Olaplex Holdings, Inc. (NASDAQ:OLPX) Short Interest Update

Olaplex Holdings, Inc. (NASDAQ:OLPX) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 17,240,000 shares, an increase of 19.5% from the August 15th total of 14,430,000 shares. Approximately 13.6% of the shares of the company are short sold. Based on an average daily trading volume, of 2,620,000 shares, the short-interest ratio is currently 6.6 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a research report on Tuesday, August 6th. TD Cowen raised their target price on Olaplex from $1.80 to $2.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.18.

Olaplex Price Performance

Shares of NASDAQ:OLPX traded up $0.21 on Friday, reaching $2.42. 2,186,759 shares of the company traded hands, compared to its average volume of 2,211,077. The stock has a market capitalization of $1.60 billion, a PE ratio of 34.57 and a beta of 2.42. The company has a debt-to-equity ratio of 0.75, a current ratio of 9.27 and a quick ratio of 7.85. The company’s 50 day moving average is $1.99 and its 200-day moving average is $1.77. Olaplex has a fifty-two week low of $1.19 and a fifty-two week high of $2.98.

Olaplex (NASDAQ:OLPX) last issued its earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, hitting 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%. During the same quarter last year, the firm posted $0.03 earnings per share. Olaplex’s revenue was down 4.9% compared to the same quarter last year. As a group, analysts anticipate that Olaplex will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Olaplex

In related news, Director John P. Bilbrey acquired 183,493 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 241,593 shares in the company, valued at $495,265.65. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

Institutional Trading of Olaplex

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Olaplex by 27.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,957 shares of the company’s stock worth $60,000 after acquiring an additional 6,614 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Olaplex by 38.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock valued at $40,000 after purchasing an additional 7,235 shares during the period. Catalina Capital Group LLC boosted its position in shares of Olaplex by 51.3% in the 2nd quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock worth $37,000 after purchasing an additional 8,172 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Olaplex by 2,108.4% during the fourth quarter. Quadrant Capital Group LLC now owns 10,048 shares of the company’s stock worth $26,000 after purchasing an additional 9,593 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in Olaplex by 57.8% in the first quarter. Bleakley Financial Group LLC now owns 28,591 shares of the company’s stock valued at $55,000 after purchasing an additional 10,473 shares during the last quarter. 87.37% of the stock is 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.