Olaplex (NASDAQ:OLPX) Insider Trisha Fox Sells 16,324 Shares

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha Fox sold 16,324 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total value of $33,300.96. Following the completion of the transaction, the insider directly owned 1,064,039 shares of the company’s stock, valued at $2,170,639.56. This trade represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Olaplex Stock Performance

Shares of OLPX stock opened at $2.06 on Thursday. Olaplex Holdings, Inc. has a 12-month low of $0.99 and a 12-month high of $2.06. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -103.00 and a beta of 1.87. The business has a 50 day simple moving average of $1.93 and a 200 day simple moving average of $1.58. The company has a debt-to-equity ratio of 0.40, a current ratio of 6.27 and a quick ratio of 5.34.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $99.37 million during the quarter, compared to analyst estimates of $94.11 million. Olaplex had a positive return on equity of 2.23% and a negative net margin of 3.53%.The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Olaplex Holdings, Inc. will post 0.09 EPS for the current year.

Institutional Trading of Olaplex

A number of hedge funds have recently modified their holdings of OLPX. Empowered Funds LLC purchased a new stake in shares of Olaplex in the first quarter valued at $576,000. Jane Street Group LLC increased its stake in shares of Olaplex by 151.8% in the first quarter. Jane Street Group LLC now owns 88,321 shares of the company’s stock worth $112,000 after acquiring an additional 258,873 shares during the last quarter. Creative Planning increased its stake in shares of Olaplex by 35.0% in the second quarter. Creative Planning now owns 37,357 shares of the company’s stock worth $52,000 after acquiring an additional 9,690 shares during the last quarter. Norges Bank acquired a new position in shares of Olaplex in the second quarter worth $105,000. Finally, Marshall Wace LLP increased its stake in shares of Olaplex by 121.4% in the second quarter. Marshall Wace LLP now owns 346,347 shares of the company’s stock worth $485,000 after acquiring an additional 189,947 shares during the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olaplex in a research note on Tuesday, April 21st. Barclays increased their price target on Olaplex from $1.75 to $2.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 14th. Telsey Advisory Group increased their price target on Olaplex from $2.00 to $2.06 and gave the company a “market perform” rating in a research note on Friday, March 27th. Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Northland Securities lowered Olaplex from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1.92.

Olaplex Company Profile

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.