Two Sigma Investments LP Has $535,000 Holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Two Sigma Investments LP lessened its stake in Olaplex Holdings, Inc. (NASDAQ:OLPX - Free Report) by 57.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 309,484 shares of the company's stock after selling 418,243 shares during the quarter. Two Sigma Investments LP's holdings in Olaplex were worth $535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming grew its stake in Olaplex by 53.6% in the fourth quarter. State of Wyoming now owns 301,253 shares of the company's stock worth $521,000 after purchasing an additional 105,164 shares in the last quarter. ProShare Advisors LLC increased its stake 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 period. Deutsche Bank AG lifted its holdings in shares of Olaplex by 33.2% in the fourth quarter. Deutsche Bank AG now owns 86,156 shares of the company's stock valued at $149,000 after buying an additional 21,454 shares during the period. Brevan Howard Capital Management LP bought a new stake in Olaplex during the fourth quarter worth approximately $102,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Olaplex during the fourth quarter worth $35,000. Institutional investors and hedge funds own 87.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OLPX shares. Telsey Advisory Group restated a "market perform" rating and set a $2.00 price target on shares of Olaplex in a report on Friday, May 9th. Wall Street Zen cut Olaplex from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Finally, Barclays lifted their price objective 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. According to data from MarketBeat, Olaplex currently has a consensus rating of "Hold" and a consensus target price of $1.85.

Olaplex Stock Performance

Shares of Olaplex stock remained flat at $1.34 during trading on Thursday. 576,480 shares of the stock traded hands, compared to its average volume of 2,108,448. Olaplex Holdings, Inc. has a one year low of $1.01 and a one year high of $2.77. The firm has a market cap of $892.11 million, a PE ratio of 22.34 and a beta of 2.33. The stock has a fifty day moving average of $1.27 and a two-hundred day moving average of $1.49. 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 (NASDAQ:OLPX - Get Free Report) last posted its earnings results 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 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%. The firm's revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. Equities research analysts forecast 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.