187,814 Shares in Olaplex Holdings, Inc. (NASDAQ:OLPX) Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC acquired a new position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 187,814 shares of the company's stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Olaplex by 60.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 205,782 shares of the company's stock valued at $356,000 after acquiring an additional 77,444 shares during the last quarter. State of Wyoming increased its position in shares of Olaplex by 53.6% during the fourth quarter. State of Wyoming now owns 301,253 shares of the company's stock valued at $521,000 after acquiring an additional 105,164 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Olaplex by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock valued at $68,000 after acquiring an additional 12,852 shares during the last quarter. Deutsche Bank AG increased its position in shares of Olaplex by 33.2% during the fourth quarter. Deutsche Bank AG now owns 86,156 shares of the company's stock valued at $149,000 after acquiring an additional 21,454 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Olaplex during the fourth quarter valued at about $102,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Olaplex Stock Up 3.4%

Shares of OLPX stock traded up $0.05 during trading on Monday, reaching $1.50. The company's stock had a trading volume of 1,961,861 shares, compared to its average volume of 2,077,106. The company has a debt-to-equity ratio of 0.73, a current ratio of 10.74 and a quick ratio of 9.53. The company has a market capitalization of $998.64 million, a price-to-earnings ratio of 75.04 and a beta of 2.33. The stock's 50-day moving average price is $1.30 and its 200 day moving average price is $1.45. Olaplex Holdings, Inc. has a 1-year low of $1.01 and a 1-year high of $2.77.

Olaplex (NASDAQ:OLPX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.00 earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.02). The business had revenue of $96.98 million during the quarter, compared to analyst estimates of $93.82 million. Olaplex had a net margin of 2.91% and a return on equity of 6.36%. The company's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. On average, research analysts anticipate that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OLPX shares. Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 price target on shares of Olaplex in a research report on Friday, May 9th. Barclays lifted their price target on shares of Olaplex from $1.20 to $1.40 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Wall Street Zen cut shares of Olaplex from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $1.85.

Olaplex 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.