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 firm’s 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 sale, the vice president now owns 294,553 shares of the company’s stock, valued at $494,849.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Olaplex Price Performance

Olaplex stock opened at $1.52 on Wednesday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 21.71 and a beta of 2.34. The stock’s 50 day moving average is $1.65 and its 200-day moving average is $1.97. The company has a current ratio of 10.92, a quick ratio of 9.21 and a debt-to-equity ratio of 0.77. Olaplex Holdings, Inc. has a 12 month low of $1.19 and a 12 month high of $4.27.

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

Hedge Funds Weigh In On Olaplex

Several institutional investors and hedge funds have recently modified their holdings of OLPX. Waldron Private Wealth LLC raised 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 worth $41,000 after purchasing an additional 6,213 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Olaplex by 2,108.4% in the fourth quarter. Quadrant Capital Group LLC now owns 10,048 shares of the company’s stock valued at $26,000 after buying an additional 9,593 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Olaplex by 2,463.8% in the fourth quarter. Quent Capital LLC now owns 11,178 shares of the company’s stock valued at $28,000 after buying an additional 10,742 shares during the period. Pathstone Family Office LLC grew its position in Olaplex by 95.1% during the third quarter. Pathstone Family Office LLC now owns 26,287 shares of the company’s stock worth $51,000 after buying an additional 12,813 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Olaplex during the fourth quarter worth approximately $35,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.