Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX – Get Free Report) rose 6% during mid-day trading on Thursday . The company traded as high as $1.94 and last traded at $1.93. Approximately 894,121 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 1,949,227 shares. The stock had previously closed at $1.82.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Piper Sandler upgraded Olaplex from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $1.25 to $2.00 in a research note on Tuesday, March 19th. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research report on Thursday, February 29th. Finally, Truist Financial reduced their price objective on Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.59.
Olaplex Stock Up 5.5 %
The company has a debt-to-equity ratio of 0.77, a quick ratio of 9.21 and a current ratio of 10.92. The stock has a 50 day moving average price of $2.05 and a 200 day moving average price of $2.05. The company has a market cap of $1.27 billion, a P/E ratio of 20.22 and a beta of 2.27.
Olaplex (NASDAQ:OLPX – Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Olaplex had a return on equity of 13.09% and a net margin of 13.44%. The company had revenue of $111.72 million for the quarter, compared to the consensus estimate of $108.29 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. Research analysts expect that Olaplex Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. American International Group Inc. raised its position in Olaplex by 98.6% during the second quarter. American International Group Inc. now owns 1,940 shares of the company’s stock valued at $27,000 after buying an additional 963 shares during the period. Captrust Financial Advisors raised its position in Olaplex by 156.2% during the second quarter. Captrust Financial Advisors now owns 1,998 shares of the company’s stock valued at $28,000 after buying an additional 1,218 shares during the period. Rhumbline Advisers raised its position in Olaplex by 2.4% during the first quarter. Rhumbline Advisers now owns 62,830 shares of the company’s stock valued at $982,000 after buying an additional 1,456 shares during the period. Wells Fargo & Company MN raised its position in Olaplex by 26.4% during the fourth quarter. Wells Fargo & Company MN now owns 8,345 shares of the company’s stock valued at $43,000 after buying an additional 1,744 shares during the period. Finally, First Manhattan Co. raised its position in Olaplex by 6,000.0% during the first quarter. First Manhattan Co. now owns 2,135 shares of the company’s stock valued at $33,000 after buying an additional 2,100 shares during the period. 87.37% of the stock is owned by institutional investors and hedge funds.
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.