Olaplex (OLPX) Stock Forecast, Price & News

15 Wall Street 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 analysts is that investors should "reduce" OLPX shares.
View OLPX analyst ratings or view top-rated stocks.

15 brokerages have issued 12-month price objectives for Olaplex's stock. Their OLPX share price forecasts range from $2.00 to $15.00. On average, they expect the company's stock price to reach $5.63 in the next year. This suggests a possible upside of 171.8% from the stock's current price.
View analysts price targets for OLPX or view top-rated stocks among Wall Street analysts.

Olaplex's stock was trading at $5.21 on January 1st, 2023. Since then, OLPX shares have decreased by 60.3% and is now trading at $2.07.
View the best growth stocks for 2023 here.

Olaplex saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 11,270,000 shares, a decline 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 short-interest ratio is presently 5.2 days. Currently, 8.8% of the shares of the stock are sold short.
View Olaplex's Short Interest.

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) released its earnings results on Tuesday, August, 8th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by $0.02. The firm had revenue of $109.24 million for the quarter, compared to analyst estimates of $129.86 million. Olaplex had a trailing twelve-month return on equity of 21.92% and a net margin of 22.92%. The firm's revenue was down 48.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share.

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 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 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 a number of retail and institutional investors. Top institutional shareholders 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

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.