Ninety One UK Ltd Raises Stake in Olaplex Holdings, Inc. $OLPX

Key Points

• Ninety One UK Ltd increased its stake in Olaplex Holdings, Inc. by 18.5% in Q2, holding approximately 3.33 million shares worth $4.67 million.
• Olaplex shares opened at $1.30 and have a market capitalization of $867.20 million with a 52-week range of $1.01 to $2.42.
• The company reported a quarterly revenue of $106.28 million, exceeding estimates, but missed earnings expectations with a reported loss of ($0.01) EPS.

Ninety One UK Ltd raised its stake in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 18.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,333,055 shares of the company's stock after buying an additional 520,011 shares during the quarter. Ninety One UK Ltd owned about 0.50% of Olaplex worth $4,666,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BNP Paribas Financial Markets bought a new stake in Olaplex during the 4th quarter worth approximately $35,000. ProShare Advisors LLC increased its holdings in shares of Olaplex by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock worth $68,000 after purchasing an additional 12,852 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Olaplex by 60.3% in 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 worth $356,000 after buying an additional 77,444 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in Olaplex during the first quarter valued at $239,000. Finally, Teacher Retirement System of Texas purchased a new position in Olaplex during the first quarter worth about $25,000. 87.37% of the stock is currently owned by institutional investors.

Olaplex Price Performance

Shares of Olaplex stock opened at $1.30 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.20 and a current ratio of 3.86. Olaplex Holdings, Inc. has a 52-week low of $1.01 and a 52-week high of $2.42. The company has a fifty day moving average of $1.41 and a 200-day moving average of $1.36. The stock has a market capitalization of $867.20 million, a price-to-earnings ratio of 32.75 and a beta of 2.31.

Olaplex (NASDAQ:OLPX - Get Free Report) last posted its quarterly 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). Olaplex had a positive return on equity of 3.32% and a negative net margin of 0.30%.The business had revenue of $106.28 million during the quarter, compared to the consensus estimate of $100.30 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. Olaplex has set its FY 2025 guidance at EPS. Equities research analysts expect that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.

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