Key Points
- Insider sale: Olaplex insider Trisha Fox sold 16,324 shares at an average price of $2.04, totaling about $33,300.96. The filing says the sale was made to cover tax withholding obligations tied to vesting equity awards.
- Recent performance: Olaplex reported quarterly earnings of $0.02 per share, beating expectations of $0.01, on revenue of $99.37 million, which also topped estimates. Revenue rose 2.5% year over year.
- Analyst sentiment: Wall Street currently has a Hold consensus on OLPX, with an average price target of $1.92. The stock has recently traded near its 52-week high of $2.06.
Olaplex Holdings, Inc. (NASDAQ:OLPX - Get Free Report) insider Trisha Fox sold 16,324 shares of the company's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $2.04, for a total transaction of $33,300.96. Following the completion of the transaction, the insider directly owned 1,064,039 shares in the company, valued at $2,170,639.56. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Olaplex Trading Up 1.0%
NASDAQ OLPX opened at $2.06 on Thursday. Olaplex Holdings, Inc. has a 1-year low of $0.99 and a 1-year high of $2.06. The company has a current ratio of 6.27, a quick ratio of 5.34 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.38 billion, a PE ratio of -103.00 and a beta of 1.87. The firm's fifty day simple moving average is $1.93 and its 200-day simple moving average is $1.58.
Olaplex (NASDAQ:OLPX - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. Olaplex had a negative net margin of 3.53% and a positive return on equity of 2.23%. The business had revenue of $99.37 million for the quarter, compared to the consensus estimate of $94.11 million. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Olaplex Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have commented on OLPX shares. Barclays increased their target price on shares of Olaplex from $1.75 to $2.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 14th. Zacks Research raised shares of Olaplex from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 12th. Morgan Stanley set a $1.40 target price on shares of Olaplex in a research report on Tuesday, March 10th. Wall Street Zen raised shares of Olaplex from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Evercore set a $2.50 target price on shares of Olaplex in a research report on Friday, March 6th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $1.92.
View Our Latest Research Report on OLPX
Institutional Investors Weigh In On Olaplex
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Olaplex in the first quarter valued at about $36,000. Headlands Technologies LLC acquired a new stake in shares of Olaplex in the fourth quarter valued at about $25,000. Abel Hall LLC acquired a new stake in shares of Olaplex in the fourth quarter valued at about $27,000. Chilton Capital Management LLC acquired a new stake in shares of Olaplex in the third quarter valued at about $26,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Olaplex in the third quarter valued at about $30,000. 87.37% of the stock is owned by institutional investors and hedge funds.
Olaplex Company Profile
(
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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