Telsey Advisory Group Reaffirms “Market Perform” Rating for Olaplex (NASDAQ:OLPX)

Olaplex (NASDAQ:OLPX)‘s stock had its “market perform” rating reiterated by Telsey Advisory Group in a report issued on Thursday,Benzinga reports. They currently have a $3.00 target price on the stock. Telsey Advisory Group’s price target suggests a potential upside of 75.44% from the stock’s current price.

Separately, TD Cowen boosted their target price on shares of Olaplex from $1.80 to $2.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $2.42.

Olaplex Trading Up 5.6 %

Shares of OLPX stock traded up $0.09 on Thursday, hitting $1.71. 4,008,168 shares of the stock traded hands, compared to its average volume of 1,774,008. The firm’s 50-day moving average price is $2.16 and its two-hundred day moving average price is $1.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 7.85 and a current ratio of 9.27. The stock has a market capitalization of $1.13 billion, a PE ratio of 24.43 and a beta of 2.47. Olaplex has a twelve month low of $1.19 and a twelve month high of $2.98.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The company had revenue of $119.10 million during the quarter, compared to the consensus estimate of $126.51 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, analysts anticipate that Olaplex will post 0.14 EPS for the current year.

Insider Buying and Selling at Olaplex

In other news, Director John P. Bilbrey acquired 183,493 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average price of $2.05 per share, for a total transaction of $376,160.65. Following the completion of the acquisition, the director now owns 241,593 shares of the company’s stock, valued at approximately $495,265.65. This represents a 300.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in Olaplex by 27.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,957 shares of the company’s stock worth $60,000 after purchasing an additional 6,614 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Olaplex by 38.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock valued at $40,000 after acquiring an additional 7,235 shares in the last quarter. Catalina Capital Group LLC raised its stake in shares of Olaplex by 51.3% during the 2nd quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock worth $37,000 after purchasing an additional 8,172 shares in the last quarter. Sanders Morris Harris LLC increased its holdings in shares of Olaplex by 2.9% during the 3rd quarter. Sanders Morris Harris LLC now owns 354,000 shares of the company’s stock worth $832,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its holdings in Olaplex by 57.8% in the 1st quarter. Bleakley Financial Group LLC now owns 28,591 shares of the company’s stock valued at $55,000 after buying an additional 10,473 shares in the last quarter. 87.37% of the stock is 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.