Olaplex Holdings, Inc. (NASDAQ:OLPX) Receives Consensus Recommendation of “Hold” from Brokerages

Olaplex Holdings, Inc. (NASDAQ:OLPX) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $1.8871.

A number of equities analysts have weighed in on OLPX shares. Jefferies Financial Group reiterated a “buy” rating on shares of Olaplex in a research report on Wednesday, March 4th. Telsey Advisory Group upped their price target on shares of Olaplex from $2.00 to $2.06 and gave the stock a “market perform” rating in a report on Friday, March 27th. Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Wall Street Zen upgraded Olaplex from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Canaccord Genuity Group lowered Olaplex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th.

Insider Transactions at Olaplex

In related news, CFO Catherine Dunleavy sold 93,809 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $1.26, for a total value of $118,199.34. Following the transaction, the chief financial officer directly owned 3,026,885 shares in the company, valued at approximately $3,813,875.10. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John C. Duffy sold 34,962 shares of the firm’s stock in a transaction that occurred 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 sale, 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 215,442 shares of company stock valued at $271,457. 4.30% of the stock is owned by corporate insiders.

Institutional Trading of Olaplex

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fund 1 Investments LLC bought a new stake in shares of Olaplex in the 4th quarter valued at about $1,023,000. Abel Hall LLC bought a new stake in shares of Olaplex in the 4th quarter worth approximately $27,000. Jump Financial LLC increased its stake in shares of Olaplex by 193.7% during the fourth quarter. Jump Financial LLC now owns 29,800 shares of the company’s stock valued at $40,000 after buying an additional 19,653 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Olaplex by 284.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,909,836 shares of the company’s stock valued at $2,559,000 after acquiring an additional 1,413,423 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Olaplex by 9.5% during the fourth quarter. Barclays PLC now owns 245,088 shares of the company’s stock valued at $328,000 after acquiring an additional 21,292 shares in the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Olaplex Price Performance

OLPX stock opened at $2.03 on Friday. The business has a 50-day simple moving average of $1.55 and a two-hundred day simple moving average of $1.37. Olaplex has a 52-week low of $0.99 and a 52-week high of $2.04. The company has a market capitalization of $1.36 billion, a P/E ratio of -203.00 and a beta of 2.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.00 and a current ratio of 4.58.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Olaplex had a negative net margin of 2.19% and a positive return on equity of 1.07%. The business had revenue of $105.12 million during the quarter, compared to the consensus estimate of $104.21 million. During the same period in the prior year, the firm posted $0.01 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts expect that Olaplex will post 0.1 EPS for the current fiscal year.

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.