Olaplex Holdings, Inc. (NASDAQ:OLPX) Receives $1.88 Consensus Target Price from Brokerages

Olaplex Holdings, Inc. (NASDAQ:OLPX) has received an average rating of “Reduce” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $1.8750.

OLPX has been the subject of a number of recent research reports. Barclays raised their target price on Olaplex from $1.40 to $1.50 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Olaplex in a report on Wednesday, October 8th. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price objective on shares of Olaplex in a research note on Thursday, August 7th. Canaccord Genuity Group raised shares of Olaplex from a “hold” rating to a “buy” rating and upped their price objective for the company from $1.50 to $2.00 in a report on Monday, August 25th. Finally, Zacks Research lowered shares of Olaplex from a “hold” rating to a “strong sell” rating in a research report on Monday.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Teacher Retirement System of Texas purchased a new stake in shares of Olaplex during the first quarter worth $25,000. R Squared Ltd purchased a new position in shares of Olaplex in the second quarter valued at $25,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Olaplex during the 3rd quarter valued at $32,000. Hsbc Holdings PLC lifted its holdings in Olaplex by 80.6% during the 1st quarter. Hsbc Holdings PLC now owns 35,902 shares of the company’s stock worth $46,000 after purchasing an additional 16,023 shares in the last quarter. Finally, Creative Planning lifted its holdings in Olaplex by 35.0% during the 2nd quarter. Creative Planning now owns 37,357 shares of the company’s stock worth $52,000 after purchasing an additional 9,690 shares in the last quarter. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

Olaplex Stock Up 1.0%

OLPX opened at $1.05 on Tuesday. Olaplex has a twelve month low of $1.01 and a twelve month high of $2.28. The company’s 50-day moving average price is $1.32 and its two-hundred day moving average price is $1.35. The stock has a market cap of $700.43 million, a price-to-earnings ratio of 26.00 and a beta of 2.31. 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 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 company 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 earned $0.03 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Olaplex has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Olaplex will post 0.1 earnings per share for the current year.

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.