Olaplex (NASDAQ:OLPX) Shares Up 4.5% – What’s Next?

Olaplex Holdings, Inc. (NASDAQ:OLPX)’s share price shot up 4.5% during mid-day trading on Tuesday . The stock traded as high as $1.76 and last traded at $1.76. 432,994 shares traded hands during trading, a decline of 82% from the average session volume of 2,423,867 shares. The stock had previously closed at $1.68.

Analyst Ratings Changes

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

Olaplex Price Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 7.85. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 29.17 and a beta of 2.47. The stock has a 50-day moving average price of $2.13 and a 200 day moving average price of $1.90.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $119.10 million for the quarter, compared to analyst estimates of $126.51 million. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. As a group, equities research analysts forecast that Olaplex Holdings, Inc. will post 0.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Olaplex

In related news, Director John P. Bilbrey purchased 183,493 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of $2.05 per share, with a total value of $376,160.65. Following the completion of the acquisition, the director now directly owns 241,593 shares in the company, valued at $495,265.65. This represents a 300.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Olaplex

Several hedge funds have recently modified their holdings of OLPX. Price T Rowe Associates Inc. MD boosted its holdings in shares of Olaplex by 27.2% in 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 in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Olaplex by 38.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock worth $40,000 after buying an additional 7,235 shares in the last quarter. Catalina Capital Group LLC boosted its stake in shares of Olaplex by 51.3% in the second quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock valued at $37,000 after buying an additional 8,172 shares in the last quarter. Sanders Morris Harris LLC boosted its stake in shares of Olaplex by 2.9% in the third quarter. Sanders Morris Harris LLC now owns 354,000 shares of the company’s stock valued at $832,000 after buying an additional 10,000 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in Olaplex by 57.8% during the first quarter. Bleakley Financial Group LLC now owns 28,591 shares of the company’s stock worth $55,000 after acquiring an additional 10,473 shares during the period. 87.37% of the stock is owned by institutional investors and hedge funds.

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.