Olaplex (NASDAQ:OLPX) Upgraded by Northland Capmk to “Strong-Buy” Rating

Northland Capmk upgraded shares of Olaplex (NASDAQ:OLPX) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

OLPX has been the topic of several other reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Olaplex in a report on Wednesday, October 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research note on Friday, November 7th. Barclays cut their price objective on Olaplex from $1.50 to $1.25 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Zacks Research cut Olaplex from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Finally, Canaccord Genuity Group raised Olaplex from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1.50 to $2.00 in a research note on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1.85.

Olaplex Stock Performance

NASDAQ OLPX opened at $1.03 on Thursday. The stock has a market capitalization of $687.54 million, a price-to-earnings ratio of 50.50 and a beta of 2.29. The stock has a 50-day moving average of $1.21 and a 200 day moving average of $1.33. The company has a current ratio of 4.16, a quick ratio of 3.52 and a debt-to-equity ratio of 0.40. Olaplex has a twelve month low of $0.99 and a twelve month high of $2.28.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. Olaplex had a positive return on equity of 1.31% and a negative net margin of 1.18%.The business had revenue of $114.58 million during the quarter, compared to analysts’ expectations of $109.77 million. During the same period in the previous year, the business earned $0.04 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. Olaplex has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Olaplex will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Olaplex

A number of large investors have recently made changes to their positions in OLPX. R Squared Ltd acquired a new stake in shares of Olaplex in the second quarter valued at approximately $25,000. Chilton Capital Management LLC purchased a new stake in Olaplex in the 3rd quarter valued at $26,000. Schonfeld Strategic Advisors LLC purchased a new stake in Olaplex in the 3rd quarter valued at $30,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Olaplex in the 3rd quarter worth $32,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Olaplex by 95.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,707 shares of the company’s stock worth $39,000 after acquiring an additional 14,507 shares during the period. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

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.