731,100 Shares in Olaplex Holdings, Inc. $OLPX Acquired by Groupe la Francaise

Groupe la Francaise purchased 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 Securities and Exchange Commission. The fund purchased 731,100 shares of the company’s stock, valued at approximately $1,484,000.

A number of other large investors also recently modified their holdings of the company. Archon Capital Management LLC raised 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 valued at $5,986,000 after purchasing an additional 1,284,557 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Olaplex by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 3,865,034 shares of the company’s stock worth $5,180,000 after purchasing an additional 106,048 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Olaplex by 4.1% during the fourth quarter. Ninety One UK Ltd now owns 3,525,027 shares of the company’s stock worth $4,724,000 after purchasing an additional 139,109 shares in the last quarter. State Street Corp increased its holdings in Olaplex by 3.5% in the fourth quarter. State Street Corp now owns 3,059,988 shares of the company’s stock valued at $4,100,000 after buying an additional 103,875 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Olaplex by 2.1% in the third quarter. Bridgeway Capital Management LLC now owns 2,684,791 shares of the company’s stock valued at $3,517,000 after buying an additional 55,652 shares during the last quarter. 87.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OLPX has been the topic of a number of analyst reports. Zacks Research upgraded Olaplex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Barclays increased their price objective on Olaplex from $1.75 to $2.00 and gave the company an “equal weight” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1.92.

Olaplex Stock Performance

Shares of Olaplex stock opened at $2.07 on Friday. The company has a fifty day simple moving average of $2.06 and a 200-day simple moving average of $1.85. Olaplex Holdings, Inc. has a 12-month low of $0.99 and a 12-month high of $2.09. The company has a current ratio of 6.27, a quick ratio of 5.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -103.50 and a beta of 1.85.

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

Insider Activity

In other Olaplex news, insider Trisha L. Fox sold 16,324 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total transaction of $33,300.96. Following the transaction, the insider owned 1,064,039 shares of the company’s stock, valued at approximately $2,170,639.56. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 4.80% 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.