Olaplex (NASDAQ:OLPX) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a research note released on Thursday, Benzinga reports. Telsey Advisory Group currently has a $2.00 price objective on the stock.

Other equities analysts have also issued reports about the company. Piper Sandler upgraded Olaplex from an underweight rating to a neutral rating and boosted their target price for the stock from $1.25 to $2.00 in a research report on Tuesday, March 19th. Truist Financial lowered their target price on shares of Olaplex from $7.00 to $3.00 and set a buy rating for the company in a research note on Monday, March 4th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Olaplex presently has an average rating of Hold and a consensus target price of $2.59.

Olaplex Trading Down 1.8 %

Olaplex stock traded down $0.03 during trading hours on Thursday, reaching $1.61. 1,534,299 shares of the company’s stock traded hands, compared to its average volume of 2,190,349. Olaplex has a fifty-two week low of $1.19 and a fifty-two week high of $4.27. The firm’s 50 day moving average is $1.67 and its 200-day moving average is $1.96. 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 firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 23.00 and a beta of 2.34.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Olaplex had a net margin of 10.91% and a return on equity of 11.68%. The firm had revenue of $98.90 million for the quarter, compared to analysts’ expectations of $95.15 million. During the same period last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. On average, analysts predict that Olaplex will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Olaplex

Several large investors have recently made changes to their positions in OLPX. Catalina Capital Group LLC acquired a new stake in Olaplex in the 1st quarter valued at approximately $31,000. Norden Group LLC acquired a new position in Olaplex during the first quarter worth $70,000. HB Wealth Management LLC grew its holdings in shares of Olaplex by 115.0% in the 1st quarter. HB Wealth Management LLC now owns 29,575 shares of the company’s stock valued at $57,000 after acquiring an additional 15,821 shares in the last quarter. Simplicity Wealth LLC bought a new stake in Olaplex during the first quarter worth about $55,000. Finally, Sanders Morris Harris LLC acquired a new position in Olaplex during the first quarter valued at approximately $660,000. Institutional investors own 87.37% of the company’s stock.

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.