Olaplex’s (OLPX) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $2.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Piper Sandler boosted their target price on shares of Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Barclays cut their price objective on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2.10.

Olaplex Price Performance

Shares of NASDAQ OLPX opened at $1.45 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. The firm has a fifty day moving average of $1.57 and a 200 day moving average of $1.91. The firm has a market cap of $961.24 million, a PE ratio of 24.17 and a beta of 2.45. Olaplex has a one year low of $1.19 and a one year high of $2.77.

Institutional Trading of Olaplex

Large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Olaplex by 181.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 24,500,600 shares of the company’s stock worth $42,387,000 after purchasing an additional 15,800,642 shares during the last quarter. Boston Partners lifted its position in Olaplex by 276.0% during the fourth quarter. Boston Partners now owns 6,674,169 shares of the company’s stock worth $11,257,000 after buying an additional 4,899,171 shares in the last quarter. Ninety One UK Ltd boosted its stake in Olaplex by 99.3% during the fourth quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock worth $7,335,000 after buying an additional 2,112,009 shares during the last quarter. Geode Capital Management LLC grew its holdings in Olaplex by 14.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,708,821 shares of the company’s stock valued at $8,717,000 after buying an additional 468,570 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Olaplex by 9.6% in the 4th quarter. Renaissance Technologies LLC now owns 3,076,969 shares of the company’s stock worth $5,323,000 after acquiring an additional 268,969 shares during the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

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.