Olaplex (NASDAQ:OLPX – Get Rating) had its price target reduced by stock analysts at Cowen from $33.00 to $22.00 in a research note issued on Thursday, Stock Target Advisor reports. Cowen’s price target would suggest a potential upside of 71.47% from the company’s current price.
Several other equities research analysts have also weighed in on OLPX. Zacks Investment Research raised shares of Olaplex from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, April 27th. JPMorgan Chase & Co. upped their target price on shares of Olaplex from $23.00 to $24.00 in a report on Thursday, April 14th. Jefferies Financial Group raised shares of Olaplex from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, February 23rd. Piper Sandler decreased their price objective on shares of Olaplex from $36.00 to $30.00 and set an “overweight” rating on the stock in a report on Tuesday, April 19th. Finally, Morgan Stanley decreased their price objective on shares of Olaplex from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Thursday, March 10th. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $28.71.
NASDAQ:OLPX traded up $0.56 during trading hours on Thursday, hitting $12.83. 57,019 shares of the company traded hands, compared to its average volume of 2,402,196. Olaplex has a twelve month low of $11.73 and a twelve month high of $30.41. The firm has a 50-day moving average of $15.01 and a 200 day moving average of $20.88. The company has a debt-to-equity ratio of 1.41, a current ratio of 4.60 and a quick ratio of 3.25.
Olaplex (NASDAQ:OLPX – Get Rating) last released its earnings results on Wednesday, May 11th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. Analysts anticipate that Olaplex will post 0.54 earnings per share for the current year.
In other news, CFO Eric Tiziani bought 20,000 shares of the company’s stock in a transaction dated Thursday, March 10th. The stock was bought at an average price of $14.78 per share, with a total value of $295,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
A number of hedge funds have recently bought and sold shares of the stock. Citigroup Inc. raised its stake in Olaplex by 179.3% in the first quarter. Citigroup Inc. now owns 43,136 shares of the company’s stock valued at $674,000 after purchasing an additional 27,690 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Olaplex during the first quarter worth about $158,000. Oarsman Capital Inc. acquired a new position in Olaplex during the first quarter worth about $465,000. Raymond James & Associates raised its stake in Olaplex by 100.1% during the first quarter. Raymond James & Associates now owns 464,066 shares of the company’s stock worth $7,253,000 after acquiring an additional 232,177 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Olaplex by 13,198.8% during the first quarter. JPMorgan Chase & Co. now owns 227,276 shares of the company’s stock worth $3,551,000 after acquiring an additional 225,567 shares in the last quarter. 91.10% of the stock is owned by institutional investors and hedge funds.
About Olaplex (Get Rating)
Olaplex Holdings, Inc manufactures and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair. It provides hair care products to professional hair salons, retailers, and everyday consumers. The company was founded in 2014 and is based in Santa Barbara, California.