Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its stake in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 29.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,148,500 shares of the company's stock after selling 469,600 shares during the period. Two Sigma Advisers LP owned about 0.17% of Olaplex worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in Olaplex in the 4th quarter valued at about $34,000. BNP Paribas Financial Markets acquired a new stake in Olaplex in the 4th quarter valued at about $35,000. Parkside Financial Bank & Trust raised its position in Olaplex by 290.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company's stock valued at $37,000 after purchasing an additional 15,911 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Olaplex in the 4th quarter valued at about $43,000. Finally, Virtu Financial LLC acquired a new stake in Olaplex in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 87.37% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Olaplex news, General Counsel John C. Duffy sold 35,013 shares of Olaplex stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.44, for a total transaction of $50,418.72. Following the transaction, the general counsel now owns 348,630 shares of the company's stock, valued at $502,027.20. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Trisha L. Fox sold 26,526 shares of Olaplex stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $38,197.44. Following the transaction, the insider now directly owns 461,548 shares in the company, valued at approximately $664,629.12. This trade represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,109 shares of company stock valued at $123,538 over the last quarter. Company insiders own 4.30% of the company's stock.

Olaplex Stock Down 0.4%

Shares of NASDAQ OLPX traded down $0.01 during midday trading on Friday, hitting $1.32. 623,298 shares of the company's stock were exchanged, compared to its average volume of 2,147,940. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32. Olaplex Holdings, Inc. has a twelve month low of $1.01 and a twelve month high of $2.77. The company has a market cap of $875.47 million, a PE ratio of 21.92 and a beta of 2.37. The firm's fifty day simple moving average is $1.26 and its 200-day simple moving average is $1.52.

Olaplex (NASDAQ:OLPX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.02). The business had revenue of $96.98 million for the quarter, compared to analyst estimates of $93.82 million. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. Olaplex's revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. Research analysts predict that Olaplex Holdings, Inc. will post 0.1 EPS for the current fiscal year.

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.