLPX

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 470,148 shares of the company’s stock, valued at approximately $954,000. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.07% of Olaplex as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC acquired a new stake in Olaplex in the first quarter valued at approximately $36,000. Headlands Technologies LLC acquired a new position in shares of Olaplex during the fourth quarter worth $25,000. Abel Hall LLC purchased a new stake in shares of Olaplex during the 4th quarter valued at $27,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Olaplex during the 3rd quarter valued at $30,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Olaplex by 95.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,707 shares of the company’s stock worth $39,000 after purchasing an additional 14,507 shares in the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Analysts Set New Price Targets

OLPX has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a research note on Tuesday, April 21st. Zacks Research upgraded Olaplex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Barclays raised their price target on Olaplex from $1.75 to $2.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 14th. Finally, Telsey Advisory Group boosted their price target on Olaplex from $2.00 to $2.06 and gave the stock a “market perform” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1.92.

Olaplex Price Performance

Shares of OLPX opened at $2.07 on Friday. The firm has a market capitalization of $1.39 billion, a PE ratio of -103.50 and a beta of 1.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 6.27 and a quick ratio of 5.34. Olaplex Holdings, Inc. has a 1-year low of $0.99 and a 1-year high of $2.09. The company’s fifty day moving average price is $2.05 and its 200-day moving average price is $1.83.

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

Insider Activity at Olaplex

In related news, insider Trisha L. Fox sold 16,324 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total value of $33,300.96. Following the sale, the insider 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 4.80% of the stock is owned by company insiders.

About Olaplex

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.