SG Americas Securities LLC Has $281,000 Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

SG Americas Securities LLC boosted its holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX – Get Rating) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,945 shares of the company’s stock after purchasing an additional 8,555 shares during the quarter. SG Americas Securities LLC’s holdings in Olaplex were worth $281,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Engineers Gate Manager LP purchased a new position in Olaplex during the 3rd quarter worth $1,440,000. Twinbeech Capital LP purchased a new position in Olaplex during the 3rd quarter worth $5,668,000. Sanders Morris Harris LLC purchased a new position in Olaplex during the 4th quarter worth $736,000. Glenmede Trust Co. NA boosted its holdings in Olaplex by 530.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 115,565 shares of the company’s stock worth $1,102,000 after acquiring an additional 97,245 shares during the last quarter. Finally, CenterBook Partners LP purchased a new position in Olaplex during the 3rd quarter worth $287,000. Institutional investors and hedge funds own 91.50% of the company’s stock.

Wall Street Analyst Weigh In

OLPX has been the topic of a number of research analyst reports. Truist Financial boosted their price target on shares of Olaplex from $10.00 to $15.00 in a report on Friday, March 3rd. Morgan Stanley cut their price target on shares of Olaplex from $6.00 to $5.50 and set an “equal weight” rating on the stock in a report on Tuesday, March 7th. JPMorgan Chase & Co. boosted their price target on shares of Olaplex from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, January 13th. The Goldman Sachs Group downgraded shares of Olaplex from a “buy” rating to a “neutral” rating and set a $6.00 price target on the stock. in a report on Tuesday, February 28th. Finally, Telsey Advisory Group cut their price target on shares of Olaplex from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, March 1st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.79.

Olaplex Trading Down 6.8 %

Shares of OLPX opened at $3.70 on Wednesday. The business’s 50-day moving average price is $4.00 and its 200-day moving average price is $5.01. Olaplex Holdings, Inc. has a twelve month low of $3.27 and a twelve month high of $18.23. The stock has a market cap of $2.42 billion, a PE ratio of 10.28, a P/E/G ratio of 1.31 and a beta of 1.55. The company has a quick ratio of 6.86, a current ratio of 9.48 and a debt-to-equity ratio of 0.84.

Olaplex (NASDAQ:OLPX – Get Rating) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Olaplex had a return on equity of 44.03% and a net margin of 34.66%. The firm had revenue of $130.72 million for the quarter, compared to analysts’ expectations of $133.08 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue was down 21.5% on a year-over-year basis. On average, equities analysts forecast that Olaplex Holdings, Inc. will post 0.28 EPS for the current fiscal year.

About Olaplex

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Olaplex Holdings, Inc manufactures and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair. It provides hair care products to professional hair salons, retailers, and everyday consumers. The company was founded in 2014 and is based in Santa Barbara, California.