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

Olaplex Holdings, Inc. (NASDAQ:OLPX) has received an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $1.85.

OLPX has been the topic of several recent research reports. Jefferies Financial Group assumed coverage on Olaplex in a report on Wednesday, January 14th. They set a “hold” rating and a $1.50 price target on the stock. Wall Street Zen lowered shares of Olaplex from a “hold” rating to a “sell” rating in a research note on Saturday, November 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Olaplex in a research note on Thursday, January 22nd. Zacks Research cut shares of Olaplex from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. Finally, Northland Securities initiated coverage on shares of Olaplex in a research report on Thursday, November 20th. They set an “outperform” rating and a $2.00 price objective for the company.

Institutional Trading of Olaplex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd boosted its holdings in shares of Olaplex by 188.1% in the 4th quarter. R Squared Ltd now owns 38,370 shares of the company’s stock valued at $51,000 after buying an additional 25,051 shares in the last quarter. Ninety One UK Ltd lifted its position in Olaplex by 4.1% in the fourth quarter. Ninety One UK Ltd now owns 3,525,027 shares of the company’s stock valued at $4,724,000 after acquiring an additional 139,109 shares during the last quarter. Childress Capital Advisors LLC purchased a new stake in Olaplex in the fourth quarter valued at $99,000. CANADA LIFE ASSURANCE Co boosted its stake in Olaplex by 2,320.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 135,639 shares of the company’s stock valued at $180,000 after acquiring an additional 130,035 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Olaplex by 324.4% during the third quarter. Bank of America Corp DE now owns 260,160 shares of the company’s stock worth $341,000 after purchasing an additional 198,864 shares during the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

Olaplex Stock Up 3.9%

Shares of NASDAQ:OLPX opened at $1.59 on Thursday. The firm has a market capitalization of $1.06 billion, a PE ratio of 76.50 and a beta of 2.26. Olaplex has a 1 year low of $0.99 and a 1 year high of $1.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.16 and a quick ratio of 3.52. The firm’s 50-day moving average is $1.42 and its two-hundred day moving average is $1.34.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Olaplex had a negative net margin of 1.18% and a positive return on equity of 1.31%. The firm had revenue of $114.58 million during the quarter, compared to analysts’ expectations of $109.77 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Analysts predict that Olaplex will post 0.1 EPS for the current 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.