Olaplex’s (OLPX) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a report released on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $2.00 target price on the stock.

Other equities analysts have also recently issued research reports about the company. Barclays boosted their price objective on Olaplex from $1.40 to $1.50 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Wall Street Zen raised Olaplex from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Zacks Research downgraded shares of Olaplex from a “hold” rating to a “strong sell” rating in a research report on Monday, October 27th. Canaccord Genuity Group upgraded shares of Olaplex from a “hold” rating to a “buy” rating and upped their price objective for the stock from $1.50 to $2.00 in a research report on Monday, August 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Olaplex in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $1.88.

Olaplex Price Performance

NASDAQ OLPX opened at $1.04 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.20 and a current ratio of 3.86. The firm’s 50 day moving average price is $1.31 and its 200-day moving average price is $1.35. Olaplex has a 52-week low of $1.01 and a 52-week high of $2.28. The company has a market cap of $693.76 million, a PE ratio of 26.00 and a beta of 2.29.

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 analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $106.28 million for the quarter, compared to the consensus estimate of $100.30 million. Olaplex had a negative net margin of 0.30% and a positive return on equity of 3.32%. Olaplex’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 earnings per share. Olaplex has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Olaplex will post 0.1 EPS for the current fiscal year.

Institutional Trading of Olaplex

Several large investors have recently bought and sold shares of OLPX. Teacher Retirement System of Texas purchased a new stake in Olaplex during the 1st quarter valued at about $25,000. R Squared Ltd purchased a new stake in Olaplex during the 2nd quarter valued at about $25,000. Chilton Capital Management LLC purchased a new stake in Olaplex during the 3rd quarter valued at about $26,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Olaplex in the 3rd quarter valued at approximately $32,000. Finally, Hsbc Holdings PLC grew its stake in shares of Olaplex by 80.6% in the 1st quarter. Hsbc Holdings PLC now owns 35,902 shares of the company’s stock valued at $46,000 after buying an additional 16,023 shares during the period. Hedge funds and other institutional investors own 87.37% of the company’s stock.

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.