Trisha Fox Sells 16,324 Shares of Olaplex (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha Fox sold 16,324 shares of Olaplex stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total value of $33,300.96. Following the completion of the transaction, the insider directly owned 1,064,039 shares of the company’s stock, valued at approximately $2,170,639.56. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Olaplex Stock Performance

OLPX stock opened at $2.05 on Friday. The stock has a 50-day moving average price of $1.95 and a 200-day moving average price of $1.59. Olaplex Holdings, Inc. has a 1-year low of $0.99 and a 1-year high of $2.06. The company has a current ratio of 6.27, a quick ratio of 5.34 and a debt-to-equity ratio of 0.40. The firm has a market cap of $1.38 billion, a PE ratio of -102.50 and a beta of 1.87.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Olaplex had a positive return on equity of 2.23% and a negative net margin of 3.53%.The firm had revenue of $99.37 million during the quarter, compared to analyst estimates of $94.11 million. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts expect that Olaplex Holdings, Inc. will post 0.09 earnings per share for the current year.

Institutional Trading of Olaplex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Groupe la Francaise bought a new stake in Olaplex in the 1st quarter valued at about $1,484,000. Gabelli Funds LLC bought a new stake in Olaplex in the 1st quarter valued at about $998,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Olaplex in the 1st quarter valued at about $954,000. PSquared Asset Management AG bought a new stake in Olaplex in the 1st quarter valued at about $2,874,000. Finally, Bank of New York Mellon Corp increased its position in Olaplex by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 666,886 shares of the company’s stock valued at $1,354,000 after buying an additional 21,085 shares in the last quarter. 87.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on OLPX shares. Wall Street Zen raised Olaplex from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Northland Securities lowered Olaplex from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Barclays lifted their price objective on Olaplex from $1.75 to $2.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 14th. Canaccord Genuity Group lowered Olaplex from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olaplex in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Olaplex currently has a consensus rating of “Hold” and an average price target of $1.92.

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.