Vanguard Personalized Indexing Management LLC Buys 36,887 Shares of Olaplex Holdings, Inc. $OLPX

Vanguard Personalized Indexing Management LLC raised its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 166.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,016 shares of the company’s stock after purchasing an additional 36,887 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Olaplex were worth $83,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OLPX. Teacher Retirement System of Texas purchased a new stake in Olaplex in the first quarter worth approximately $25,000. Hsbc Holdings PLC lifted its holdings in shares of Olaplex by 80.6% in the 1st quarter. Hsbc Holdings PLC now owns 35,902 shares of the company’s stock worth $46,000 after acquiring an additional 16,023 shares during the last quarter. Scoggin Management LP purchased a new stake in shares of Olaplex in the 1st quarter valued at $64,000. American Alpha Advisors LLC grew its holdings in shares of Olaplex by 100.0% during the 1st quarter. American Alpha Advisors LLC now owns 50,000 shares of the company’s stock valued at $64,000 after purchasing an additional 25,000 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in Olaplex by 20.0% in the 1st quarter. MetLife Investment Management LLC now owns 70,438 shares of the company’s stock worth $89,000 after purchasing an additional 11,759 shares during the period. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

Olaplex Price Performance

OLPX opened at $1.10 on Monday. The company has a current ratio of 3.86, a quick ratio of 3.20 and a debt-to-equity ratio of 0.40. The company has a market cap of $733.79 million, a price-to-earnings ratio of 28.25 and a beta of 2.31. The stock has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $1.36. Olaplex Holdings, Inc. has a 12-month low of $1.01 and a 12-month high of $2.28.

Olaplex (NASDAQ:OLPX) last released its earnings results 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 negative net margin of 0.30% and a positive return on equity of 3.32%. 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 previous year, the business posted $0.03 earnings per share. Olaplex’s revenue for the quarter was up 2.3% on a year-over-year basis. Olaplex has set its FY 2025 guidance at EPS. Research analysts predict that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OLPX. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a research note on Thursday, August 7th. Wall Street Zen upgraded Olaplex from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a report on Saturday. Canaccord Genuity Group raised shares of Olaplex from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1.50 to $2.00 in a research note on Monday, August 25th. Finally, Barclays increased their price target on shares of Olaplex from $1.40 to $1.50 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Olaplex presently has a consensus rating of “Hold” and an average price target of $1.88.

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.