Olaplex’s (OLPX) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a report published on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $2.00 target price on the stock.

Several other analysts also recently commented on OLPX. Barclays raised their target price on Olaplex from $1.50 to $1.70 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Piper Sandler raised their target price on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a research note on Monday, January 6th.

Olaplex Stock Performance

Shares of Olaplex stock opened at $1.33 on Wednesday. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $1.51 and a two-hundred day moving average price of $1.87. Olaplex has a 1-year low of $1.19 and a 1-year high of $2.77. The company has a market cap of $883.94 million, a P/E ratio of 22.17 and a beta of 2.44.

Insider Buying and Selling at Olaplex

In other Olaplex news, General Counsel John C. Duffy sold 35,013 shares of Olaplex stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $1.44, for a total transaction of $50,418.72. Following the transaction, the general counsel now owns 348,630 shares of the company’s stock, valued at $502,027.20. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Trisha L. Fox sold 26,526 shares of Olaplex stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.44, for a total transaction of $38,197.44. Following the transaction, the insider now directly owns 461,548 shares in the company, valued at approximately $664,629.12. This represents a 5.43 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Olaplex

Several hedge funds have recently modified their holdings of the company. Chemistry Wealth Management LLC bought a new stake in shares of Olaplex in the 4th quarter worth approximately $25,000. Cinctive Capital Management LP bought a new stake in shares of Olaplex in the 3rd quarter worth approximately $38,000. Abel Hall LLC raised its holdings in shares of Olaplex by 68.1% in the 3rd quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock worth $43,000 after purchasing an additional 7,397 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Olaplex in the 4th quarter worth approximately $34,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Olaplex in the 4th quarter worth approximately $35,000. Institutional investors own 87.37% of the company’s stock.

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.