Olaplex (NASDAQ:OLPX) Cut to "Sell" at Wall Street Zen

Olaplex (NASDAQ:OLPX - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

A number of other analysts have also recently commented on the stock. Barclays upped their target price on shares of Olaplex from $1.20 to $1.40 and gave the company an "equal weight" rating in a report on Monday, May 12th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $2.00 target price on shares of Olaplex in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $1.85.

Olaplex Trading Up 2.2%

Shares of NASDAQ:OLPX traded up $0.03 during trading on Friday, reaching $1.39. 1,604,654 shares of the company traded hands, compared to its average volume of 1,450,034. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. Olaplex has a 52-week low of $1.01 and a 52-week high of $2.77. The business's fifty day moving average is $1.26 and its 200-day moving average is $1.51. The firm has a market capitalization of $925.40 million, a price-to-earnings ratio of 23.17 and a beta of 2.37.

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 firm had revenue of $96.98 million for the quarter, compared to analysts' expectations of $93.82 million. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The business's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. As a group, analysts forecast that Olaplex will post 0.1 EPS for the current year.

Insider Activity at Olaplex

In related news, insider Trisha L. Fox sold 26,526 shares of Olaplex stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $1.44, for a total value of $38,197.44. Following the completion of the transaction, the insider now owns 461,548 shares in the company, valued at approximately $664,629.12. This trade represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel John C. Duffy sold 35,013 shares of the stock in a transaction dated 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 in the company, valued at approximately $502,027.20. The trade was a 9.13% decrease in their ownership of the stock. 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 90 days. 4.30% of the stock is owned by corporate insiders.

Institutional Trading of Olaplex

Hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Olaplex during the 1st quarter worth approximately $25,000. Hsbc Holdings PLC purchased a new stake in shares of Olaplex during the 4th quarter valued at $34,000. BNP Paribas Financial Markets acquired a new stake in shares of Olaplex in the 4th quarter worth $35,000. Parkside Financial Bank & Trust grew its stake in Olaplex by 290.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company's stock worth $37,000 after buying an additional 15,911 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Olaplex during the 4th quarter valued at about $43,000. 87.37% of the stock is owned by hedge funds and other institutional investors.

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.