Goldman Sachs Group Inc. Sells 146,384 Shares of Olaplex Holdings, Inc. $OLPX

Goldman Sachs Group Inc. lessened its holdings in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 14.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 876,087 shares of the company’s stock after selling 146,384 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.13% of Olaplex worth $1,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its stake in Olaplex by 12.5% in 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 buying an additional 3,066,614 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Olaplex by 287.6% in the first 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 holdings in Olaplex by 15.2% in the first 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 in the last quarter. Nantahala Capital Management LLC bought a new position in Olaplex in the first quarter worth $826,000. Finally, MYDA Advisors LLC bought a new position in Olaplex in the first quarter worth $762,000. Institutional investors own 87.37% of the company’s stock.

Olaplex Stock Down 4.1%

OLPX opened at $1.42 on Monday. The firm has a 50-day simple moving average of $1.43 and a two-hundred day simple moving average of $1.37. Olaplex Holdings, Inc. has a 52 week low of $1.01 and a 52 week high of $2.54. The company has a market capitalization of $947.25 million, a PE ratio of 35.50 and a beta of 2.34. The company has a quick ratio of 3.20, a current ratio of 3.86 and a debt-to-equity ratio of 0.40.

Olaplex (NASDAQ:OLPX) last issued its quarterly 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). The company had revenue of $106.28 million during the quarter, compared to the consensus estimate of $100.30 million. Olaplex had a positive return on equity of 3.32% and a negative net margin of 0.30%.The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share. Olaplex has set its FY 2025 guidance at EPS. Analysts forecast that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.