Olaplex (NASDAQ:OLPX) Stock Price Up 5.9% - Should You Buy?

Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report)'s share price traded up 5.9% during trading on Monday . The company traded as high as $1.56 and last traded at $1.54. 792,218 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 2,072,582 shares. The stock had previously closed at $1.45.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Telsey Advisory Group restated a "market perform" rating and issued a $2.00 price objective on shares of Olaplex in a report on Friday, May 9th. Wall Street Zen downgraded Olaplex from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Finally, Barclays raised their target price on Olaplex from $1.20 to $1.40 and gave the company an "equal weight" rating in a report on Monday, May 12th. One investment 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, Olaplex currently has a consensus rating of "Hold" and an average target price of $1.85.

Olaplex Trading Up 1.3%

The firm has a market capitalization of $1.03 billion, a PE ratio of 77.04 and a beta of 2.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.53 and a current ratio of 10.74. The firm has a fifty day moving average of $1.32 and a 200 day moving average of $1.45.

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). Olaplex had a net margin of 2.91% and a return on equity of 6.36%. The business had revenue of $96.98 million for the quarter, compared to analyst estimates of $93.82 million. During the same quarter last year, the business earned $0.03 EPS. Olaplex's revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts expect that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Olaplex

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in Olaplex by 151.8% during the 1st quarter. Jane Street Group LLC now owns 88,321 shares of the company's stock valued at $112,000 after purchasing an additional 258,873 shares in the last quarter. Empowered Funds LLC acquired a new stake in Olaplex during the 1st quarter valued at approximately $576,000. Scoggin Management LP acquired a new stake in Olaplex during the 1st quarter valued at approximately $64,000. Nantahala Capital Management LLC acquired a new stake in Olaplex during the 1st quarter valued at approximately $826,000. Finally, MYDA Advisors LLC acquired a new stake in Olaplex during the 1st quarter valued at approximately $762,000. Institutional investors and hedge funds 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.