Olaplex's (OLPX) "Market Perform" Rating Reaffirmed at Telsey Advisory Group

Olaplex (NASDAQ:OLPX - Get Free Report)'s stock had its "market perform" rating restated by investment analysts at Telsey Advisory Group in a note issued to investors on Thursday, Benzinga reports. They presently have a $3.00 target price on the stock. Telsey Advisory Group's target price indicates a potential upside of 68.54% from the stock's previous close.

Separately, TD Cowen upped their price objective on shares of Olaplex from $1.80 to $2.00 and gave the company a "hold" rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $2.42.

Olaplex Trading Down 13.6 %

Shares of NASDAQ:OLPX traded down $0.28 during midday trading on Thursday, hitting $1.78. The company had a trading volume of 4,148,810 shares, compared to its average volume of 2,381,391. The company has a current ratio of 9.27, a quick ratio of 7.85 and a debt-to-equity ratio of 0.75. Olaplex has a 12 month low of $1.19 and a 12 month high of $2.98. The firm has a fifty day simple moving average of $2.23 and a 200 day simple moving average of $1.87. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 25.43 and a beta of 2.44.

Olaplex (NASDAQ:OLPX - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $103.90 million during the quarter, compared to analyst estimates of $103.65 million. Olaplex had a return on equity of 11.16% and a net margin of 10.95%. The company's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. On average, analysts predict that Olaplex will post 0.14 EPS for the current year.

Insider Buying and Selling

In other news, Director John P. Bilbrey bought 183,493 shares of the stock in a transaction on Monday, August 19th. The stock was purchased at an average price of $2.05 per share, for a total transaction of $376,160.65. Following the acquisition, the director now owns 241,593 shares in the company, valued at approximately $495,265.65. This trade represents a 300.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Olaplex

Institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in Olaplex by 27.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,957 shares of the company's stock worth $60,000 after buying an additional 6,614 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Olaplex by 38.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company's stock worth $40,000 after acquiring an additional 7,235 shares in the last quarter. Catalina Capital Group LLC boosted its position in Olaplex by 51.3% during the second quarter. Catalina Capital Group LLC now owns 24,088 shares of the company's stock valued at $37,000 after purchasing an additional 8,172 shares during the last quarter. Sanders Morris Harris LLC grew its stake in Olaplex by 2.9% in the third quarter. Sanders Morris Harris LLC now owns 354,000 shares of the company's stock valued at $832,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Olaplex by 57.8% during the 1st quarter. Bleakley Financial Group LLC now owns 28,591 shares of the company's stock worth $55,000 after purchasing an additional 10,473 shares during the last quarter. Institutional investors 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.