Olaplex (NASDAQ:OLPX) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a report issued on Tuesday, MarketBeat.com reports. They currently have a $2.00 price target on the stock. Telsey Advisory Group also issued estimates for Olaplex’s Q4 2024 earnings at $0.04 EPS and FY2025 earnings at $0.17 EPS.

Olaplex Price Performance

Olaplex stock traded down $0.08 during mid-day trading on Tuesday, reaching $1.89. 1,865,655 shares of the company were exchanged, compared to its average volume of 2,176,628. The company has a fifty day simple moving average of $1.77 and a 200-day simple moving average of $1.79. The firm has a market cap of $1.25 billion, a PE ratio of 27.36 and a beta of 2.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 10.71 and a quick ratio of 9.12. Olaplex has a 12 month low of $1.19 and a 12 month high of $2.98.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Olaplex had a return on equity of 11.61% and a net margin of 10.91%. The business had revenue of $103.90 million during the quarter, compared to the consensus estimate of $103.65 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Olaplex’s revenue for the quarter was down 4.9% compared to the same quarter last year. As a group, equities research analysts expect that Olaplex will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Olaplex

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Olaplex by 8.4% during the first quarter. Vanguard Group Inc. now owns 11,935,003 shares of the company’s stock worth $22,915,000 after purchasing an additional 929,693 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Olaplex by 29.1% in the second quarter. Bank of New York Mellon Corp now owns 942,288 shares of the company’s stock valued at $1,451,000 after buying an additional 212,129 shares in the last quarter. Sanders Morris Harris LLC bought a new position in Olaplex in the first quarter valued at about $660,000. Allspring Global Investments Holdings LLC raised its stake in Olaplex by 119,729.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 336,722 shares of the company’s stock worth $855,000 after acquiring an additional 336,441 shares in the last quarter. Finally, Norden Group LLC acquired a new position in Olaplex during the first quarter worth about $563,000. Institutional investors and hedge funds own 87.37% of the company’s stock.

About Olaplex

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.