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

Olaplex (NASDAQ:OLPX - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Friday.

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

Olaplex Price Performance

Shares of Olaplex stock traded down $0.04 during trading hours on Friday, reaching $1.28. The stock had a trading volume of 1,219,108 shares, compared to its average volume of 2,138,002. The stock's 50 day moving average is $1.26 and its 200 day moving average is $1.52. The firm has a market capitalization of $852.17 million, a PE ratio of 21.34 and a beta of 2.37. Olaplex has a twelve month low of $1.01 and a twelve month high of $2.77. 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 (NASDAQ:OLPX - Get Free Report) last issued its quarterly earnings data 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 during 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 company's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.03 EPS. Equities analysts expect that Olaplex will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Trisha L. Fox sold 26,526 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $1.44, for a total transaction of $38,197.44. Following the completion of the sale, the insider now owns 461,548 shares of the company's stock, valued at approximately $664,629.12. This represents a 5.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John C. Duffy sold 35,013 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $1.44, for a total transaction of $50,418.72. Following the sale, the general counsel now directly owns 348,630 shares of the company's stock, valued at approximately $502,027.20. This represents a 9.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,109 shares of company stock worth $123,538 in the last 90 days. Insiders own 4.30% of the company's stock.

Institutional Trading of Olaplex

Several large investors have recently bought and sold shares of OLPX. Teacher Retirement System of Texas purchased a new stake in Olaplex during the 1st quarter valued at about $25,000. Hsbc Holdings PLC purchased a new stake in Olaplex during the 4th quarter valued at about $34,000. BNP Paribas Financial Markets purchased a new stake in Olaplex during the 4th quarter valued at about $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 valued at $37,000 after acquiring an additional 15,911 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Olaplex in the 4th quarter valued at approximately $43,000. Hedge funds and other 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.