Groupe la Francaise Makes New Investment in Olaplex Holdings, Inc. $OLPX

Groupe la Francaise purchased a new stake in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 731,100 shares of the company’s stock, valued at approximately $1,484,000. Groupe la Francaise owned about 0.11% of Olaplex at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Credit Industriel ET Commercial acquired a new stake in Olaplex in the 1st quarter valued at approximately $989,000. PSquared Asset Management AG acquired a new position in Olaplex during the first quarter worth $2,874,000. Gabelli Funds LLC acquired a new position in Olaplex during the first quarter worth $998,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Olaplex during the first quarter worth $954,000. Finally, Headlands Technologies LLC purchased a new position in shares of Olaplex during the fourth quarter worth $25,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Trisha L. Fox sold 16,324 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total transaction 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. The trade was a 1.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 4.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on OLPX. Zacks Research upgraded Olaplex from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Barclays raised their target price on Olaplex from $1.75 to $2.00 and gave the company an “equal weight” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olaplex in a research report on Tuesday, April 21st. One 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. According to data from MarketBeat.com, Olaplex has an average rating of “Hold” and an average price target of $1.92.

Olaplex Stock Performance

Shares of OLPX stock opened at $2.07 on Friday. The firm has a 50 day moving average of $2.06 and a two-hundred day moving average of $1.85. The stock has a market capitalization of $1.39 billion, a PE ratio of -103.50 and a beta of 1.85. The company has a quick ratio of 5.34, a current ratio of 6.27 and a debt-to-equity ratio of 0.40. Olaplex Holdings, Inc. has a 52 week low of $0.99 and a 52 week high of $2.09.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $99.37 million for 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 business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts predict that Olaplex Holdings, Inc. will post 0.09 EPS for the current fiscal 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.