Olaplex Holdings, Inc. (NASDAQ:OLPX) VP Kristi A. Belhumeur Sells 42,480 Shares

Olaplex Holdings, Inc. (NASDAQ:OLPX) VP Kristi A. Belhumeur sold 42,480 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1.68, for a total value of $71,366.40. Following the completion of the sale, the vice president now directly owns 294,553 shares in the company, valued at $494,849.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Olaplex Trading Down 5.6 %

Olaplex stock opened at $1.52 on Wednesday. The business has a 50 day moving average price of $1.65 and a two-hundred day moving average price of $1.97. The company has a quick ratio of 9.21, a current ratio of 10.92 and a debt-to-equity ratio of 0.77. Olaplex Holdings, Inc. has a 12 month low of $1.19 and a 12 month high of $4.27. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 21.71 and a beta of 2.34.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The business had revenue of $98.90 million for the quarter, compared to analysts’ expectations of $95.15 million. Olaplex had a return on equity of 11.68% and a net margin of 10.91%. Olaplex’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 earnings per share. As a group, equities analysts forecast that Olaplex Holdings, Inc. will post 0.14 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on OLPX. Telsey Advisory Group restated a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research note on Thursday, May 2nd. Truist Financial reduced their price objective on Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Finally, Piper Sandler upgraded shares of Olaplex from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $1.25 to $2.00 in a research note on Tuesday, March 19th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.59.

Institutional Investors Weigh In On Olaplex

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. boosted its position in shares of Olaplex by 34.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,232,661 shares of the company’s stock valued at $20,911,000 after acquiring an additional 2,124,323 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Olaplex during the 4th quarter worth about $3,996,000. Vanguard Group Inc. lifted its holdings in Olaplex by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,638,957 shares of the company’s stock valued at $18,796,000 after purchasing an additional 787,242 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in Olaplex in the first quarter valued at about $660,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Olaplex by 119,729.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 336,722 shares of the company’s stock worth $855,000 after buying an additional 336,441 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.