Olaplex Holdings, Inc. (NASDAQ:OLPX) Director Purchases $44,225.28 in Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) Director John P. Bilbrey bought 25,128 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $1.76 per share, for a total transaction of $44,225.28. Following the acquisition, the director now directly owns 266,721 shares in the company, valued at $469,428.96. The trade was a 10.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Olaplex Stock Up 4.0 %

OLPX opened at $1.82 on Thursday. Olaplex Holdings, Inc. has a 12 month low of $1.19 and a 12 month high of $2.98. The company has a market cap of $1.21 billion, a PE ratio of 30.34 and a beta of 2.47. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average of $2.10 and a 200 day moving average of $1.91.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $119.10 million during the quarter, compared to analysts’ expectations of $126.51 million. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. On average, sell-side analysts expect that Olaplex Holdings, Inc. will post 0.11 EPS for the current year.

Hedge Funds Weigh In On Olaplex

A number of large investors have recently modified their holdings of OLPX. Ballentine Partners LLC bought a new stake in Olaplex during the 3rd quarter worth approximately $28,000. Cinctive Capital Management LP bought a new position in shares of Olaplex in the third quarter worth $38,000. Abel Hall LLC raised its position in shares of Olaplex by 68.1% in the third quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock worth $43,000 after buying an additional 7,397 shares in the last quarter. Quarry LP bought a new stake in Olaplex during the second quarter valued at $33,000. Finally, Catalina Capital Group LLC grew its position in Olaplex by 51.3% during the second 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 in the last quarter. 87.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on OLPX. TD Cowen increased their price objective on shares of Olaplex from $1.80 to $2.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Telsey Advisory Group restated a “market perform” rating and issued a $3.00 price objective on shares of Olaplex in a research note on Thursday, November 7th. Finally, Barclays lowered their target price on Olaplex from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.30.

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.