Olaplex (NASDAQ:OLPX) Insider Trisha Fox Sells 25,421 Shares

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha Fox sold 25,421 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $1.26, for a total transaction of $32,030.46. Following the transaction, the insider directly owned 1,080,363 shares in the company, valued at approximately $1,361,257.38. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Olaplex Price Performance

Shares of OLPX stock opened at $1.25 on Tuesday. The firm has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.35. The company has a market capitalization of $836.75 million, a PE ratio of -125.00 and a beta of 2.24. Olaplex Holdings, Inc. has a twelve month low of $0.99 and a twelve month high of $1.84. The company has a current ratio of 4.58, a quick ratio of 4.00 and a debt-to-equity ratio of 0.40.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Olaplex had a negative net margin of 2.19% and a positive return on equity of 1.07%. The firm had revenue of $105.12 million for the quarter, compared to the consensus estimate of $104.21 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on OLPX. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research note on Monday, March 2nd. Evercore set a $2.50 price objective on Olaplex in a research note on Friday, March 6th. Northland Securities started coverage on Olaplex in a report on Thursday, November 20th. They set an “outperform” rating and a $2.00 price objective on the stock. Morgan Stanley set a $1.40 target price on Olaplex in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Olaplex in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1.88.

Hedge Funds Weigh In On Olaplex

Several large investors have recently modified their holdings of the stock. Portolan Capital Management LLC grew its stake in Olaplex by 132.6% in the third quarter. Portolan Capital Management LLC now owns 3,635,124 shares of the company’s stock worth $4,762,000 after purchasing an additional 2,072,383 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Olaplex by 284.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,909,836 shares of the company’s stock valued at $2,559,000 after buying an additional 1,413,423 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Olaplex by 1,314.1% during the second quarter. Balyasny Asset Management L.P. now owns 1,508,013 shares of the company’s stock valued at $2,111,000 after buying an additional 1,401,369 shares in the last quarter. Archon Capital Management LLC lifted its holdings in Olaplex by 40.4% during 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. Finally, Bridgeway Capital Management LLC lifted its holdings in Olaplex by 56.2% during the 2nd quarter. Bridgeway Capital Management LLC now owns 2,629,139 shares of the company’s stock worth $3,681,000 after buying an additional 946,265 shares during the last quarter. Institutional investors own 87.37% of the company’s stock.

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.