Olaplex (NASDAQ:OLPX) General Counsel John Duffy Sells 34,962 Shares

Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John Duffy sold 34,962 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $1.26, for a total transaction of $44,052.12. Following the completion of the transaction, the general counsel directly owned 982,855 shares in the company, valued at $1,238,397.30. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Olaplex Stock Performance

NASDAQ:OLPX traded up $0.05 during mid-day trading on Monday, reaching $1.25. The stock had a trading volume of 1,389,924 shares, compared to its average volume of 1,785,522. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.00 and a current ratio of 4.58. The firm has a market capitalization of $836.75 million, a price-to-earnings ratio of -125.00 and a beta of 2.24. Olaplex Holdings, Inc. has a twelve month low of $0.99 and a twelve month high of $1.84. The business has a 50 day simple moving average of $1.54 and a 200 day simple moving average of $1.36.

Olaplex (NASDAQ:OLPX) last released its earnings results on Thursday, March 5th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $105.12 million for the quarter, compared to analysts’ expectations of $104.21 million. Olaplex had a positive return on equity of 1.07% and a negative net margin of 2.19%.The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. On average, analysts expect that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on OLPX shares. Evercore set a $2.50 price objective on Olaplex in a report on Friday, March 6th. Barclays set a $1.75 price objective on shares of Olaplex in a research note on Friday, January 16th. Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Morgan Stanley set a $1.40 price objective on Olaplex in a research report on Tuesday, March 10th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Olaplex in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Olaplex has a consensus rating of “Hold” and an average target price of $1.88.

Institutional Investors Weigh In On Olaplex

Several hedge funds have recently made changes to their positions in the business. Archon Capital Management LLC grew its position in shares of Olaplex by 40.4% in the fourth 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 during the period. Geode Capital Management LLC lifted its position in 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 buying an additional 106,048 shares during the period. Portolan Capital Management LLC boosted its stake in Olaplex by 132.6% in the 3rd quarter. Portolan Capital Management LLC now owns 3,635,124 shares of the company’s stock worth $4,762,000 after buying an additional 2,072,383 shares during the last quarter. Ninety One UK Ltd boosted its stake in Olaplex by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 3,525,027 shares of the company’s stock worth $4,724,000 after buying an additional 139,109 shares during the last quarter. Finally, State Street Corp grew its holdings in Olaplex by 3.5% in the 4th 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 period. Institutional investors and hedge funds own 87.37% 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.