Trisha Fox Sells 26,426 Shares of Olaplex (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) insider Trisha Fox sold 26,426 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1.26, for a total value of $33,296.76. Following the sale, the insider owned 721,169 shares of the company’s stock, valued at $908,672.94. This represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Olaplex Price Performance

NASDAQ OLPX traded up $0.01 during trading hours on Wednesday, reaching $1.31. The company’s stock had a trading volume of 1,130,247 shares, compared to its average volume of 1,786,861. Olaplex Holdings, Inc. has a 1 year low of $0.99 and a 1 year high of $1.84. The company has a quick ratio of 4.00, a current ratio of 4.58 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $876.91 million, a price-to-earnings ratio of -131.00 and a beta of 2.24. The firm’s 50-day moving average price is $1.55 and its 200-day moving average price is $1.36.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $104.21 million. During the same quarter last year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Olaplex Holdings, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on OLPX shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a research report on Monday, March 2nd. Evercore set a $2.50 price objective on shares of Olaplex in a research note on Friday, March 6th. Barclays set a $1.75 price objective on Olaplex in a research report on Friday, January 16th. Northland Securities started coverage on shares of Olaplex in a research note on Thursday, November 20th. They set an “outperform” rating and a $2.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Olaplex from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1.88.

Institutional Trading of Olaplex

Several institutional investors and hedge funds have recently made changes to their positions in OLPX. Headlands Technologies LLC purchased a new stake in shares of Olaplex during the fourth quarter valued at $25,000. Chilton Capital Management LLC purchased a new position in Olaplex in the 3rd quarter worth about $26,000. Abel Hall LLC bought a new stake in Olaplex during the 4th quarter valued at about $27,000. Schonfeld Strategic Advisors LLC bought a new stake in Olaplex during the 3rd quarter valued at about $30,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Olaplex in the 3rd quarter valued at about $32,000. 87.37% of the stock is currently owned by institutional investors.

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.