Olaplex Holdings, Inc. (NASDAQ:OLPX) Given Consensus Rating of “Hold” by Analysts

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

A number of analysts recently weighed in on the stock. Northland Securities lowered shares of Olaplex from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Zacks Research raised shares of Olaplex from a “strong sell” rating to a “hold” rating in a report on Tuesday. Wall Street Zen raised shares of Olaplex from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Canaccord Genuity Group lowered shares of Olaplex from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Olaplex in a report on Wednesday, March 4th.

Insider Transactions at Olaplex

In other news, insider Trisha L. Fox sold 26,426 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $1.26, for a total value of $33,296.76. Following the transaction, the insider owned 721,169 shares of the company’s stock, valued at $908,672.94. This represents a 3.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Catherine Dunleavy sold 93,809 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $1.26, for a total transaction of $118,199.34. Following the completion of the transaction, the chief financial officer directly owned 3,026,885 shares in the company, valued at $3,813,875.10. The trade was a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 215,442 shares of company stock valued at $271,457 in the last quarter. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Olaplex

A number of institutional investors have recently made changes to their positions in the stock. Archon Capital Management LLC increased its holdings in shares of Olaplex by 40.4% in the 4th quarter. Archon Capital Management LLC now owns 4,466,876 shares of the company’s stock worth $5,986,000 after buying an additional 1,284,557 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Olaplex by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 3,865,034 shares of the company’s stock valued at $5,180,000 after purchasing an additional 106,048 shares in the last quarter. Portolan Capital Management LLC boosted its stake in shares of Olaplex by 132.6% in the 3rd quarter. Portolan Capital Management LLC now owns 3,635,124 shares of the company’s stock valued at $4,762,000 after purchasing an additional 2,072,383 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Olaplex by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 3,525,027 shares of the company’s stock valued at $4,724,000 after purchasing an additional 139,109 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Olaplex by 3.5% in the 4th quarter. State Street Corp now owns 3,059,988 shares of the company’s stock valued at $4,100,000 after purchasing an additional 103,875 shares in the last quarter. Institutional investors own 87.37% of the company’s stock.

Olaplex Stock Performance

Olaplex stock opened at $2.03 on Friday. The firm’s 50 day simple moving average is $1.81 and its 200 day simple moving average is $1.52. The company has a current ratio of 6.27, a quick ratio of 4.00 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.36 billion, a PE ratio of -101.50 and a beta of 1.87. Olaplex has a 1-year low of $0.99 and a 1-year high of $2.04.

Olaplex (NASDAQ:OLPX) last posted its earnings results on Monday, May 11th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $99.37 million for the quarter, compared to analyst estimates of $94.11 million. Olaplex had a negative net margin of 3.53% and a positive return on equity of 2.23%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, 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.