Olaplex (NASDAQ:OLPX) Receives “Market Perform” Rating from Telsey Advisory Group

Olaplex (NASDAQ:OLPX)‘s stock had its “market perform” rating restated by investment analysts at Telsey Advisory Group in a research note issued to investors on Friday, Benzinga reports. They presently have a $2.00 price objective on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 49.25% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial lowered their price objective on shares of Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Piper Sandler upgraded shares of Olaplex from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $1.25 to $2.00 in a research report on Tuesday, March 19th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Olaplex currently has an average rating of “Hold” and a consensus target price of $2.59.

Olaplex Trading Up 1.5 %

OLPX opened at $1.34 on Friday. 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 capitalization of $886.22 million, a PE ratio of 14.89 and a beta of 2.28. Olaplex has a 1-year low of $1.19 and a 1-year high of $4.27. The firm has a 50-day moving average price of $1.73 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, meeting the consensus estimate of $0.03. The firm had revenue of $111.72 million during the quarter, compared to analysts’ expectations of $108.29 million. Olaplex had a net margin of 13.44% and a return on equity of 13.09%. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 EPS. As a group, equities analysts anticipate that Olaplex will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 787,242 shares during the last quarter. Pacer Advisors Inc. boosted its stake in 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 acquiring an additional 2,124,323 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Olaplex during the 4th quarter worth approximately $3,996,000. Hsbc Holdings PLC boosted its stake in 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 acquiring an additional 291,191 shares during the last quarter. Finally, Sanders Morris Harris LLC bought a new position in Olaplex during the 1st quarter worth approximately $660,000. Institutional investors own 87.37% of the company’s stock.

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.