Olaplex's (OLPX) Market Perform Rating Reaffirmed at Telsey Advisory Group

Olaplex (NASDAQ:OLPX - Get Free Report)'s stock had its "market perform" rating reissued by investment analysts at Telsey Advisory Group in a note issued to investors on Friday, Benzinga reports. They presently have a $2.00 target price on the stock. Telsey Advisory Group's price objective would indicate a potential upside of 21.95% from the stock's current price.

OLPX has been the topic of several other reports. Truist Financial cut their target price on Olaplex from $7.00 to $3.00 and set a "buy" rating on the stock in a report on Monday, March 4th. Piper Sandler raised Olaplex from an "underweight" rating to a "neutral" rating and raised their price target for the company from $1.25 to $2.00 in a research report on Tuesday, March 19th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $2.59.

Olaplex Stock Down 6.8 %

Shares of NASDAQ:OLPX traded down $0.12 during midday trading on Friday, hitting $1.64. 5,021,720 shares of the stock were exchanged, compared to its average volume of 2,083,152. The company has a debt-to-equity ratio of 0.77, a quick ratio of 9.21 and a current ratio of 10.92. Olaplex has a 52-week low of $1.35 and a 52-week high of $4.30. The business's fifty day simple moving average is $1.99 and its two-hundred day simple moving average is $2.03. The company has a market capitalization of $1.08 billion, a PE ratio of 18.22 and a beta of 2.28.

Olaplex (NASDAQ:OLPX - Get Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. Olaplex had a return on equity of 13.09% and a net margin of 13.44%. The company had revenue of $111.72 million for the quarter, compared to analyst estimates of $108.29 million. During the same period last year, the company earned $0.07 earnings per share. The business's revenue was down 14.5% compared to the same quarter last year. As a group, research analysts predict that Olaplex will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Oak Thistle LLC bought a new position in Olaplex in the 3rd quarter worth approximately $25,000. Quadrant Capital Group LLC raised its position in Olaplex by 2,108.4% in the 4th quarter. Quadrant Capital Group LLC now owns 10,048 shares of the company's stock worth $26,000 after purchasing an additional 9,593 shares during the last quarter. Townsquare Capital LLC acquired a new stake in Olaplex during the 4th quarter worth $26,000. American International Group Inc. grew its holdings in Olaplex by 98.6% during the 2nd quarter. American International Group Inc. now owns 1,940 shares of the company's stock worth $27,000 after acquiring an additional 963 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Olaplex by 156.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,998 shares of the company's stock worth $28,000 after acquiring an additional 1,218 shares during the period. Institutional investors own 87.37% of the company's stock.

Olaplex Company 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.