Nantahala Capital Management LLC Makes New $826,000 Investment in Olaplex Holdings, Inc. $OLPX

Key Points

• Nantahala Capital Management LLC invested $826,000 in Olaplex Holdings, acquiring 650,000 shares, which represents approximately 0.10% of the company's total shares.
• Olaplex's stock is currently valued at $1.43, reflecting a decrease of 1.4%, with analysts setting a consensus target price of $1.88 for the stock.
• Institutional investors hold an impressive 87.37% stake in Olaplex, indicating strong institutional interest in the company.

Nantahala Capital Management LLC bought a new position in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 650,000 shares of the company's stock, valued at approximately $826,000. Nantahala Capital Management LLC owned 0.10% of Olaplex as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new stake in Olaplex in the 1st quarter worth approximately $25,000. Hsbc Holdings PLC purchased a new stake in Olaplex in the 4th quarter worth approximately $34,000. BNP Paribas Financial Markets purchased a new stake in Olaplex in the 4th quarter worth approximately $35,000. American Alpha Advisors LLC grew its stake in Olaplex by 100.0% in the 1st quarter. American Alpha Advisors LLC now owns 50,000 shares of the company's stock worth $64,000 after acquiring an additional 25,000 shares during the period. Finally, ProShare Advisors LLC grew its stake in Olaplex by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock worth $68,000 after acquiring an additional 12,852 shares during the period. 87.37% of the stock is owned by hedge funds and other institutional investors.

Olaplex Stock Up 2.1%

Shares of NASDAQ:OLPX traded up $0.03 during midday trading on Friday, hitting $1.49. 1,738,057 shares of the company's stock traded hands, compared to its average volume of 1,052,048. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.20 and a current ratio of 3.86. The company has a market cap of $993.95 million, a PE ratio of 36.50 and a beta of 2.34. The firm's fifty day moving average price is $1.44 and its two-hundred day moving average price is $1.37. Olaplex Holdings, Inc. has a twelve month low of $1.01 and a twelve month high of $2.77.

Olaplex (NASDAQ:OLPX - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $106.28 million for the quarter, compared to analyst estimates of $100.30 million. Olaplex had a negative net margin of 0.30% and a positive return on equity of 3.32%. The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS. Olaplex has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Olaplex Holdings, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OLPX. Wall Street Zen raised shares of Olaplex from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays boosted their price objective on shares of Olaplex from $1.40 to $1.50 and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Canaccord Genuity Group raised shares of Olaplex from a "hold" rating to a "buy" rating and boosted their price objective for the company from $1.50 to $2.00 in a research note on Monday, August 25th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $2.00 price objective on shares of Olaplex in a research note on Thursday, August 7th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $1.88.

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.