Olaplex (NASDAQ:OLPX) Earns “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a research report report published on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $2.00 target price on the stock.

A number of other equities analysts have also recently commented on OLPX. Barclays lowered their target price on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Monday, November 11th. Piper Sandler increased their price target on shares of Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Four 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, Olaplex has a consensus rating of “Hold” and a consensus price target of $2.10.

Olaplex Stock Down 2.0 %

NASDAQ:OLPX opened at $1.45 on Tuesday. Olaplex has a 52 week low of $1.19 and a 52 week high of $2.77. The stock’s fifty day moving average is $1.57 and its two-hundred day moving average is $1.91. The stock has a market capitalization of $961.24 million, a price-to-earnings ratio of 24.17 and a beta of 2.45. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chemistry Wealth Management LLC purchased a new position in shares of Olaplex in the 4th quarter valued at about $25,000. Ballentine Partners LLC acquired a new stake in Olaplex in the third quarter valued at approximately $28,000. Hsbc Holdings PLC purchased a new position in Olaplex in the fourth quarter worth approximately $34,000. BNP Paribas Financial Markets acquired a new position in Olaplex during the 4th quarter worth approximately $35,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of Olaplex in the 4th quarter valued at approximately $36,000. 87.37% of the stock is owned by institutional investors and hedge funds.

About Olaplex

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.