Olaplex Holdings, Inc. (NASDAQ:OLPX) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Olaplex Holdings, Inc. has received a consensus rating of "Hold" from five research firms, with one sell rating, three hold ratings, and one buy rating.
• The average 1-year price target for Olaplex shares amongst analysts is $1.8750, reflecting cautious sentiment on stock performance.
• Institutional investors have significantly increased their positions in Olaplex, with notable boosts from firms like Bridgeway Capital Management and Balyasny Asset Management during the second quarter.

Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) have earned a consensus rating of "Hold" from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $1.8750.

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Olaplex from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Telsey Advisory Group reissued a "market perform" rating and issued a $2.00 price objective on shares of Olaplex in a report on Thursday, August 7th. Canaccord Genuity Group raised shares of Olaplex from a "hold" rating to a "buy" rating and raised their price objective for the stock from $1.50 to $2.00 in a report on Monday, August 25th. Barclays raised their price objective on shares of Olaplex from $1.40 to $1.50 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Olaplex in a report on Saturday, September 27th.

Hedge Funds Weigh In On Olaplex

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bridgeway Capital Management LLC boosted its holdings in shares of Olaplex by 56.2% in the second quarter. Bridgeway Capital Management LLC now owns 2,629,139 shares of the company's stock worth $3,681,000 after buying an additional 946,265 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Olaplex by 1,314.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,508,013 shares of the company's stock worth $2,111,000 after acquiring an additional 1,401,369 shares during the period. Jane Street Group LLC raised its stake in Olaplex by 536.1% during the 2nd quarter. Jane Street Group LLC now owns 561,806 shares of the company's stock worth $787,000 after acquiring an additional 473,485 shares during the period. Sei Investments Co. bought a new stake in Olaplex during the 2nd quarter worth approximately $160,000. Finally, Archon Capital Management LLC bought a new stake in Olaplex during the 2nd quarter worth approximately $249,000. Hedge funds and other institutional investors own 87.37% of the company's stock.

Olaplex Stock Performance

Shares of NASDAQ OLPX traded up $0.02 during trading on Friday, reaching $1.30. 509,622 shares of the company traded hands, compared to its average volume of 967,806. The firm has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $1.36. The company has a quick ratio of 3.20, a current ratio of 3.86 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $867.20 million, a PE ratio of 32.00 and a beta of 2.31. Olaplex has a 52-week low of $1.01 and a 52-week high of $2.42.

Olaplex (NASDAQ:OLPX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The company had revenue of $106.28 million for the quarter, compared to analysts' expectations 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 period in the previous year, the business earned $0.03 EPS. Olaplex has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Olaplex will post 0.1 earnings per share for the current year.

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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