John Duffy Sells 34,962 Shares of Olaplex (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) General Counsel John Duffy sold 34,962 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $1.26, for a total transaction of $44,052.12. Following the sale, the general counsel owned 982,855 shares of the company’s stock, valued at $1,238,397.30. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Olaplex Trading Down 0.8%

Olaplex stock opened at $1.24 on Wednesday. The firm has a market cap of $830.06 million, a price-to-earnings ratio of -124.00 and a beta of 2.24. Olaplex Holdings, Inc. has a 1 year low of $0.99 and a 1 year high of $1.84. The firm’s 50 day moving average price is $1.54 and its two-hundred day moving average price is $1.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.00 and a current ratio of 4.58.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $105.12 million during the quarter, compared to the consensus estimate of $104.21 million. Olaplex had a positive return on equity of 1.07% and a negative net margin of 2.19%.The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. On average, research analysts predict that Olaplex Holdings, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Trading of Olaplex

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OLPX. Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a report on Thursday, February 19th. Barclays set a $1.75 price target on Olaplex in a research note on Friday, January 16th. Jefferies Financial Group restated a “buy” rating on shares of Olaplex in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olaplex in a research note on Thursday, January 22nd. Finally, Morgan Stanley set a $1.40 target price on shares of Olaplex in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1.88.

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.