Olaplex's (OLPX) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• Olaplex's stock has been given a "sell (D)" rating by Weiss Ratings in a recent report, reflecting ongoing concerns about its performance.
• Barclays raised the target price for Olaplex from $1.40 to $1.50, while Canaccord Genuity upgraded its rating from "hold" to "buy" with a price target of $2.00.
• Olaplex reported a net loss in its latest earnings, missing estimates by $0.02, although revenue increased by 2.3% year-over-year.

Olaplex (NASDAQ:OLPX - Get Free Report)'s stock had its "sell (d)" rating reiterated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the company. Barclays boosted their target price on Olaplex from $1.40 to $1.50 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded Olaplex from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Canaccord Genuity Group upgraded Olaplex from a "hold" rating to a "buy" rating and boosted their price objective for the company from $1.50 to $2.00 in a research report on Monday, August 25th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $2.00 price objective on shares of Olaplex in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $1.88.

Olaplex Price Performance

Olaplex stock opened at $1.25 on Wednesday. The firm has a market capitalization of $833.85 million, a P/E ratio of 32.00 and a beta of 2.31. Olaplex has a 1 year low of $1.01 and a 1 year high of $2.30. The business has a 50-day moving average of $1.39 and a 200-day moving average of $1.36. The company has a current ratio of 3.86, a quick ratio of 3.20 and a debt-to-equity ratio of 0.40.

Olaplex (NASDAQ:OLPX - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $106.28 million for the quarter, compared to analyst estimates of $100.30 million. Olaplex had a positive return on equity of 3.32% and a negative net margin of 0.30%.Olaplex's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Olaplex has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Olaplex will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Olaplex

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bridgeway Capital Management LLC raised its stake in Olaplex by 56.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 2,629,139 shares of the company's stock valued at $3,681,000 after acquiring an additional 946,265 shares during the period. Balyasny Asset Management L.P. raised its stake in Olaplex by 1,314.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,508,013 shares of the company's stock valued at $2,111,000 after acquiring an additional 1,401,369 shares during the period. Jane Street Group LLC raised its stake in Olaplex by 536.1% in the 2nd quarter. Jane Street Group LLC now owns 561,806 shares of the company's stock valued at $787,000 after acquiring an additional 473,485 shares during the period. Sei Investments Co. bought a new stake in Olaplex in the 2nd quarter valued at $160,000. Finally, Archon Capital Management LLC bought a new stake in Olaplex in the 2nd quarter valued at $249,000. 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.

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