Olaplex (NASDAQ:OLPX) Upgraded at Wall Street Zen

Olaplex (NASDAQ:OLPX) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Other equities research analysts also recently issued reports about the company. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a report on Friday, May 9th. Barclays upped their price objective on Olaplex from $1.20 to $1.40 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1.85.

Olaplex Stock Performance

Shares of OLPX opened at $1.44 on Friday. The company has a market cap of $958.69 million, a PE ratio of 72.04 and a beta of 2.33. The company has a current ratio of 10.74, a quick ratio of 9.53 and a debt-to-equity ratio of 0.73. Olaplex has a 12-month low of $1.01 and a 12-month high of $2.77. The stock has a 50-day moving average price of $1.37 and a 200-day moving average price of $1.41.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.02). The firm had revenue of $96.98 million for the quarter, compared to analysts’ expectations of $93.82 million. Olaplex had a net margin of 2.91% and a return on equity of 6.36%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. As a group, equities analysts forecast that Olaplex will post 0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Olaplex

Several institutional investors have recently modified their holdings of the stock. Deutsche Bank AG lifted its stake in shares of Olaplex by 33.2% during the 4th quarter. Deutsche Bank AG now owns 86,156 shares of the company’s stock worth $149,000 after acquiring an additional 21,454 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Olaplex during the 1st quarter worth $239,000. KLP Kapitalforvaltning AS acquired a new stake in Olaplex during the 4th quarter worth about $43,000. Boston Partners lifted its position in Olaplex by 276.0% during the 4th quarter. Boston Partners now owns 6,674,169 shares of the company’s stock worth $11,257,000 after acquiring an additional 4,899,171 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Olaplex by 9.6% in the 4th quarter. Renaissance Technologies LLC now owns 3,076,969 shares of the company’s stock valued at $5,323,000 after buying an additional 268,969 shares during the period. 87.37% of the stock is owned by institutional investors.

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.