Olaplex (NASDAQ:OLPX) Shares Gap Down – Time to Sell?

Olaplex Holdings, Inc. (NASDAQ:OLPX) gapped down prior to trading on Friday . The stock had previously closed at $1.24, but opened at $1.17. Olaplex shares last traded at $1.2250, with a volume of 700,362 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Evercore set a $2.50 target price on shares of Olaplex in a research note on Friday, March 6th. Wall Street Zen upgraded shares of Olaplex from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Barclays set a $1.75 price objective on shares of Olaplex in a research report on Friday, January 16th. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a report on Monday, March 2nd. Finally, Zacks Research raised Olaplex from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1.88.

Olaplex Stock Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.00 and a current ratio of 4.58. The company has a market capitalization of $803.28 million, a price-to-earnings ratio of -120.00 and a beta of 2.24. The firm has a 50-day simple moving average of $1.54 and a two-hundred day simple moving average of $1.36.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $105.12 million for the quarter, compared to analysts’ expectations of $104.21 million. Olaplex had a negative net margin of 2.19% and a positive return on equity of 1.07%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, sell-side analysts anticipate that Olaplex Holdings, Inc. will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Olaplex news, General Counsel John C. Duffy sold 34,824 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $1.26, for a total value of $43,878.24. Following the completion of the transaction, the general counsel owned 633,202 shares of the company’s stock, valued at $797,834.52. This trade represents a 5.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Trisha L. Fox sold 26,426 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $1.26, for a total transaction of $33,296.76. Following the completion of the transaction, the insider owned 721,169 shares of the company’s stock, valued at approximately $908,672.94. This trade represents a 3.53% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in Olaplex during the 4th quarter worth about $25,000. Chilton Capital Management LLC purchased a new position in shares of Olaplex in the 3rd quarter valued at about $26,000. Abel Hall LLC acquired a new position in shares of Olaplex during the fourth quarter worth about $27,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Olaplex during the third quarter worth about $30,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Olaplex during the third quarter worth approximately $32,000. 87.37% of the stock is owned by institutional investors and hedge funds.

Olaplex Company Profile

Olaplex, Inc (NASDAQ: OLPX) is a specialty haircare company known for its patented bond-building technology designed to repair and strengthen hair from within. The company’s core offerings encompass a range of professional salon treatments and at-home maintenance products that target chemical damage, breakage and split ends. Olaplex formulations are built around a proprietary active ingredient that works at the molecular level to rebuild disulfide bonds broken during bleaching, coloring and heat styling processes.

Founded in 2014 and headquartered in Irvine, California, Olaplex initially gained traction among high-end salons before expanding into broader retail channels.