SG Americas Securities LLC Increases Stock Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

SG Americas Securities LLC raised its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX – Get Rating) by 18.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,945 shares of the company’s stock after buying an additional 8,555 shares during the quarter. SG Americas Securities LLC’s holdings in Olaplex were worth $281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Olaplex by 19.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,465,001 shares of the company’s stock worth $189,722,000 after purchasing an additional 2,193,104 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Olaplex in the 3rd quarter worth about $10,330,000. First Republic Investment Management Inc. purchased a new position in shares of Olaplex in the 2nd quarter worth about $10,700,000. Goldman Sachs Group Inc. raised its position in shares of Olaplex by 550.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 822,770 shares of the company’s stock worth $11,593,000 after purchasing an additional 696,244 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of Olaplex by 227.9% in the 1st quarter. Alyeska Investment Group L.P. now owns 923,420 shares of the company’s stock worth $14,433,000 after purchasing an additional 641,782 shares during the last quarter. Hedge funds and other institutional investors own 91.50% of the company’s stock.

Olaplex Trading Down 6.8 %

Shares of NASDAQ:OLPX opened at $3.70 on Wednesday. The stock has a 50 day moving average of $4.00 and a 200 day moving average of $5.01. The company has a market cap of $2.42 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.31 and a beta of 1.55. The company has a current ratio of 9.48, a quick ratio of 6.86 and a debt-to-equity ratio of 0.84. Olaplex Holdings, Inc. has a 12-month low of $3.27 and a 12-month high of $18.23.

Olaplex (NASDAQ:OLPX – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Olaplex had a return on equity of 44.03% and a net margin of 34.66%. The company had revenue of $130.72 million for the quarter, compared to analysts’ expectations of $133.08 million. During the same period in the previous year, the firm earned $0.10 EPS. The firm’s revenue was down 21.5% compared to the same quarter last year. As a group, equities research analysts expect that Olaplex Holdings, Inc. will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler lowered their price target on Olaplex from $5.00 to $4.00 in a research report on Thursday, March 16th. TD Cowen downgraded Olaplex from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $10.00 to $4.50 in a report on Thursday, March 16th. Truist Financial lifted their price objective on Olaplex from $10.00 to $15.00 in a report on Friday, March 3rd. Telsey Advisory Group reduced their price objective on Olaplex from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, March 1st. Finally, The Goldman Sachs Group downgraded Olaplex from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a report on Tuesday, February 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.79.

Olaplex Company Profile

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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.