Parkside Financial Bank & Trust Grows Stock Holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Parkside Financial Bank & Trust grew its position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 290.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,395 shares of the company’s stock after purchasing an additional 15,911 shares during the period. Parkside Financial Bank & Trust’s holdings in Olaplex were worth $37,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OLPX. Abel Hall LLC lifted its position in Olaplex by 68.1% in the 3rd quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock worth $43,000 after buying an additional 7,397 shares during the last quarter. Chemistry Wealth Management LLC purchased a new position in shares of Olaplex during the fourth quarter worth approximately $25,000. Cinctive Capital Management LP bought a new stake in shares of Olaplex in the 3rd quarter worth approximately $38,000. MetLife Investment Management LLC boosted its stake in shares of Olaplex by 56.4% in the 3rd quarter. MetLife Investment Management LLC now owns 57,903 shares of the company’s stock valued at $136,000 after purchasing an additional 20,891 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Olaplex during the 4th quarter valued at $36,000. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

Olaplex Price Performance

Shares of Olaplex stock opened at $1.38 on Tuesday. The company’s fifty day simple moving average is $1.55 and its two-hundred day simple moving average is $1.91. Olaplex Holdings, Inc. has a 12-month low of $1.19 and a 12-month high of $2.77. The firm has a market cap of $914.83 million, a PE ratio of 23.00 and a beta of 2.45. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73.

Analyst Ratings Changes

Several research firms have weighed in on OLPX. Barclays lowered their price target on shares of Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 target price on shares of Olaplex in a research note on Tuesday, February 25th. Finally, Piper Sandler increased their target price on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Olaplex presently has an average rating of “Hold” and an average price target of $2.10.

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.