Olaplex (NASDAQ:OLPX) Upgraded to Hold at Wall Street Zen

Olaplex (NASDAQ:OLPX - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other equities analysts have also recently weighed in on OLPX. Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 price target on shares of Olaplex in a report on Friday, May 9th. 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. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $1.88.

Olaplex Price Performance

NASDAQ OLPX traded down $0.11 during mid-day trading on Friday, hitting $1.41. The stock had a trading volume of 371,748 shares, compared to its average volume of 1,967,367. The firm's 50 day moving average is $1.37 and its 200 day moving average is $1.41. Olaplex has a twelve month low of $1.01 and a twelve month high of $2.77. The company has a debt-to-equity ratio of 0.73, a current ratio of 10.74 and a quick ratio of 9.53. The stock has a market capitalization of $935.39 million, a price-to-earnings ratio of 70.79 and a beta of 2.33.

Olaplex (NASDAQ:OLPX - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.02). The company 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 firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 earnings per share. Equities research analysts forecast that Olaplex will post 0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Olaplex

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas acquired a new position in Olaplex during the first quarter worth approximately $25,000. Hsbc Holdings PLC acquired a new position in Olaplex during the fourth quarter worth $34,000. BNP Paribas Financial Markets acquired a new position in Olaplex during the fourth quarter worth $35,000. KLP Kapitalforvaltning AS acquired a new position in Olaplex during the fourth quarter worth $43,000. Finally, Virtu Financial LLC acquired a new stake in Olaplex in the fourth quarter valued at $55,000. Institutional investors and hedge funds 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.