Belpointe Asset Management LLC Reduces Stock Holdings in Olaplex Holdings, Inc. $OLPX

Belpointe Asset Management LLC cut its holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 24.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,670 shares of the company’s stock after selling 14,791 shares during the period. Belpointe Asset Management LLC’s holdings in Olaplex were worth $59,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in OLPX. T. Rowe Price Investment Management Inc. raised its position in Olaplex by 12.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 27,567,214 shares of the company’s stock worth $35,011,000 after acquiring an additional 3,066,614 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Olaplex by 287.6% during the 1st quarter. Russell Investments Group Ltd. now owns 713,320 shares of the company’s stock worth $906,000 after purchasing an additional 529,269 shares in the last quarter. TD Asset Management Inc raised its position in shares of Olaplex by 15.2% during the 1st quarter. TD Asset Management Inc now owns 678,942 shares of the company’s stock worth $862,000 after purchasing an additional 89,698 shares during the last quarter. Nantahala Capital Management LLC purchased a new stake in Olaplex in the 1st quarter valued at approximately $826,000. Finally, MYDA Advisors LLC acquired a new stake in Olaplex during the 1st quarter valued at $762,000. 87.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Olaplex Stock Performance

Olaplex stock opened at $1.45 on Wednesday. The company has a market cap of $967.27 million, a price-to-earnings ratio of 35.75 and a beta of 2.34. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.86 and a quick ratio of 3.20. Olaplex Holdings, Inc. has a 12 month low of $1.01 and a 12 month high of $2.77. The stock’s 50-day moving average is $1.43 and its 200-day moving average is $1.37.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $100.30 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Olaplex’s quarterly revenue 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.

Olaplex 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.