Olaplex Holdings, Inc. (NASDAQ:OLPX) Given Consensus Recommendation of “Hold” by Brokerages

Olaplex Holdings, Inc. (NASDAQ:OLPX) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $1.85.

A number of brokerages have recently commented on OLPX. Barclays dropped their target price on shares of Olaplex from $1.50 to $1.25 and set an “equal weight” rating on the stock in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a report on Wednesday, October 8th. Wall Street Zen lowered Olaplex from a “hold” rating to a “sell” rating in a research report on Saturday, November 29th. Northland Securities started coverage on shares of Olaplex in a report on Thursday, November 20th. They set an “outperform” rating and a $2.00 price objective for the company. Finally, Zacks Research raised shares of Olaplex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th.

Institutional Investors Weigh In On Olaplex

Hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd purchased a new stake in Olaplex during the second quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new position in Olaplex in the 3rd quarter worth $26,000. Schonfeld Strategic Advisors LLC purchased a new position in Olaplex during the third quarter valued at $30,000. Wealth Enhancement Advisory Services LLC bought a new stake in Olaplex during the third quarter valued at about $32,000. Finally, BNP Paribas Financial Markets increased its position in Olaplex by 95.4% in the third quarter. BNP Paribas Financial Markets now owns 29,707 shares of the company’s stock worth $39,000 after buying an additional 14,507 shares in the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Olaplex Price Performance

Shares of NASDAQ OLPX opened at $1.33 on Wednesday. Olaplex has a 1 year low of $0.99 and a 1 year high of $1.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.16 and a quick ratio of 3.52. The company’s 50-day moving average is $1.16 and its 200 day moving average is $1.32. The stock has a market capitalization of $887.79 million, a P/E ratio of 64.50 and a beta of 2.28.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Olaplex had a positive return on equity of 1.31% and a negative net margin of 1.18%.The business had revenue of $114.58 million for the quarter, compared to analysts’ expectations of $109.77 million. During the same period in the previous year, the firm posted $0.04 EPS. The business’s revenue was down 3.8% on a year-over-year basis. On average, sell-side analysts expect that Olaplex will post 0.1 earnings per share for the current year.

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.