Greenleaf Trust Makes New Investment in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Greenleaf Trust acquired a new position in Olaplex Holdings, Inc. (NASDAQ:OLPX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,910 shares of the company’s stock, valued at approximately $61,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Olaplex by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,638,957 shares of the company’s stock worth $18,796,000 after buying an additional 787,242 shares during the period. Pacer Advisors Inc. lifted its position in shares of Olaplex by 34.8% during the 4th quarter. Pacer Advisors Inc. now owns 8,232,661 shares of the company’s stock worth $20,911,000 after buying an additional 2,124,323 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Olaplex during the 4th quarter worth approximately $3,996,000. Hsbc Holdings PLC lifted its position in shares of Olaplex by 86.5% during the 3rd quarter. Hsbc Holdings PLC now owns 627,989 shares of the company’s stock worth $1,221,000 after buying an additional 291,191 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Olaplex by 119,729.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 336,722 shares of the company’s stock worth $855,000 after buying an additional 336,441 shares during the period. Institutional investors own 87.37% of the company’s stock.

Olaplex Stock Down 2.2 %

NASDAQ:OLPX opened at $1.32 on Friday. Olaplex Holdings, Inc. has a 1 year low of $1.19 and a 1 year high of $4.27. The company has a current ratio of 10.92, a quick ratio of 9.21 and a debt-to-equity ratio of 0.77. The stock has a market cap of $873.00 million, a price-to-earnings ratio of 14.67 and a beta of 2.28. The stock has a 50-day moving average price of $1.74 and a two-hundred day moving average price of $1.97.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $111.72 million during the quarter, compared to analysts’ expectations of $108.29 million. Olaplex had a return on equity of 13.09% and a net margin of 13.44%. Olaplex’s revenue for the quarter was down 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. As a group, equities analysts expect that Olaplex Holdings, Inc. will post 0.14 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial dropped their price target on Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a report on Monday, March 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price target on shares of Olaplex in a report on Friday, April 5th. Finally, Piper Sandler raised Olaplex from an “underweight” rating to a “neutral” rating and raised their price target for the company from $1.25 to $2.00 in a report on Tuesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.