Olaplex (NASDAQ:OLPX) Shares Gap Down – Should You Sell?

Olaplex Holdings, Inc. (NASDAQ:OLPX) gapped down before the market opened on Friday . The stock had previously closed at $1.24, but opened at $1.17. Olaplex shares last traded at $1.2250, with a volume of 700,362 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research note on Monday, March 2nd. Barclays set a $1.75 target price on Olaplex in a report on Friday, January 16th. Wall Street Zen raised Olaplex from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Morgan Stanley set a $1.40 price target on shares of Olaplex in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1.88.

Olaplex Stock Down 1.2%

The company has a debt-to-equity ratio of 0.40, a current ratio of 4.58 and a quick ratio of 4.00. The firm has a market capitalization of $820.02 million, a P/E ratio of -122.50 and a beta of 2.24. The business has a 50 day moving average price of $1.54 and a 200 day moving average price of $1.36.

Olaplex (NASDAQ:OLPX) last announced its earnings results on Thursday, March 5th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $105.12 million during the quarter, compared to the consensus estimate of $104.21 million. Olaplex had a positive return on equity of 1.07% and a negative net margin of 2.19%.The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 EPS. On average, analysts predict that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current year.

Insider Buying and Selling at Olaplex

In other Olaplex news, General Counsel John C. Duffy sold 34,824 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $1.26, for a total value of $43,878.24. Following the sale, the general counsel directly owned 633,202 shares in the company, valued at $797,834.52. This trade represents a 5.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Trisha L. Fox sold 26,426 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1.26, for a total transaction of $33,296.76. Following the transaction, the insider owned 721,169 shares in the company, valued at approximately $908,672.94. The trade was a 3.53% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Olaplex

A number of institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in shares of Olaplex in the 2nd quarter worth approximately $75,000. Dynamic Technology Lab Private Ltd grew its holdings in shares of Olaplex by 139.9% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 93,933 shares of the company’s stock worth $132,000 after purchasing an additional 54,781 shares in the last quarter. Norges Bank bought a new stake in shares of Olaplex during the second quarter valued at approximately $105,000. Creative Planning raised its stake in shares of Olaplex by 35.0% in the second quarter. Creative Planning now owns 37,357 shares of the company’s stock valued at $52,000 after purchasing an additional 9,690 shares in the last quarter. Finally, Jump Financial LLC raised its stake in shares of Olaplex by 193.7% in the fourth quarter. Jump Financial LLC now owns 29,800 shares of the company’s stock valued at $40,000 after purchasing an additional 19,653 shares in the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.

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.