Olaplex (NASDAQ:OLPX) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Olaplex (NASDAQ:OLPX) in a research report report published on Tuesday,Benzinga reports. They currently have a $2.00 price objective on the stock.

Several other equities research analysts have also commented on OLPX. Piper Sandler upped their price objective on Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Barclays reduced their price objective on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Monday, November 11th.

Olaplex Trading Up 21.7 %

NASDAQ:OLPX opened at $1.68 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 11.84 and a quick ratio of 10.32. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 28.00 and a beta of 2.45. Olaplex has a one year low of $1.19 and a one year high of $2.77. The business has a fifty day moving average price of $1.55 and a 200-day moving average price of $1.90.

Institutional Investors Weigh In On Olaplex

Institutional investors have recently bought and sold shares of the business. Chemistry Wealth Management LLC purchased a new stake in Olaplex in the 4th quarter worth $25,000. Hsbc Holdings PLC purchased a new stake in Olaplex in the 4th quarter worth $34,000. BNP Paribas Financial Markets purchased a new stake in Olaplex in the 4th quarter worth $35,000. Cornerstone Wealth Management LLC purchased a new stake in Olaplex in the 4th quarter worth $36,000. Finally, Parkside Financial Bank & Trust increased its stake in Olaplex by 290.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company’s stock worth $37,000 after buying an additional 15,911 shares in the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

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.