Olaplex Holdings, Inc. (NASDAQ:OLPX) Insider Buys $13,400.00 in Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Kenneth F. Egan bought 10,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were bought at an average price of $1.34 per share, with a total value of $13,400.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $13,400. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Olaplex Trading Down 5.9 %

Olaplex stock traded down $0.08 during mid-day trading on Tuesday, reaching $1.27. 1,353,451 shares of the company traded hands, compared to its average volume of 2,196,306. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.77. The firm has a market capitalization of $844.07 million, a price-to-earnings ratio of 21.17 and a beta of 2.44. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32. The firm’s 50 day moving average price is $1.51 and its 200 day moving average price is $1.86.

Wall Street Analysts Forecast Growth

Several research analysts have commented on OLPX shares. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research note on Wednesday, March 12th. Barclays lifted their target price on shares of Olaplex from $1.50 to $1.70 and gave the stock an “equal weight” rating in a research note on Wednesday, March 5th. Finally, Piper Sandler lifted their target price on shares of Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th.

Institutional Trading of Olaplex

Hedge funds have recently modified their holdings of the business. Chemistry Wealth Management LLC bought a new stake in shares of Olaplex during the 4th quarter valued at $25,000. Hsbc Holdings PLC bought a new position in Olaplex in the 4th quarter worth about $34,000. BNP Paribas Financial Markets bought a new position in Olaplex in the 4th quarter worth about $35,000. Cornerstone Wealth Management LLC bought a new position in Olaplex in the 4th quarter worth about $36,000. Finally, Parkside Financial Bank & Trust boosted its stake in Olaplex by 290.1% in 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. 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.