Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX – Get Rating) have received a consensus rating of "Hold" from the fourteen research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $9.15.
A number of research analysts recently weighed in on OLPX shares. Morgan Stanley reduced their price objective on shares of Olaplex from $6.50 to $6.00 and set an "equal weight" rating for the company in a research note on Thursday, November 10th. Bank of America lowered shares of Olaplex from a "buy" rating to an "underperform" rating and reduced their price objective for the company from $15.00 to $5.00 in a research note on Wednesday, October 19th. Canaccord Genuity Group began coverage on shares of Olaplex in a research note on Wednesday, November 16th. They issued a "buy" rating for the company. Jefferies Financial Group lowered shares of Olaplex from a "buy" rating to a "hold" rating and reduced their price target for the company from $18.00 to $6.00 in a research report on Wednesday, October 19th. Finally, The Goldman Sachs Group reduced their price target on shares of Olaplex from $22.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, October 10th.
Get Olaplex alerts:Olaplex Trading Up 1.9 %
NASDAQ:OLPX opened at $6.42 on Wednesday. The company has a current ratio of 5.61, a quick ratio of 3.91 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.17 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.40 and a beta of 1.41. The firm's 50 day moving average is $5.55 and its 200 day moving average is $9.76. Olaplex has a 12 month low of $3.80 and a 12 month high of $22.48.
Olaplex (NASDAQ:OLPX – Get Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Olaplex had a net margin of 37.80% and a return on equity of 52.06%. The business had revenue of $176.45 million during the quarter, compared to analyst estimates of $176.26 million. Sell-side analysts expect that Olaplex will post 0.44 earnings per share for the current year.Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Olaplex in the second quarter worth $218,000. Bridgewater Associates LP grew its position in Olaplex by 10.8% in the second quarter. Bridgewater Associates LP now owns 244,100 shares of the company's stock worth $3,439,000 after acquiring an additional 23,718 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Olaplex by 76.3% in the second quarter. Artemis Investment Management LLP now owns 342,649 shares of the company's stock worth $4,832,000 after purchasing an additional 148,243 shares during the last quarter. Xponance Inc. bought a new stake in Olaplex in the second quarter worth $212,000. Finally, FMR LLC lifted its stake in Olaplex by 97.4% in the second quarter. FMR LLC now owns 16,916,307 shares of the company's stock worth $238,350,000 after purchasing an additional 8,345,509 shares during the last quarter. 91.50% of the stock is currently owned by hedge funds and other institutional investors.
About Olaplex
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Olaplex Holdings, Inc manufactures and sells hair care products. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair. It provides hair care products to professional hair salons, retailers, and everyday consumers. The company was founded in 2014 and is based in Santa Barbara, California.
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