Kristi A. Belhumeur Sells 42,480 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) VP Kristi A. Belhumeur sold 42,480 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1.68, for a total transaction of $71,366.40. Following the completion of the transaction, the vice president now directly owns 294,553 shares in the company, valued at $494,849.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Olaplex Stock Performance

Shares of NASDAQ:OLPX opened at $1.59 on Thursday. The company’s 50 day moving average price is $1.65 and its two-hundred day moving average price is $1.96. Olaplex Holdings, Inc. has a 12-month low of $1.19 and a 12-month high of $4.27. The firm has a market cap of $1.05 billion, a PE ratio of 22.71 and a beta of 2.34. The company has a quick ratio of 9.21, a current ratio of 10.92 and a debt-to-equity ratio of 0.77.

Olaplex (NASDAQ:OLPX) last announced its earnings results on Thursday, May 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Olaplex had a net margin of 10.91% and a return on equity of 11.68%. The firm had revenue of $98.90 million for the quarter, compared to analyst estimates of $95.15 million. During the same quarter in the prior year, the business posted $0.05 EPS. The business’s revenue was down 13.1% compared to the same quarter last year. Equities research analysts predict that Olaplex Holdings, Inc. will post 0.14 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Truist Financial lowered their price target on shares of Olaplex from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a report on Thursday, May 2nd. Finally, Piper Sandler raised shares of Olaplex from an “underweight” rating to a “neutral” rating and increased their price target for the company from $1.25 to $2.00 in a report on Tuesday, March 19th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $2.59.

Institutional Trading of Olaplex

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Olaplex by 2,108.4% during the 4th quarter. Quadrant Capital Group LLC now owns 10,048 shares of the company’s stock worth $26,000 after acquiring an additional 9,593 shares in the last quarter. Quent Capital LLC boosted its position in shares of Olaplex by 2,463.8% during the 4th quarter. Quent Capital LLC now owns 11,178 shares of the company’s stock worth $28,000 after acquiring an additional 10,742 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Olaplex during the 4th quarter worth approximately $35,000. Catalina Capital Group LLC acquired a new stake in shares of Olaplex during the 1st quarter worth approximately $31,000. Finally, Waldron Private Wealth LLC lifted its stake in Olaplex by 62.0% in the 4th quarter. Waldron Private Wealth LLC now owns 16,227 shares of the company’s stock valued at $41,000 after purchasing an additional 6,213 shares during the last quarter. Institutional investors and hedge funds 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.