Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) insider Trisha Fox sold 25,421 shares of the firm's stock in a transaction on Thursday, March 12th. The stock was 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 $1,361,257.38. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Olaplex Stock Performance
Olaplex stock opened at $1.25 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.58 and a quick ratio of 4.00. Olaplex Holdings, Inc. has a 12 month low of $0.99 and a 12 month high of $1.84. The company has a fifty day moving average price of $1.54 and a two-hundred day moving average price of $1.35. The company has a market cap of $836.75 million, a PE ratio of -125.00 and a beta of 2.24.
Olaplex (NASDAQ:OLPX - Get Free Report) last issued its earnings results 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 company had revenue of $105.12 million for the quarter, compared to analysts' expectations of $104.21 million. During the same period in the prior year, the company earned $0.01 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year. Research analysts expect that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on OLPX shares. Weiss Ratings reissued a "sell (d)" rating on shares of Olaplex in a report on Thursday, January 22nd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Olaplex in a report on Wednesday, March 4th. Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 price target on shares of Olaplex in a research report on Monday, March 2nd. Barclays set a $1.75 price target on Olaplex in a report on Friday, January 16th. Finally, Northland Securities initiated coverage on Olaplex in a research report on Thursday, November 20th. They set an "outperform" rating and a $2.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $1.88.
Read Our Latest Stock Analysis on Olaplex
Institutional Trading of Olaplex
Several hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in Olaplex during the 4th quarter valued at about $25,000. Chilton Capital Management LLC acquired a new stake in shares of Olaplex in the third quarter valued at approximately $26,000. Abel Hall LLC acquired a new stake in shares of Olaplex in the fourth quarter valued at approximately $27,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Olaplex during the third quarter valued at approximately $30,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Olaplex during the third quarter worth approximately $32,000. 87.37% of the stock is currently owned by institutional investors.
Olaplex Company Profile
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Get Free Report)
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.
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