Olaplex Holdings, Inc. (NASDAQ:OLPX – Get Free Report) VP Kristi A. Belhumeur sold 42,480 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $1.68, for a total transaction of $71,366.40. Following the completion of the sale, the vice president now directly owns 294,553 shares in the company, valued at approximately $494,849.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Olaplex Price Performance
Shares of NASDAQ:OLPX opened at $1.59 on Thursday. The company has a 50 day moving average of $1.65 and a 200 day moving average of $1.96. The stock has a market cap of $1.05 billion, a P/E ratio of 22.71 and a beta of 2.34. Olaplex Holdings, Inc. has a 12 month low of $1.19 and a 12 month 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.
Olaplex (NASDAQ:OLPX – Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $98.90 million during the quarter, compared to analysts’ expectations of $95.15 million. Olaplex had a net margin of 10.91% and a return on equity of 11.68%. Olaplex’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. As a group, sell-side analysts forecast that Olaplex Holdings, Inc. will post 0.14 EPS for the current fiscal year.
Hedge Funds Weigh In On Olaplex
Analysts Set New Price Targets
Several research firms have recently issued reports on OLPX. Piper Sandler raised shares of Olaplex from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $1.25 to $2.00 in a research report on Tuesday, March 19th. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research report on Thursday, May 2nd. Finally, Truist Financial lowered their price target on shares of Olaplex from $7.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Olaplex presently has an average rating of “Hold” and an average price target of $2.59.
Check Out Our Latest Stock Analysis on Olaplex
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.
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