Olaplex (NASDAQ:OLPX) Trading Up 5.9% - What's Next?

Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report)'s share price shot up 5.9% on Monday . The stock 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 research firms have recently weighed in on OLPX. Wall Street Zen downgraded shares of Olaplex from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $2.00 target price on shares of Olaplex in a research report on Friday, May 9th. Finally, Barclays increased their price objective on Olaplex from $1.20 to $1.40 and gave the stock an "equal weight" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $1.85.

Olaplex Stock Up 2.0%

The business's fifty day moving average price is $1.31 and its two-hundred day moving average price is $1.45. The company has a current ratio of 10.74, a quick ratio of 9.53 and a debt-to-equity ratio of 0.73. The firm has a market cap of $1.02 billion, a P/E ratio of 76.54 and a beta of 2.33.

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 the consensus estimate of $0.02 by ($0.02). Olaplex had a net margin of 2.91% and a return on equity of 6.36%. The company had revenue of $96.98 million for the quarter, compared to the consensus estimate of $93.82 million. During the same quarter last year, the business earned $0.03 earnings per share. Olaplex's quarterly revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Hedge Funds Weigh In On Olaplex

A number of institutional investors have recently modified their holdings of OLPX. Charles Schwab Investment Management Inc. raised its holdings in Olaplex by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,688 shares of the company's stock worth $1,861,000 after acquiring an additional 9,661 shares during the period. Belpointe Asset Management LLC raised its holdings in Olaplex by 23.6% in the 4th quarter. Belpointe Asset Management LLC now owns 61,461 shares of the company's stock worth $106,000 after acquiring an additional 11,724 shares during the period. MetLife Investment Management LLC increased its stake in shares of Olaplex by 20.0% in the first quarter. MetLife Investment Management LLC now owns 70,438 shares of the company's stock worth $89,000 after purchasing an additional 11,759 shares during the period. ProShare Advisors LLC increased its stake in shares of Olaplex by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock worth $68,000 after purchasing an additional 12,852 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Olaplex by 290.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company's stock worth $37,000 after purchasing an additional 15,911 shares during the period. Institutional investors own 87.37% of the company's stock.

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.