Olaplex (NASDAQ:OLPX) Earns Market Perform Rating from Telsey Advisory Group

Olaplex (NASDAQ:OLPX)‘s stock had its “market perform” rating restated by research analysts at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $2.00 price objective on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 37.93% from the stock’s previous close.

OLPX has been the subject of several other research reports. Piper Sandler increased their price objective on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Barclays dropped their price target on shares of Olaplex from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $2.10.

Olaplex Stock Performance

Shares of NASDAQ OLPX opened at $1.45 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. The stock has a 50 day moving average price of $1.60 and a 200 day moving average price of $1.92. The stock has a market capitalization of $961.24 million, a PE ratio of 24.17 and a beta of 2.45. Olaplex has a 52 week low of $1.19 and a 52 week high of $2.77.

Institutional Investors Weigh In On Olaplex

Large investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC acquired a new position in shares of Olaplex in the third quarter valued at $28,000. Chemistry Wealth Management LLC acquired a new position in Olaplex in the 4th quarter valued at about $25,000. Cinctive Capital Management LP bought a new position in Olaplex in the 3rd quarter valued at about $38,000. Abel Hall LLC lifted its position in Olaplex by 68.1% during the third quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock worth $43,000 after acquiring an additional 7,397 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Olaplex during the fourth quarter worth approximately $34,000. Institutional investors own 87.37% of the company’s stock.

About Olaplex

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.