Olaplex’s (OLPX) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a research report report published on Friday morning,Benzinga reports. They currently have a $2.00 target price on the stock.

Separately, Barclays upped their price target on shares of Olaplex from $1.50 to $1.70 and gave the company an “equal weight” rating in a report on Wednesday, March 5th.

Olaplex Stock Performance

OLPX opened at $1.27 on Friday. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. Olaplex has a 12-month low of $1.01 and a 12-month high of $2.77. The firm has a 50 day moving average of $1.30 and a two-hundred day moving average of $1.58. The firm has a market capitalization of $845.51 million, a PE ratio of 21.17 and a beta of 2.37.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Chemistry Wealth Management LLC acquired a new position in Olaplex during the fourth quarter worth $25,000. Teacher Retirement System of Texas purchased a new stake in shares of Olaplex during the first quarter worth about $25,000. Hsbc Holdings PLC acquired a new position in shares of Olaplex during the 4th quarter worth about $34,000. BNP Paribas Financial Markets purchased a new position in Olaplex in the 4th quarter valued at about $35,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in Olaplex in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Olaplex Company Profile

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.