Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $1.38, but opened at $1.49. Olaplex shares last traded at $1.50, with a volume of 2,246,841 shares traded.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on OLPX. Piper Sandler boosted their price objective on shares of Olaplex from $1.50 to $2.00 and gave the stock a "neutral" rating in a research note on Monday, January 6th. Barclays boosted their price objective on shares of Olaplex from $1.50 to $1.70 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 price objective on shares of Olaplex in a research note on Tuesday.
Get Our Latest Stock Report on OLPX
Olaplex Trading Down 1.9 %
The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 25.50 and a beta of 2.44. The business's 50-day moving average price is $1.54 and its 200 day moving average price is $1.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32.
Institutional Trading of Olaplex
Several institutional investors have recently added to or reduced their stakes in OLPX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Olaplex by 60.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 205,782 shares of the company's stock worth $356,000 after purchasing an additional 77,444 shares during the period. State of Wyoming lifted its holdings in Olaplex by 53.6% in the 4th quarter. State of Wyoming now owns 301,253 shares of the company's stock valued at $521,000 after acquiring an additional 105,164 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Olaplex by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 39,052 shares of the company's stock valued at $68,000 after acquiring an additional 12,852 shares during the last quarter. Deutsche Bank AG lifted its stake in Olaplex by 33.2% during the fourth quarter. Deutsche Bank AG now owns 86,156 shares of the company's stock valued at $149,000 after buying an additional 21,454 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in Olaplex during the fourth quarter valued at about $102,000. 87.37% of the stock is owned by institutional investors and hedge funds.
About Olaplex
(
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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.
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