Olaplex (NASDAQ:OLPX) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a research report released on Friday morning, Benzinga reports. Telsey Advisory Group currently has a $2.00 price target on the stock.

Separately, Piper Sandler raised Olaplex from an underweight rating to a neutral rating and increased their target price for the stock from $1.25 to $2.00 in a report on Tuesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $2.51.

Olaplex Stock Down 2.4 %

Shares of OLPX stock opened at $1.61 on Friday. Olaplex has a one year low of $1.19 and a one year high of $4.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 10.71 and a quick ratio of 9.12. The stock has a fifty day moving average price of $1.63 and a 200 day moving average price of $1.83. The stock has a market cap of $1.07 billion, a P/E ratio of 23.00 and a beta of 2.41.

Olaplex (NASDAQ:OLPX) last issued its earnings results on Thursday, May 2nd. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. Olaplex had a net margin of 10.91% and a return on equity of 11.61%. The business had revenue of $98.90 million for the quarter, compared to analyst estimates of $95.15 million. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue was down 13.1% on a year-over-year basis. Analysts predict that Olaplex will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Kristi A. Belhumeur sold 42,480 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $1.68, for a total value of $71,366.40. Following the completion of the sale, the vice president now directly owns 294,553 shares in the company, valued at $494,849.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.20% of the company’s stock.

Institutional Trading of Olaplex

Several hedge funds have recently modified their holdings of OLPX. Waldron Private Wealth LLC lifted its holdings in Olaplex by 62.0% during the 4th quarter. Waldron Private Wealth LLC now owns 16,227 shares of the company’s stock worth $41,000 after buying an additional 6,213 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Olaplex by 27.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 30,957 shares of the company’s stock valued at $60,000 after acquiring an additional 6,614 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Olaplex by 2,108.4% during the fourth quarter. Quadrant Capital Group LLC now owns 10,048 shares of the company’s stock valued at $26,000 after acquiring an additional 9,593 shares during the period. Bleakley Financial Group LLC boosted its holdings in Olaplex by 57.8% in the first quarter. Bleakley Financial Group LLC now owns 28,591 shares of the company’s stock valued at $55,000 after acquiring an additional 10,473 shares during the last quarter. Finally, Quent Capital LLC raised its holdings in Olaplex by 2,463.8% during the 4th quarter. Quent Capital LLC now owns 11,178 shares of the company’s stock worth $28,000 after purchasing an additional 10,742 shares during the last quarter. 87.37% of the stock is owned by institutional investors.

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.