Barclays Issues Positive Forecast for Olaplex (NASDAQ:OLPX) Stock Price

Olaplex (NASDAQ:OLPX) had its price target upped by investment analysts at Barclays from $1.50 to $1.70 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 1.19% from the company’s current price.

OLPX has been the topic of a number of other reports. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research note on Tuesday. Piper Sandler raised their target price on shares of Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a research report on Monday, January 6th.

Olaplex Stock Up 21.7 %

Shares of OLPX opened at $1.68 on Wednesday. The firm has a 50 day simple moving average of $1.55 and a two-hundred day simple moving average of $1.90. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32. Olaplex has a one year low of $1.19 and a one year high of $2.77. The company has a market cap of $1.11 billion, a P/E ratio of 28.00 and a beta of 2.45.

Institutional Trading of Olaplex

Several hedge funds and other institutional investors have recently made changes to their positions in OLPX. Chemistry Wealth Management LLC bought a new position in Olaplex in the 4th quarter valued at approximately $25,000. Cinctive Capital Management LP acquired a new position in Olaplex in the 3rd quarter valued at approximately $38,000. Abel Hall LLC raised its stake in shares of Olaplex by 68.1% during the third quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock valued at $43,000 after acquiring an additional 7,397 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Olaplex during the fourth quarter worth $34,000. Finally, BNP Paribas Financial Markets acquired a new position in Olaplex during the 4th quarter worth about $35,000. 87.37% of the stock is currently 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.