Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 310,689 shares of the company’s stock after selling 10,327 shares during the period. Barclays PLC’s holdings in Olaplex were worth $729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of OLPX. Ballentine Partners LLC acquired a new position in Olaplex in the third quarter valued at $28,000. Quarry LP purchased a new stake in shares of Olaplex in the second quarter valued at about $33,000. Cinctive Capital Management LP purchased a new stake in shares of Olaplex in the third quarter valued at about $38,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Olaplex by 38.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock valued at $40,000 after buying an additional 7,235 shares during the last quarter. Finally, Abel Hall LLC raised its holdings in shares of Olaplex by 68.1% in the third quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock valued at $43,000 after buying an additional 7,397 shares during the last quarter. Institutional investors and hedge funds own 87.37% of the company’s stock.

Olaplex Trading Up 2.6 %

NASDAQ OLPX opened at $1.58 on Thursday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 26.34 and a beta of 2.47. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.77. The firm has a 50-day moving average price of $1.85 and a 200 day moving average price of $1.98. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73.

Olaplex (NASDAQ:OLPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $119.10 million during the quarter, compared to analysts’ expectations of $126.51 million. Olaplex had a net margin of 9.78% and a return on equity of 10.50%. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. Equities research analysts expect that Olaplex Holdings, Inc. will post 0.11 EPS for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Piper Sandler upped their target price on shares of Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $3.00 target price on shares of Olaplex in a report on Thursday, November 7th. Finally, 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.30.

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.