Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 28.4% during the third quarter, Holdings Channel reports. The institutional investor owned 128,338 shares of the company’s stock after selling 50,799 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Olaplex were worth $302,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC bought a new position in Olaplex during the third quarter valued at about $28,000. Quarry LP acquired a new stake in Olaplex in the 2nd quarter valued at about $33,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of Olaplex by 38.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock valued at $40,000 after purchasing an additional 7,235 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Olaplex in the 2nd quarter worth approximately $43,000. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Olaplex in the 2nd quarter worth approximately $48,000. 87.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John P. Bilbrey bought 51,697 shares of the company’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $1.75 per share, with a total value of $90,469.75. Following the transaction, the director now directly owns 318,418 shares in the company, valued at approximately $557,231.50. This trade represents a 19.38 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OLPX has been the subject of a number of research reports. Barclays reduced their target price on shares of Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a report on Monday, November 11th. Telsey Advisory Group restated a “market perform” rating and issued a $3.00 target price on shares of Olaplex in a report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Olaplex has an average rating of “Hold” and a consensus target price of $2.30.

Olaplex Stock Performance

Olaplex stock opened at $1.81 on Friday. Olaplex Holdings, Inc. has a 52 week low of $1.19 and a 52 week high of $2.98. 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 firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 30.17 and a beta of 2.48. The company has a 50 day moving average price of $1.97 and a 200 day moving average price of $1.98.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $119.10 million for the quarter, compared to the consensus estimate of $126.51 million. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. Olaplex’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. Research analysts forecast that Olaplex Holdings, Inc. will post 0.11 EPS for the current year.

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.