Olaplex’s (OLPX) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a research note released on Thursday,Benzinga reports. The firm currently has a $3.00 price objective on the stock.

Separately, TD Cowen boosted their price objective on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.42.

Olaplex Trading Up 5.6 %

Shares of NASDAQ OLPX traded up $0.09 during midday trading on Thursday, hitting $1.71. The company’s stock had a trading volume of 3,755,767 shares, compared to its average volume of 2,421,950. The business’s 50 day moving average is $2.17 and its two-hundred day moving average is $1.89. The company has a current ratio of 9.27, a quick ratio of 7.85 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.13 billion, a P/E ratio of 24.71 and a beta of 2.47. Olaplex has a 12-month low of $1.19 and a 12-month high of $2.98.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Olaplex had a return on equity of 11.16% and a net margin of 10.95%. The firm had revenue of $119.10 million during the quarter, compared to the consensus estimate of $126.51 million. During the same period in the previous year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts expect that Olaplex will post 0.14 EPS for the current year.

Insider Buying and Selling

In other news, Director John P. Bilbrey bought 183,493 shares of the stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of $2.05 per share, with a total value of $376,160.65. Following the purchase, the director now directly owns 241,593 shares in the company, valued at $495,265.65. The trade was a 300.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Olaplex

A number of hedge funds have recently modified their holdings of OLPX. Price T Rowe Associates Inc. MD increased its position in shares of Olaplex by 27.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,957 shares of the company’s stock worth $60,000 after purchasing an additional 6,614 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Olaplex by 38.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock valued at $40,000 after purchasing an additional 7,235 shares during the last quarter. Catalina Capital Group LLC lifted its position in shares of Olaplex by 51.3% during the 2nd quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock worth $37,000 after buying an additional 8,172 shares during the last quarter. Sanders Morris Harris LLC grew its position in shares of Olaplex by 2.9% in the 3rd quarter. Sanders Morris Harris LLC now owns 354,000 shares of the company’s stock valued at $832,000 after buying an additional 10,000 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in Olaplex by 57.8% during the 1st quarter. Bleakley Financial Group LLC now owns 28,591 shares of the company’s stock worth $55,000 after acquiring an additional 10,473 shares in the last quarter. Hedge funds and other institutional investors 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.