Weiss Ratings Reaffirms "Sell (D)" Rating for Olaplex (NASDAQ:OLPX)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for Olaplex (NASDAQ: OLPX), indicating a negative outlook for the company's stock performance.
• Barclays has raised its target price for Olaplex from $1.40 to $1.50, while Canaccord Genuity upgraded its rating from "Hold" to "Buy" with a $2.00 price target.
• Olaplex reported a quarterly net loss of $0.01 per share, missing consensus estimates, despite achieving a revenue of $106.28 million which slightly surpassed expectations.

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

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

Olaplex Price Performance

Shares of OLPX opened at $1.10 on Friday. Olaplex has a twelve month low of $1.01 and a twelve month high of $2.28. The firm's fifty day simple moving average is $1.35 and its 200-day simple moving average is $1.36. The firm has a market capitalization of $733.79 million, a price-to-earnings ratio of 27.50 and a beta of 2.31. 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 announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The firm had revenue of $106.28 million during the quarter, compared to analyst estimates of $100.30 million. Olaplex had a negative net margin of 0.30% and a positive return on equity of 3.32%. Olaplex's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. Olaplex has set its FY 2025 guidance at EPS. Equities analysts forecast that Olaplex will post 0.1 EPS for the current fiscal year.

Institutional Trading of Olaplex

Hedge funds and other institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Olaplex in the second quarter valued at about $25,000. Teacher Retirement System of Texas purchased a new stake in shares of Olaplex in the first quarter valued at about $25,000. Hsbc Holdings PLC boosted its holdings in shares of Olaplex by 80.6% in the first quarter. Hsbc Holdings PLC now owns 35,902 shares of the company's stock valued at $46,000 after acquiring an additional 16,023 shares in the last quarter. Creative Planning boosted its holdings in shares of Olaplex by 35.0% in the second quarter. Creative Planning now owns 37,357 shares of the company's stock valued at $52,000 after acquiring an additional 9,690 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Olaplex by 506.8% in the third quarter. CWM LLC now owns 47,000 shares of the company's stock valued at $62,000 after acquiring an additional 39,254 shares in 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.

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