Olaplex (NASDAQ:OLPX) Shares Down 6.3% - What's Next?

Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report)'s stock price traded down 6.3% during mid-day trading on Tuesday . The company traded as low as $1.43 and last traded at $1.42. 367,500 shares were traded during trading, a decline of 81% from the average session volume of 1,967,098 shares. The stock had previously closed at $1.51.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 price target on shares of Olaplex in a research note on Friday, May 9th. Wall Street Zen upgraded shares of Olaplex from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Barclays set a $1.50 target price on shares of Olaplex and gave the stock an "equal weight" rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1.88.

Olaplex Trading Down 1.1%

The company has a quick ratio of 9.53, a current ratio of 10.74 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $1.38 and a 200 day simple moving average of $1.40. The company has a market cap of $902.10 million, a price-to-earnings ratio of 67.78 and a beta of 2.33.

Olaplex (NASDAQ:OLPX - Get Free Report) last announced its quarterly 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 during 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 company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. On average, equities analysts anticipate that Olaplex Holdings, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Trading of Olaplex

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in Olaplex by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,688 shares of the company's stock worth $1,861,000 after purchasing an additional 9,661 shares in the last quarter. Belpointe Asset Management LLC boosted its stake 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 buying an additional 11,724 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Olaplex by 20.0% in the 1st quarter. MetLife Investment Management LLC now owns 70,438 shares of the company's stock worth $89,000 after buying an additional 11,759 shares during the last quarter. ProShare Advisors LLC boosted its stake in Olaplex by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock worth $68,000 after buying an additional 12,852 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Olaplex by 80.6% in the 1st quarter. Hsbc Holdings PLC now owns 35,902 shares of the company's stock worth $46,000 after buying an additional 16,023 shares during the last quarter. 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.