Olaplex Holdings, Inc. $OLPX Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its position in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 13.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,688 shares of the company’s stock after selling 11,468 shares during the quarter. Deutsche Bank AG’s holdings in Olaplex were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OLPX. Teacher Retirement System of Texas purchased a new stake in shares of Olaplex during the first quarter worth about $25,000. Hsbc Holdings PLC purchased a new position in shares of Olaplex during the fourth quarter valued at approximately $34,000. BNP Paribas Financial Markets purchased a new position in shares of Olaplex during the fourth quarter valued at approximately $35,000. ProShare Advisors LLC boosted its position in Olaplex by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 39,052 shares of the company’s stock worth $68,000 after acquiring an additional 12,852 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in Olaplex in the 4th quarter worth approximately $102,000. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

Olaplex Stock Performance

Olaplex stock opened at $1.43 on Tuesday. The company has a market cap of $953.92 million, a price-to-earnings ratio of 35.75 and a beta of 2.34. Olaplex Holdings, Inc. has a 12 month low of $1.01 and a 12 month high of $2.77. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.86 and a quick ratio of 3.20. The stock’s 50-day moving average is $1.45 and its 200-day moving average is $1.37.

Olaplex (NASDAQ:OLPX) last posted its earnings results on Thursday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Olaplex had a positive return on equity of 3.32% and a negative net margin of 0.30%.The business had revenue of $106.28 million for the quarter, compared to analyst estimates of $100.30 million. During the same period last year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Olaplex has set its FY 2025 guidance at EPS. Equities analysts anticipate that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on OLPX. Wall Street Zen raised Olaplex from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a research note on Thursday, August 7th. Barclays raised their price target on Olaplex from $1.40 to $1.50 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Finally, Canaccord Genuity Group upgraded Olaplex from a “hold” rating to a “buy” rating and lifted their price target for the company from $1.50 to $2.00 in a report on Monday, August 25th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1.88.

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.