Trisha Fox Sells 26,426 Shares of Olaplex (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha Fox sold 26,426 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $1.26, for a total transaction of $33,296.76. Following the transaction, the insider directly owned 721,169 shares of the company’s stock, valued at $908,672.94. This represents a 3.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Olaplex Stock Down 0.4%

Shares of Olaplex stock traded down $0.01 during midday trading on Friday, hitting $1.24. The company had a trading volume of 675,970 shares, compared to its average volume of 1,766,106. Olaplex Holdings, Inc. has a 52-week low of $0.99 and a 52-week high of $1.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.00 and a current ratio of 4.58. The stock has a market capitalization of $826.71 million, a P/E ratio of -123.50 and a beta of 2.24. The company has a 50 day moving average of $1.54 and a 200 day moving average of $1.36.

Olaplex (NASDAQ:OLPX) last released its earnings results on Thursday, March 5th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Olaplex had a positive return on equity of 1.07% and a negative net margin of 2.19%.The business had revenue of $105.12 million for the quarter, compared to the consensus estimate of $104.21 million. During the same period in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts predict that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OLPX has been the topic of a number of recent analyst reports. Evercore set a $2.50 price target on shares of Olaplex in a report on Friday, March 6th. Barclays set a $1.75 target price on Olaplex in a research note on Friday, January 16th. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olaplex in a report on Thursday, January 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Olaplex in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1.88.

Hedge Funds Weigh In On Olaplex

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in Olaplex during the fourth quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new position in Olaplex in the third quarter worth approximately $26,000. Abel Hall LLC purchased a new position in shares of Olaplex during the 4th quarter worth $27,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Olaplex during the 3rd quarter valued at $30,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Olaplex during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.

About Olaplex

Olaplex, Inc (NASDAQ: OLPX) is a specialty haircare company known for its patented bond-building technology designed to repair and strengthen hair from within. The company’s core offerings encompass a range of professional salon treatments and at-home maintenance products that target chemical damage, breakage and split ends. Olaplex formulations are built around a proprietary active ingredient that works at the molecular level to rebuild disulfide bonds broken during bleaching, coloring and heat styling processes.

Founded in 2014 and headquartered in Irvine, California, Olaplex initially gained traction among high-end salons before expanding into broader retail channels.