Olaplex (NASDAQ:OLPX) General Counsel Sells $43,878.24 in Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John Duffy sold 34,824 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $1.26, for a total transaction of $43,878.24. Following the transaction, the general counsel owned 633,202 shares of the company’s stock, valued at approximately $797,834.52. This represents a 5.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Olaplex Trading Down 3.2%

OLPX opened at $1.20 on Friday. The firm’s fifty day moving average is $1.54 and its two-hundred day moving average is $1.36. 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 cap of $803.28 million, a PE ratio of -120.00 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.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates 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 negative net margin of 2.19% and a positive return on equity of 1.07%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. Equities research analysts anticipate that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Wall Street Analyst Weigh In

OLPX has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Olaplex in a research report on Thursday, January 22nd. Evercore set a $2.50 price objective on shares of Olaplex in a report on Friday, March 6th. Wall Street Zen raised shares of Olaplex from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research note on Monday, March 2nd. Finally, Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Olaplex has an average rating of “Hold” and an average price target of $1.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OLPX. Headlands Technologies LLC bought a new stake in shares of Olaplex in the 4th quarter valued at about $25,000. Chilton Capital Management LLC acquired a new stake in Olaplex in the 3rd quarter valued at about $26,000. Abel Hall LLC bought a new position in Olaplex during the fourth quarter worth about $27,000. Schonfeld Strategic Advisors LLC bought a new position in Olaplex during the third quarter worth about $30,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Olaplex during the third quarter worth approximately $32,000. Institutional investors own 87.37% of the company’s stock.

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.