Olaplex (NASDAQ:OLPX) Stock Price Down 4.3% - Time to Sell?

Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) fell 4.3% on Monday . The stock traded as low as $1.43 and last traded at $1.44. 316,745 shares were traded during mid-day trading, a decline of 84% from the average session volume of 1,997,103 shares. The stock had previously closed at $1.50.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Olaplex from a "hold" rating to a "sell" rating in a research note on Friday. Barclays raised 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. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 target price 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 issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $1.85.

Olaplex Stock Performance

The stock has a 50-day simple moving average of $1.33 and a 200-day simple moving average of $1.43. The stock has a market cap of $905.43 million, a PE ratio of 68.03 and a beta of 2.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 10.74 and a quick ratio of 9.53.

Olaplex (NASDAQ:OLPX - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.02). The company had revenue of $96.98 million for the quarter, compared to analysts' expectations of $93.82 million. Olaplex had a net margin of 2.91% and a return on equity of 6.36%. The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. Equities analysts predict that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Olaplex

A number of institutional investors have recently made changes to their positions in OLPX. Teacher Retirement System of Texas acquired a new stake in Olaplex in the first quarter valued at $25,000. Hsbc Holdings PLC acquired a new stake in shares of Olaplex in the 4th quarter valued at about $34,000. BNP Paribas Financial Markets bought a new position in shares of Olaplex during the fourth quarter worth about $35,000. Parkside Financial Bank & Trust grew its stake in 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 in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Olaplex in the fourth quarter valued at about $43,000. 87.37% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.