Vanguard Personalized Indexing Management LLC Buys 7,235 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 38.9% during the second quarter, HoldingsChannel reports. The fund owned 25,819 shares of the company’s stock after purchasing an additional 7,235 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Olaplex were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in OLPX. Renaissance Technologies LLC boosted its stake in Olaplex by 0.6% during the second quarter. Renaissance Technologies LLC now owns 2,501,400 shares of the company’s stock valued at $3,852,000 after buying an additional 14,200 shares during the period. Oak Thistle LLC bought a new position in Olaplex in the second quarter valued at $161,000. Norden Group LLC boosted its holdings in shares of Olaplex by 41.4% in the 2nd quarter. Norden Group LLC now owns 51,803 shares of the company’s stock worth $80,000 after purchasing an additional 15,165 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Olaplex by 34.9% during the 2nd quarter. Rhumbline Advisers now owns 153,442 shares of the company’s stock valued at $236,000 after buying an additional 39,698 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Olaplex by 29.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 942,288 shares of the company’s stock worth $1,451,000 after buying an additional 212,129 shares during the last quarter. Institutional investors own 87.37% of the company’s stock.

Wall Street Analyst Weigh In

OLPX has been the topic of several recent research reports. TD Cowen increased their target price on shares of Olaplex from $1.80 to $2.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research note on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $2.18.

Olaplex Stock Performance

NASDAQ OLPX opened at $2.33 on Wednesday. The business has a 50-day moving average price of $2.16 and a 200-day moving average price of $1.81. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 33.29 and a beta of 2.42. Olaplex Holdings, Inc. has a twelve month low of $1.19 and a twelve month high of $2.98. The company has a quick ratio of 7.85, a current ratio of 9.27 and a debt-to-equity ratio of 0.75.

Olaplex (NASDAQ:OLPX) last issued its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $103.90 million for the quarter, compared to analysts’ expectations of $103.65 million. Olaplex had a return on equity of 11.16% and a net margin of 10.95%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, equities research analysts predict that Olaplex Holdings, Inc. will post 0.14 EPS for the current fiscal year.

Insider Activity

In related news, Director John P. Bilbrey purchased 183,493 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of $2.05 per share, for a total transaction of $376,160.65. Following the completion of the acquisition, the director now owns 241,593 shares in the company, valued at approximately $495,265.65. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.20% 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.