Olaplex (OLPX) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Olaplex in the last twelve months. There are currently 4 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" OLPX shares.
View OLPX analyst ratings or view top-rated stocks.

15 brokers have issued 1-year target prices for Olaplex's shares. Their OLPX share price forecasts range from $2.00 to $15.00. On average, they anticipate the company's share price to reach $5.63 in the next year. This suggests a possible upside of 171.8% from the stock's current price.
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Olaplex's stock was trading at $5.21 at the beginning of 2023. Since then, OLPX stock has decreased by 60.3% and is now trading at $2.07.
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Olaplex saw a decrease in short interest in August. As of August 31st, there was short interest totaling 11,270,000 shares, a decrease of 26.3% from the August 15th total of 15,300,000 shares. Based on an average daily trading volume, of 2,180,000 shares, the days-to-cover ratio is presently 5.2 days. Approximately 8.8% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our OLPX earnings forecast.

Olaplex Holdings, Inc. (NASDAQ:OLPX) issued its quarterly earnings results on Tuesday, August, 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.02. The firm earned $109.24 million during the quarter, compared to the consensus estimate of $129.86 million. Olaplex had a net margin of 22.92% and a trailing twelve-month return on equity of 21.92%. The business's quarterly revenue was down 48.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS.

ETFs with the largest weight of Olaplex (NASDAQ:OLPX) stock in their portfolio include Ballast Small/Mid Cap ETF (MGMT).Royce Quant Small-Cap Quality Value ETF (SQLV).

Olaplex updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $445.00 million-$465.00 million, compared to the consensus revenue estimate of $569.75 million.

(OLPX) raised $1.1 billion in an initial public offering (IPO) on Thursday, September 30th 2021. The company issued 73,700,000 shares at $14.00-$16.00 per share.

Olaplex trades on the NASDAQ under the ticker symbol "OLPX."

Olaplex's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (0.71%), Pacer Advisors Inc. (0.63%), Geode Capital Management LLC (0.28%), State Street Corp (0.24%), Goldman Sachs Group Inc. (0.22%) and Renaissance Technologies LLC (0.13%). Insiders that own company stock include Eric Tiziani, John P Bilbrey and Martha A M Morfitt.
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Shares of OLPX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OLPX stock can currently be purchased for approximately $2.07.

Olaplex (NASDAQ:OLPX) has a market capitalization of $1.36 billion and generates $704.27 million in revenue each year. The company earns $244.07 million in net income (profit) each year or $0.18 on an earnings per share basis.

The company employs 174 workers across the globe.

Olaplex's mailing address is 1187 COAST VILLAGE ROAD SUITE 1-520, SANTA BARBARA CA, 93108. The official website for the company is www.olaplex.com. The company can be reached via phone at 310-691-0776 or via email at olaplex@icrinc.com.