Telsey Advisory Group Reiterates “Market Perform” Rating for Olaplex (NASDAQ:OLPX)

Olaplex (NASDAQ:OLPX)‘s stock had its “market perform” rating reissued by equities research analysts at Telsey Advisory Group in a report released on Friday,Benzinga reports. They presently have a $2.00 price objective on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 92.31% from the company’s current price.

Several other research firms have also commented on OLPX. Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a research report on Wednesday, October 8th. Zacks Research lowered Olaplex from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Wall Street Zen raised Olaplex from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Canaccord Genuity Group raised Olaplex from a “hold” rating to a “buy” rating and upped their target price for the company from $1.50 to $2.00 in a research report on Monday, August 25th. Finally, Barclays upped their target price on Olaplex from $1.40 to $1.50 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Olaplex presently has an average rating of “Reduce” and a consensus price target of $1.88.

Olaplex Stock Down 1.0%

Shares of NASDAQ:OLPX opened at $1.04 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.20 and a current ratio of 3.86. Olaplex has a 1 year low of $1.01 and a 1 year high of $2.28. The stock has a market capitalization of $693.76 million, a P/E ratio of 26.25 and a beta of 2.31. The stock has a 50-day simple moving average of $1.31 and a 200-day simple moving average of $1.35.

Olaplex (NASDAQ:OLPX) last issued its earnings results on Thursday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $106.28 million for the quarter, compared to analysts’ expectations of $100.30 million. Olaplex had a positive return on equity of 3.32% and a negative net margin of 0.30%.The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS. Olaplex has set its FY 2025 guidance at EPS. Equities analysts forecast that Olaplex will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Olaplex

Several institutional investors and hedge funds have recently made changes to their positions in the company. Chilton Capital Management LLC acquired a new stake in shares of Olaplex during the 3rd quarter valued at approximately $26,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Olaplex during the 3rd quarter valued at approximately $32,000. SG Americas Securities LLC raised its position in shares of Olaplex by 142.9% during the 3rd quarter. SG Americas Securities LLC now owns 97,914 shares of the company’s stock valued at $128,000 after acquiring an additional 57,604 shares in the last quarter. Ninety One UK Ltd raised its position in shares of Olaplex by 1.6% during the 3rd quarter. Ninety One UK Ltd now owns 3,385,918 shares of the company’s stock valued at $4,436,000 after acquiring an additional 52,863 shares in the last quarter. Finally, CWM LLC raised its position in shares of Olaplex by 506.8% during the 3rd quarter. CWM LLC now owns 47,000 shares of the company’s stock valued at $62,000 after acquiring an additional 39,254 shares in the last quarter. 87.37% of the stock is owned by institutional investors and hedge funds.

Olaplex Company Profile

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.