Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC grew its holdings in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 51.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,088 shares of the company’s stock after purchasing an additional 8,172 shares during the period. Catalina Capital Group LLC’s holdings in Olaplex were worth $37,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Olaplex by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 11,935,003 shares of the company’s stock valued at $22,915,000 after buying an additional 929,693 shares during the last quarter. Sanders Morris Harris LLC acquired a new stake in shares of Olaplex during the 1st quarter worth approximately $660,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Olaplex by 119,729.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 336,722 shares of the company’s stock worth $855,000 after purchasing an additional 336,441 shares during the last quarter. Norden Group LLC acquired a new position in Olaplex during the 1st quarter valued at approximately $563,000. Finally, PEAK6 Investments LLC bought a new position in Olaplex during the 1st quarter worth $232,000. 87.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director John P. Bilbrey acquired 183,493 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was acquired at an average cost 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 approximately $495,265.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on OLPX. 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a report on Tuesday, August 6th. Five 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.com, the company has a consensus rating of “Hold” and a consensus target price of $2.18.

Olaplex Stock Performance

Olaplex stock traded down $0.03 during mid-day trading on Friday, hitting $2.38. 2,216,935 shares of the company’s stock traded hands, compared to its average volume of 2,228,131. Olaplex Holdings, Inc. has a one year low of $1.19 and a one year high of $2.98. The company has a market cap of $1.58 billion, a PE ratio of 34.00 and a beta of 2.42. The firm has a 50 day moving average price of $1.80 and a 200 day moving average price of $1.76. The company has a quick ratio of 7.85, a current ratio of 9.27 and a debt-to-equity ratio of 0.75.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $103.90 million for the quarter, compared to analysts’ expectations of $103.65 million. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The company’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. On average, equities analysts forecast that Olaplex Holdings, Inc. will post 0.14 EPS for the current year.

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.