Parkside Financial Bank & Trust Increases Stake in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Parkside Financial Bank & Trust boosted its stake in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 290.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,395 shares of the company’s stock after buying an additional 15,911 shares during the period. Parkside Financial Bank & Trust’s holdings in Olaplex were worth $37,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 468,570 shares during the period. Jane Street Group LLC lifted its position in Olaplex by 5,728.5% during the third quarter. Jane Street Group LLC now owns 2,633,397 shares of the company’s stock valued at $6,188,000 after buying an additional 2,588,216 shares during the period. Franklin Resources Inc. bought a new stake in shares of Olaplex during the 3rd quarter valued at $664,000. Ninety One UK Ltd grew its position in shares of Olaplex by 99.3% in the 4th 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 period. Finally, Intech Investment Management LLC bought a new position in shares of Olaplex in the 3rd quarter worth about $80,000. 87.37% of the stock is owned by institutional investors.

Olaplex Price Performance

OLPX opened at $1.38 on Tuesday. The company’s 50-day simple moving average is $1.55 and its two-hundred day simple moving average is $1.91. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.77. The stock has a market capitalization of $914.83 million, a P/E ratio of 23.00 and a beta of 2.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on OLPX shares. Barclays dropped their price target on Olaplex from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Piper Sandler boosted their target price on Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $2.00 price target on shares of Olaplex in a report on Tuesday, February 25th. Four investment 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 a consensus rating of “Hold” and an average target price of $2.10.

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.