Olaplex (NASDAQ:OLPX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Olaplex (NASDAQ:OLPX) from a sell rating to a hold rating in a report released on Thursday morning.

OLPX has been the topic of a number of other reports. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a report on Friday, May 9th. Barclays upped their target price on shares of Olaplex from $1.20 to $1.40 and gave the company an “equal weight” rating in a report on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1.85.

Olaplex Price Performance

Olaplex stock opened at $1.19 on Thursday. Olaplex has a 52 week low of $1.01 and a 52 week high of $2.77. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The firm’s 50-day simple moving average is $1.26 and its 200 day simple moving average is $1.53. The firm has a market capitalization of $792.25 million, a PE ratio of 19.84 and a beta of 2.37.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.02). Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The business had revenue of $96.98 million during the quarter, compared to analysts’ expectations of $93.82 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Olaplex’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts predict that Olaplex will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling at Olaplex

In other news, General Counsel John C. Duffy sold 35,013 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $1.44, for a total transaction of $50,418.72. Following the transaction, the general counsel now directly owns 348,630 shares in the company, valued at $502,027.20. This represents a 9.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Trisha L. Fox sold 26,526 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.44, for a total transaction of $38,197.44. Following the transaction, the insider now owns 461,548 shares in the company, valued at approximately $664,629.12. The trade was a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,269 shares of company stock worth $103,161. Corporate insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Teacher Retirement System of Texas purchased a new position in shares of Olaplex during the 1st quarter worth about $25,000. Hsbc Holdings PLC purchased a new position in shares of Olaplex during the 4th quarter worth about $34,000. BNP Paribas Financial Markets acquired a new stake in Olaplex during the 4th quarter worth approximately $35,000. Cornerstone Wealth Management LLC acquired a new stake in Olaplex during the 4th quarter worth approximately $36,000. Finally, Parkside Financial Bank & Trust increased its position in Olaplex by 290.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company’s stock worth $37,000 after purchasing an additional 15,911 shares in the last quarter. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

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.