Analysts Set Olaplex Holdings, Inc. (NASDAQ:OLPX) Target Price at $2.59

Shares of Olaplex Holdings, Inc. (NASDAQ:OLPXGet Free Report) have been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $2.59.

Several research firms have recently weighed in on OLPX. Piper Sandler upgraded shares of Olaplex from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $1.25 to $2.00 in a research note on Tuesday, March 19th. Truist Financial lowered their price objective on shares of Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a research note on Friday, April 5th.

View Our Latest Research Report on OLPX

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Oak Thistle LLC bought a new position in Olaplex during the third quarter valued at approximately $25,000. Quadrant Capital Group LLC grew its holdings in shares of Olaplex by 2,108.4% in the fourth quarter. Quadrant Capital Group LLC now owns 10,048 shares of the company’s stock worth $26,000 after purchasing an additional 9,593 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Olaplex in the fourth quarter worth approximately $26,000. American International Group Inc. grew its holdings in shares of Olaplex by 98.6% in the second quarter. American International Group Inc. now owns 1,940 shares of the company’s stock worth $27,000 after purchasing an additional 963 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Olaplex by 2,463.8% in the fourth quarter. Quent Capital LLC now owns 11,178 shares of the company’s stock worth $28,000 after purchasing an additional 10,742 shares during the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Olaplex Stock Performance

NASDAQ OLPX opened at $1.44 on Friday. The company has a current ratio of 10.92, a quick ratio of 9.21 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average price is $1.90 and its two-hundred day moving average price is $2.01. Olaplex has a 1 year low of $1.35 and a 1 year high of $4.27. The firm has a market capitalization of $951.49 million, a P/E ratio of 16.00 and a beta of 2.28.

Olaplex (NASDAQ:OLPXGet Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Olaplex had a net margin of 13.44% and a return on equity of 13.09%. The firm had revenue of $111.72 million for the quarter, compared to the consensus estimate of $108.29 million. During the same period in the prior year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was down 14.5% on a year-over-year basis. As a group, research analysts anticipate that Olaplex will post 0.14 EPS for the current year.

Olaplex Company Profile

(Get Free Report

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.

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Analyst Recommendations for Olaplex (NASDAQ:OLPX)

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