Telsey Advisory Group Forecasts Strong Price Appreciation for Olaplex (NASDAQ:OLPX) Stock

Olaplex (NASDAQ:OLPX) had its target price lifted by stock analysts at Telsey Advisory Group from $2.00 to $2.06 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 1.98% from the stock’s previous close.

Several other analysts have also issued reports on OLPX. Evercore set a $2.50 price target on shares of Olaplex in a research report on Friday, March 6th. Wall Street Zen upgraded Olaplex from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Barclays set a $1.75 target price on Olaplex in a research note on Friday, January 16th. Northland Securities cut Olaplex from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1.89.

Olaplex Trading Up 0.5%

Shares of OLPX stock opened at $2.02 on Friday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -202.00 and a beta of 2.24. Olaplex has a 52-week low of $0.99 and a 52-week high of $2.02. The company has a 50-day simple moving average of $1.51 and a two-hundred day simple moving average of $1.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.00 and a current ratio of 4.58.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Olaplex had a negative net margin of 2.19% and a positive return on equity of 1.07%. The firm had revenue of $105.12 million during the quarter, compared to analyst estimates of $104.21 million. During the same period in the previous year, the business posted $0.01 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Olaplex will post 0.1 EPS for the current fiscal year.

Insider Transactions at Olaplex

In related news, General Counsel John C. Duffy sold 34,962 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $1.26, for a total value of $44,052.12. Following the sale, the general counsel directly owned 982,855 shares of the company’s stock, valued at $1,238,397.30. This trade represents a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Trisha L. Fox sold 25,421 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $1.26, for a total value of $32,030.46. Following the transaction, the insider owned 1,080,363 shares in the company, valued at approximately $1,361,257.38. This represents a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 215,442 shares of company stock worth $271,457. Company insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On Olaplex

Hedge funds have recently made changes to their positions in the business. Archon Capital Management LLC lifted its stake in Olaplex by 40.4% in the fourth quarter. Archon Capital Management LLC now owns 4,466,876 shares of the company’s stock worth $5,986,000 after acquiring an additional 1,284,557 shares during the period. Geode Capital Management LLC increased its position in Olaplex by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 3,865,034 shares of the company’s stock valued at $5,180,000 after purchasing an additional 106,048 shares during the period. Portolan Capital Management LLC increased its position in Olaplex by 132.6% during the 3rd quarter. Portolan Capital Management LLC now owns 3,635,124 shares of the company’s stock valued at $4,762,000 after purchasing an additional 2,072,383 shares during the period. Ninety One UK Ltd raised its holdings in Olaplex by 4.1% in the 4th quarter. Ninety One UK Ltd now owns 3,525,027 shares of the company’s stock worth $4,724,000 after purchasing an additional 139,109 shares in the last quarter. Finally, State Street Corp raised its holdings in Olaplex by 3.5% in the 4th quarter. State Street Corp now owns 3,059,988 shares of the company’s stock worth $4,100,000 after purchasing an additional 103,875 shares in the last quarter. 87.37% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Olaplex

Here are the key news stories impacting Olaplex this week:

• Positive Sentiment: Henkel agreed to acquire Olaplex for $2.06 per share (≈$1.4 billion), a ~55% premium to the pre-announcement close; the deal is being pitched as enabling greater investment and distribution for the brand. OLAPLEX to be Acquired by Henkel for $1.4 Billion
• Positive Sentiment: Heavy bullish activity and strong market reaction: premarket headlines and commentary noted a large surge after the announcement, and unusual options activity (large buy of calls) signaled speculative and takeover-arbitrage positioning. Wall Street Breakfast Podcast: Henkel Adds Shine With Olaplex
• Neutral Sentiment: Small analyst adjustments: Telsey Advisory Group raised its price target marginally to $2.06 and kept a “market perform” rating — a modest validation of the deal price but not a strong new bullish signal. Benzinga
• Negative Sentiment: Multiple shareholder-law firms have launched investigations into whether Olaplex shareholders received a fair price or whether there were breaches of fiduciary duty in connection with the sale — this raises litigation risk and could complicate closing/timing. M&A Class Action Firm Announces Investigation Ademi Firm Investigates Fair Price
• Negative Sentiment: Critical analysis and a downgrade: commentary pieces flagged negative implications of the sale for certain stakeholders, and Northland downgraded the stock from “strong-buy” to “hold” — both could reduce enthusiasm among some investors. Henkel Buys Olaplex – Implications Are Negative Zacks (Northland downgrade)

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.