Olaplex Holdings, Inc. (NASDAQ:OLPX) Receives Average Rating of “Hold” from Brokerages

Olaplex Holdings, Inc. (NASDAQ:OLPX) has received a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $1.85.

OLPX has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on shares of Olaplex in a research note on Wednesday, January 14th. They set a “hold” rating and a $1.50 price target on the stock. Zacks Research upgraded Olaplex from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research report on Friday, November 7th. Wall Street Zen lowered Olaplex from a “hold” rating to a “sell” rating in a report on Sunday, February 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Olaplex in a research note on Thursday, January 22nd.

Olaplex Stock Performance

OLPX opened at $1.61 on Monday. The company has a market cap of $1.07 billion, a P/E ratio of 80.50 and a beta of 2.24. The company has a quick ratio of 3.52, a current ratio of 4.16 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $1.54 and its 200-day moving average price is $1.36. Olaplex has a 52-week low of $0.99 and a 52-week high of $1.84.

Institutional Trading of Olaplex

Institutional investors and hedge funds have recently bought and sold shares of the business. Fund 1 Investments LLC purchased a new stake in shares of Olaplex in the 4th quarter valued at $1,023,000. Abel Hall LLC acquired a new position in Olaplex during the fourth quarter valued at $27,000. Jump Financial LLC boosted its holdings in Olaplex by 193.7% in the fourth quarter. Jump Financial LLC now owns 29,800 shares of the company’s stock valued at $40,000 after purchasing an additional 19,653 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Olaplex by 284.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,909,836 shares of the company’s stock valued at $2,559,000 after purchasing an additional 1,413,423 shares during the last quarter. Finally, Barclays PLC grew its position in Olaplex by 9.5% during the 4th quarter. Barclays PLC now owns 245,088 shares of the company’s stock worth $328,000 after purchasing an additional 21,292 shares during the period. 87.37% of the stock is currently owned by institutional investors and hedge funds.

About Olaplex

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.