Olaplex (NASDAQ:OLPX) Given "Market Perform" Rating at Telsey Advisory Group

Olaplex (NASDAQ:OLPX - Get Free Report)'s stock had its "market perform" rating reiterated by analysts at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $2.00 price objective on the stock. Telsey Advisory Group's price target would indicate a potential upside of 30.72% from the stock's current price. Telsey Advisory Group also issued estimates for Olaplex's Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.03 EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at $0.07 EPS, FY2026 earnings at $0.08 EPS and FY2027 earnings at $0.08 EPS.

Several other research firms have also commented on OLPX. Barclays decreased their price target on shares of Olaplex from $2.00 to $1.50 and set an "equal weight" rating for the company in a research report on Monday, November 11th. Piper Sandler increased their target price on shares of Olaplex from $1.50 to $2.00 and gave the company a "neutral" rating in a research report on Monday, January 6th.

Olaplex Stock Down 1.9 %

Shares of OLPX traded down $0.03 during trading hours on Tuesday, hitting $1.53. The company had a trading volume of 1,605,579 shares, compared to its average volume of 2,246,250. Olaplex has a one year low of $1.19 and a one year high of $2.77. The company's fifty day moving average price is $1.54 and its two-hundred day moving average price is $1.90. The company has a market capitalization of $1.02 billion, a PE ratio of 25.50 and a beta of 2.44. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73.

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Institutional Investors Weigh In On Olaplex

Several institutional investors have recently added to or reduced their stakes in OLPX. T. Rowe Price Investment Management Inc. raised its position in shares of Olaplex by 181.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 24,500,600 shares of the company's stock valued at $42,387,000 after purchasing an additional 15,800,642 shares during the last quarter. Boston Partners increased its stake in Olaplex by 276.0% during the 4th quarter. Boston Partners now owns 6,674,169 shares of the company's stock valued at $11,257,000 after purchasing an additional 4,899,171 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Olaplex by 5,728.5% in the third quarter. Jane Street Group LLC now owns 2,633,397 shares of the company's stock worth $6,188,000 after buying an additional 2,588,216 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Olaplex by 99.3% during the fourth quarter. Ninety One UK Ltd now owns 4,239,796 shares of the company's stock worth $7,335,000 after buying an additional 2,112,009 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Olaplex by 162.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,316,519 shares of the company's stock valued at $4,008,000 after buying an additional 1,432,400 shares during the last quarter. Institutional investors and hedge funds 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.