John P. Bilbrey Buys 51,697 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) Stock

Olaplex Holdings, Inc. (NASDAQ:OLPX) Director John P. Bilbrey purchased 51,697 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $557,231.50. This represents a 19.38 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Olaplex Stock Performance

Shares of Olaplex stock traded up $0.03 during trading on Tuesday, hitting $1.75. 1,960,825 shares of the stock were exchanged, compared to its average volume of 2,414,949. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84. Olaplex Holdings, Inc. has a 12 month low of $1.19 and a 12 month high of $2.98. The stock’s fifty day moving average is $2.11 and its 200 day moving average is $1.91. The stock has a market cap of $1.16 billion, a PE ratio of 28.67 and a beta of 2.47.

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

Wall Street Analysts Forecast Growth

OLPX has been the subject of several research analyst reports. TD Cowen boosted their target price on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Barclays reduced their target price on Olaplex from $2.00 to $1.50 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $3.00 price target on shares of Olaplex in a report on Thursday, November 7th. Four 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, the stock currently has an average rating of “Hold” and a consensus target price of $2.30.

Institutional Trading of Olaplex

A number of hedge funds and other institutional investors have recently made changes to their positions in OLPX. Geode Capital Management LLC boosted its holdings in shares of Olaplex by 14.5% in the third quarter. Geode Capital Management LLC now owns 3,708,821 shares of the company’s stock valued at $8,717,000 after acquiring an additional 468,570 shares in the last quarter. Abel Hall LLC boosted its stake in Olaplex by 68.1% during the 3rd quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock valued at $43,000 after purchasing an additional 7,397 shares in the last quarter. XTX Topco Ltd boosted its stake in Olaplex by 981.5% during the 3rd quarter. XTX Topco Ltd now owns 127,407 shares of the company’s stock valued at $299,000 after purchasing an additional 115,626 shares in the last quarter. Jane Street Group LLC increased its position in shares of Olaplex by 5,728.5% during the 3rd quarter. Jane Street Group LLC now owns 2,633,397 shares of the company’s stock valued at $6,188,000 after purchasing an additional 2,588,216 shares during the period. Finally, Cinctive Capital Management LP bought a new stake in shares of Olaplex in the 3rd quarter worth $38,000. 87.37% of the stock is currently owned by institutional investors.

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.