Barclays Has Lowered Expectations for Olaplex (NASDAQ:OLPX) Stock Price

Olaplex (NASDAQ:OLPX - Free Report) had its price objective cut by Barclays from $2.00 to $1.50 in a report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts also recently commented on the company. Telsey Advisory Group restated a "market perform" rating and issued a $3.00 target price on shares of Olaplex in a research note on Thursday. TD Cowen upped their target price on Olaplex from $1.80 to $2.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $2.30.

Olaplex Stock Performance

Shares of OLPX traded down $0.03 during mid-day trading on Monday, reaching $1.68. The company had a trading volume of 4,578,247 shares, compared to its average volume of 2,432,999. Olaplex has a 52-week low of $1.19 and a 52-week high of $2.98. The company has a quick ratio of 7.85, a current ratio of 9.27 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $1.11 billion, a P/E ratio of 27.50 and a beta of 2.47. The stock has a 50 day moving average of $2.16 and a two-hundred day moving average of $1.90.

Olaplex (NASDAQ:OLPX - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. Olaplex had a return on equity of 10.57% and a net margin of 9.78%. The firm had revenue of $119.10 million for the quarter, compared to the consensus estimate of $126.51 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The company's revenue was down 3.6% compared to the same quarter last year. On average, analysts expect that Olaplex will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Trading of Olaplex

Several large investors have recently made changes to their positions in OLPX. Norden Group LLC acquired a new stake in Olaplex during the 1st quarter worth $70,000. Bleakley Financial Group LLC grew its stake in Olaplex by 57.8% during the 1st quarter. Bleakley Financial Group LLC now owns 28,591 shares of the company's stock valued at $55,000 after acquiring an additional 10,473 shares in the last quarter. Vanguard Group Inc. raised its holdings in Olaplex by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 11,935,003 shares of the company's stock valued at $22,915,000 after acquiring an additional 929,693 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Olaplex by 1,182.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 71,856 shares of the company's stock worth $138,000 after purchasing an additional 66,252 shares in the last quarter. Finally, Pitcairn Co. boosted its holdings in shares of Olaplex by 107.5% during the 1st quarter. Pitcairn Co. now owns 72,023 shares of the company's stock worth $138,000 after purchasing an additional 37,308 shares during the last quarter. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

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.