Olaplex’s (OLPX) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a report released on Tuesday morning,Benzinga reports. Telsey Advisory Group currently has a $2.00 target price on the stock. Telsey Advisory Group also issued estimates for Olaplex’s Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at $0.07 EPS, FY2026 earnings at $0.08 EPS and FY2027 earnings at $0.08 EPS.

Other equities analysts have also issued research reports about the company. Piper Sandler raised their price objective on Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Barclays decreased their price target on Olaplex from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Monday, November 11th.

Olaplex Stock Performance

Shares of NASDAQ:OLPX opened at $1.56 on Tuesday. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. Olaplex has a 12-month low of $1.19 and a 12-month high of $2.77. The company’s 50 day moving average price is $1.55 and its two-hundred day moving average price is $1.90. The firm has a market cap of $1.03 billion, a PE ratio of 26.00 and a beta of 2.45.

Hedge Funds Weigh In On Olaplex

A number of institutional investors have recently modified their holdings of OLPX. Geode Capital Management LLC boosted its stake in Olaplex by 14.5% in the third quarter. Geode Capital Management LLC now owns 3,708,821 shares of the company’s stock valued at $8,717,000 after buying an additional 468,570 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Olaplex by 5,728.5% in the 3rd quarter. Jane Street Group LLC now owns 2,633,397 shares of the company’s stock valued at $6,188,000 after purchasing an additional 2,588,216 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of Olaplex during the 3rd quarter valued at approximately $664,000. Ninety One UK Ltd increased its holdings in shares of Olaplex by 99.3% during the fourth quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company’s stock worth $7,335,000 after buying an additional 2,112,009 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Olaplex in the 3rd quarter valued at $80,000. Institutional investors and hedge funds own 87.37% of the company’s stock.

About Olaplex

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.