Olaplex Holdings, Inc. (NASDAQ:OLPX) Receives $2.18 Consensus Target Price from Analysts

Olaplex Holdings, Inc. (NASDAQ:OLPX) has been given an average rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $2.18.

A number of equities research analysts have issued reports on OLPX shares. TD Cowen upped their target price on Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research report on Tuesday, August 6th.

Olaplex Trading Up 9.5 %

Shares of NASDAQ OLPX opened at $2.42 on Monday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 34.57 and a beta of 2.42. The business has a 50 day simple moving average of $1.99 and a 200 day simple moving average of $1.77. Olaplex has a 52 week low of $1.19 and a 52 week high of $2.98. The company has a debt-to-equity ratio of 0.75, a quick ratio of 7.85 and a current ratio of 9.27.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $103.90 million during the quarter, compared to analysts’ expectations of $103.65 million. Olaplex had a return on equity of 11.16% and a net margin of 10.95%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. On average, research analysts predict that Olaplex will post 0.14 earnings per share for the current fiscal year.

Insider Activity

In other Olaplex news, Director John P. Bilbrey bought 183,493 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of $2.05 per share, for a total transaction of $376,160.65. Following the transaction, the director now owns 241,593 shares in the company, valued at $495,265.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Olaplex

Institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its stake in shares of Olaplex by 2,108.4% in the 4th quarter. Quadrant Capital Group LLC now owns 10,048 shares of the company’s stock valued at $26,000 after purchasing an additional 9,593 shares in the last quarter. Catalina Capital Group LLC acquired a new position in Olaplex in the first quarter valued at about $31,000. Quarry LP bought a new stake in Olaplex during the second quarter worth about $33,000. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Olaplex by 38.9% during the second 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. Finally, SG Americas Securities LLC bought a new stake in Olaplex during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 87.37% of the company’s stock.

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.