Olaplex Holdings, Inc. (NASDAQ:OLPX – Get Free Report)’s share price fell 3.2% during mid-day trading on Wednesday . The company traded as low as $1.49 and last traded at $1.50. 1,467,641 shares changed hands during trading, a decline of 31% from the average session volume of 2,139,126 shares. The stock had previously closed at $1.55.
Analyst Upgrades and Downgrades
OLPX has been the subject of a number of recent research reports. Piper Sandler upgraded Olaplex from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $1.25 to $2.00 in a research note on Tuesday, March 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research note on Thursday, May 2nd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.51.
Olaplex Stock Performance
The company has a debt-to-equity ratio of 0.76, a quick ratio of 9.12 and a current ratio of 10.71. The business’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.88. The firm has a market capitalization of $992.70 million, a PE ratio of 21.99 and a beta of 2.41.
Olaplex (NASDAQ:OLPX – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Olaplex had a net margin of 10.91% and a return on equity of 11.61%. The business had revenue of $98.90 million during the quarter, compared to analyst estimates of $95.15 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was down 13.1% on a year-over-year basis. As a group, equities research analysts expect that Olaplex Holdings, Inc. will post 0.14 EPS for the current year.
Insider Activity at Olaplex
In related news, VP Kristi A. Belhumeur sold 42,480 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $1.68, for a total value of $71,366.40. Following the completion of the transaction, the vice president now directly owns 294,553 shares of the company’s stock, valued at $494,849.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.20% of the stock is currently owned by insiders.
Institutional Trading of Olaplex
Institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd lifted its position in shares of Olaplex by 34.6% during the third quarter. Quadrature Capital Ltd now owns 74,057 shares of the company’s stock worth $145,000 after purchasing an additional 19,019 shares during the last quarter. Citigroup Inc. lifted its position in shares of Olaplex by 346.6% during the third quarter. Citigroup Inc. now owns 57,045 shares of the company’s stock worth $111,000 after purchasing an additional 44,271 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Olaplex by 8.9% during the third quarter. Vanguard Group Inc. now owns 9,638,957 shares of the company’s stock worth $18,796,000 after purchasing an additional 787,242 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of Olaplex during the fourth quarter worth $48,000. Finally, HB Wealth Management LLC bought a new stake in shares of Olaplex during the fourth quarter worth $35,000. 87.37% of the stock is currently owned by institutional investors.
Olaplex Company Profile
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.