Olaplex (NASDAQ:OLPX) Shares Gap Down to $1.38

Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) gapped down prior to trading on Wednesday . The stock had previously closed at $1.38, but opened at $1.35. Olaplex shares last traded at $1.41, with a volume of 213,590 shares.

Analyst Ratings Changes

A number of equities research analysts have issued reports on OLPX shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research note on Friday, April 5th. Piper Sandler upgraded Olaplex from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $1.25 to $2.00 in a research note on Tuesday, March 19th. Finally, Truist Financial cut their price target on Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Olaplex presently has an average rating of “Hold” and a consensus target price of $2.59.

Olaplex Trading Up 4.7 %

The stock has a market cap of $892.84 million, a PE ratio of 15.00 and a beta of 2.28. The stock has a 50-day moving average price of $1.83 and a two-hundred day moving average price of $1.99. The company has a debt-to-equity ratio of 0.77, a current ratio of 10.92 and a quick ratio of 9.21.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Olaplex had a return on equity of 13.09% and a net margin of 13.44%. The firm had revenue of $111.72 million during the quarter, compared to analyst estimates of $108.29 million. During the same quarter last year, the business posted $0.07 earnings per share. The business’s quarterly revenue was down 14.5% compared to the same quarter last year. Sell-side analysts forecast that Olaplex Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OLPX. JPMorgan Chase & Co. lifted its holdings in shares of Olaplex by 13,198.8% in the 1st quarter. JPMorgan Chase & Co. now owns 227,276 shares of the company’s stock valued at $3,551,000 after acquiring an additional 225,567 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Olaplex in the 1st quarter valued at about $158,000. Citigroup Inc. lifted its holdings in shares of Olaplex by 179.3% in the 1st quarter. Citigroup Inc. now owns 43,136 shares of the company’s stock valued at $674,000 after acquiring an additional 27,690 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Olaplex in the 1st quarter valued at about $36,000. Finally, Rhumbline Advisers lifted its holdings in shares of Olaplex by 2.4% in the 1st quarter. Rhumbline Advisers now owns 62,830 shares of the company’s stock valued at $982,000 after acquiring an additional 1,456 shares during 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.