Barclays Lowers Olaplex (NASDAQ:OLPX) Price Target to $1.50

Olaplex (NASDAQ:OLPX) had its price target decreased by research analysts at Barclays from $2.00 to $1.50 in a report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential downside of 11.76% from the company’s previous close.

OLPX has been the subject of a number of other reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $3.00 price target on shares of Olaplex in a report on Thursday, November 7th. TD Cowen boosted their target price on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.30.

Olaplex Trading Up 1.2 %

Shares of OLPX stock opened at $1.70 on Monday. The company has a market capitalization of $1.13 billion, a P/E ratio of 28.33 and a beta of 2.47. Olaplex has a 12-month low of $1.19 and a 12-month high of $2.98. The company has a quick ratio of 7.85, a current ratio of 9.27 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $2.15 and a 200 day moving average price of $1.90.

Olaplex (NASDAQ:OLPX) last posted its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Olaplex had a net margin of 9.78% and a return on equity of 10.57%. The company had revenue of $119.10 million during the quarter, compared to analysts’ expectations of $126.51 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Olaplex’s quarterly revenue was down 3.6% compared to the same quarter last year. Research analysts forecast that Olaplex will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Olaplex

In other Olaplex news, Director John P. Bilbrey acquired 183,493 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $2.05 per share, for a total transaction of $376,160.65. Following the completion of the acquisition, the director now directly owns 241,593 shares of the company’s stock, valued at approximately $495,265.65. This represents a 300.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ballentine Partners LLC acquired a new position in Olaplex in the third quarter valued at about $28,000. Quarry LP bought a new position in Olaplex during the 2nd quarter worth approximately $33,000. Catalina Capital Group LLC boosted its stake in Olaplex by 51.3% during the 2nd quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock worth $37,000 after acquiring an additional 8,172 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Olaplex by 38.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock valued at $40,000 after purchasing an additional 7,235 shares in the last quarter. Finally, Walleye Trading LLC acquired a new stake in Olaplex in the first quarter worth $53,000. 87.37% of the stock is currently owned by institutional investors.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.