Olaplex (NASDAQ:OLPX) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Olaplex (NASDAQ:OLPX) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on OLPX. Barclays lifted their target price on Olaplex from $1.40 to $1.50 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. 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. 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. Wall Street Zen upgraded Olaplex from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Olaplex currently has a consensus rating of “Reduce” and an average target price of $1.88.

Olaplex Trading Down 6.3%

NASDAQ OLPX opened at $1.04 on Monday. The company has a 50-day moving average of $1.33 and a 200-day moving average of $1.36. The company has a market cap of $693.76 million, a P/E ratio of 27.75 and a beta of 2.31. Olaplex has a 12 month low of $1.01 and a 12 month high of $2.28. 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 (NASDAQ:OLPX) last released its earnings results on Thursday, August 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $106.28 million for the quarter, compared to analysts’ expectations of $100.30 million. Olaplex had a negative net margin of 0.30% and a positive return on equity of 3.32%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. Olaplex has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Olaplex will post 0.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OLPX. Teacher Retirement System of Texas acquired a new stake in shares of Olaplex in the first quarter valued at approximately $25,000. TD Asset Management Inc lifted its holdings in 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. Kapitalo Investimentos Ltda acquired a new stake in Olaplex during the 1st quarter worth approximately $123,000. XTX Topco Ltd lifted its holdings in Olaplex by 71.6% during the 1st quarter. XTX Topco Ltd now owns 104,385 shares of the company’s stock worth $133,000 after purchasing an additional 43,565 shares during the last quarter. Finally, Virtu Financial LLC lifted its holdings in Olaplex by 135.2% during the 1st quarter. Virtu Financial LLC now owns 74,454 shares of the company’s stock worth $95,000 after purchasing an additional 42,796 shares during the last quarter. 87.37% of the stock is currently owned by institutional investors.

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.