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

Telsey Advisory Group reiterated their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a research note published on Thursday morning, Benzinga reports. Telsey Advisory Group currently has a $3.00 price objective on the stock.

Separately, TD Cowen raised their target price on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four research 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 an average price target of $2.42.

Olaplex Stock Performance

Shares of NASDAQ OLPX opened at $1.85 on Thursday. Olaplex has a 1 year low of $1.19 and a 1 year high of $2.98. The firm has a market cap of $1.22 billion, a P/E ratio of 26.43 and a beta of 2.47. The stock has a fifty day moving average price of $2.21 and a two-hundred day moving average price of $1.88. 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 issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The firm had revenue of $103.90 million for the quarter, compared to analysts’ expectations of $103.65 million. During the same period in the previous year, the business earned $0.03 earnings per share. Olaplex’s revenue for the quarter was down 4.9% compared to the same quarter last year. Research analysts forecast that Olaplex will post 0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John P. Bilbrey purchased 183,493 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average price of $2.05 per share, for a total transaction of $376,160.65. Following the completion of the acquisition, the director now directly owns 241,593 shares of the company’s stock, valued at $495,265.65. The trade was a 300.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Ballentine Partners LLC purchased a new position in Olaplex during the 3rd quarter valued at about $28,000. Catalina Capital Group LLC purchased a new position in Olaplex during the first quarter valued at approximately $31,000. Quarry LP acquired a new position in Olaplex in the 2nd quarter valued at approximately $33,000. Vanguard Personalized Indexing Management LLC lifted its position in Olaplex by 38.9% in the 2nd 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, Walleye Trading LLC acquired a new stake in shares of Olaplex during the 1st quarter valued at $53,000. 87.37% of the stock is owned by institutional investors and hedge funds.

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.