Olaplex (NASDAQ:OLPX) Stock Price Down 5.3%

Shares of Olaplex Holdings, Inc. (NASDAQ:OLPXGet Rating) fell 5.3% during trading on Thursday . The stock traded as low as $14.60 and last traded at $14.72. 23,077 shares changed hands during trading, a decline of 99% from the average session volume of 2,337,289 shares. The stock had previously closed at $15.55.

Several research firms recently commented on OLPX. Jefferies Financial Group upgraded shares of Olaplex from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, February 23rd. Zacks Investment Research cut shares of Olaplex from a “buy” rating to a “hold” rating in a research note on Friday, February 25th. Piper Sandler reduced their target price on shares of Olaplex from $36.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday. Raymond James reduced their target price on shares of Olaplex from $28.00 to $24.00 and set a “strong-buy” rating for the company in a research note on Monday, April 18th. Finally, Barclays upgraded shares of Olaplex from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $29.00 to $17.00 in a research note on Wednesday, March 9th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $31.08.

The company has a quick ratio of 3.25, a current ratio of 4.60 and a debt-to-equity ratio of 1.41. The company’s fifty day simple moving average is $15.96 and its 200-day simple moving average is $21.96.

Olaplex (NASDAQ:OLPXGet Rating) last announced its quarterly earnings results on Tuesday, March 8th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The business had revenue of $166.50 million during the quarter, compared to the consensus estimate of $157.06 million. Olaplex’s revenue was up 78.6% on a year-over-year basis. On average, equities research analysts forecast that Olaplex Holdings, Inc. will post 0.54 earnings per share for the current fiscal year.

In other Olaplex news, CFO Eric Tiziani purchased 20,000 shares of the stock in a transaction on Thursday, March 10th. The shares were purchased at an average price of $14.78 per share, with a total value of $295,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Large investors have recently modified their holdings of the company. UBS Group AG acquired a new stake in shares of Olaplex in the 3rd quarter valued at $25,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of Olaplex in the 4th quarter valued at $68,000. Daiwa Securities Group Inc. acquired a new stake in shares of Olaplex in the 3rd quarter valued at $101,000. Penserra Capital Management LLC acquired a new stake in shares of Olaplex in the 4th quarter valued at $127,000. Finally, Walleye Trading LLC acquired a new stake in shares of Olaplex in the 4th quarter valued at $208,000. Institutional investors own 89.93% of the company’s stock.

About Olaplex (NASDAQ:OLPX)

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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