Bleakley Financial Group LLC Takes Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Bleakley Financial Group LLC bought a new stake in Olaplex Holdings, Inc. (NASDAQ:OLPX) during the fourth quarter, HoldingsChannel reports. The firm bought 18,118 shares of the company’s stock, valued at approximately $46,000.

A number of other institutional investors have also modified their holdings of OLPX. Oak Thistle LLC acquired a new stake in shares of Olaplex in the 3rd quarter valued at about $25,000. American International Group Inc. raised its stake in Olaplex by 98.6% during the second quarter. American International Group Inc. now owns 1,940 shares of the company’s stock worth $27,000 after acquiring an additional 963 shares during the period. Quent Capital LLC raised its stake in Olaplex by 2,463.8% during the fourth quarter. Quent Capital LLC now owns 11,178 shares of the company’s stock worth $28,000 after acquiring an additional 10,742 shares during the period. Captrust Financial Advisors raised its stake in Olaplex by 156.2% during the second quarter. Captrust Financial Advisors now owns 1,998 shares of the company’s stock worth $28,000 after acquiring an additional 1,218 shares during the period. Finally, First Manhattan Co. raised its stake in Olaplex by 6,000.0% during the first quarter. First Manhattan Co. now owns 2,135 shares of the company’s stock worth $33,000 after acquiring an additional 2,100 shares during the period. Institutional investors and hedge funds own 87.37% of the company’s stock.

Olaplex Stock Performance

Shares of NASDAQ:OLPX opened at $1.38 on Wednesday. The stock has a market capitalization of $911.85 million, a price-to-earnings ratio of 15.34 and a beta of 2.28. Olaplex Holdings, Inc. has a 1-year low of $1.35 and a 1-year high of $4.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 9.21 and a current ratio of 10.92. The company has a 50 day moving average price of $1.86 and a 200 day moving average price of $2.00.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Olaplex had a net margin of 13.44% and a return on equity of 13.09%. The business had revenue of $111.72 million during the quarter, compared to the consensus estimate of $108.29 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s quarterly revenue was down 14.5% on a year-over-year basis. On average, research analysts anticipate that Olaplex Holdings, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OLPX shares. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research note on Friday, April 5th. Piper Sandler upgraded shares of Olaplex from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $1.25 to $2.00 in a research note on Tuesday, March 19th. Finally, Truist Financial dropped their price objective on shares of Olaplex from $7.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.59.

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.