Olaplex Holdings, Inc. (NASDAQ:OLPX) Receives Consensus Recommendation of “Hold” from Analysts

Olaplex Holdings, Inc. (NASDAQ:OLPX) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $1.85.

OLPX has been the subject of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a research report on Thursday, January 22nd. Wall Street Zen lowered Olaplex from a “hold” rating to a “sell” rating in a report on Sunday, February 15th. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a research note on Friday, November 7th. Barclays set a $1.75 price objective on Olaplex in a report on Friday, January 16th. Finally, Jefferies Financial Group started coverage on Olaplex in a report on Wednesday, January 14th. They issued a “hold” rating and a $1.50 target price for the company.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fund 1 Investments LLC acquired a new stake in Olaplex in the fourth quarter valued at approximately $1,023,000. Abel Hall LLC acquired a new position in shares of Olaplex during the fourth quarter worth $27,000. Jump Financial LLC lifted its holdings in shares of Olaplex by 193.7% during the 4th quarter. Jump Financial LLC now owns 29,800 shares of the company’s stock valued at $40,000 after purchasing an additional 19,653 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Olaplex by 284.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,909,836 shares of the company’s stock worth $2,559,000 after purchasing an additional 1,413,423 shares in the last quarter. Finally, Barclays PLC grew its stake in Olaplex by 9.5% during the 4th quarter. Barclays PLC now owns 245,088 shares of the company’s stock worth $328,000 after buying an additional 21,292 shares during the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Olaplex Stock Down 3.6%

NASDAQ:OLPX opened at $1.61 on Monday. The stock has a fifty day simple moving average of $1.54 and a 200-day simple moving average of $1.36. The company has a current ratio of 4.16, a quick ratio of 3.52 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 80.50 and a beta of 2.24. Olaplex has a twelve month low of $0.99 and a twelve month high of $1.84.

Olaplex Company Profile

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.