Intech Investment Management LLC Takes Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Intech Investment Management LLC purchased a new position in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,942 shares of the company’s stock, valued at approximately $80,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in Olaplex during the 3rd quarter worth $28,000. Quarry LP purchased a new stake in Olaplex during the 2nd quarter valued at about $33,000. Catalina Capital Group LLC raised its holdings in Olaplex by 51.3% in the 2nd quarter. Catalina Capital Group LLC now owns 24,088 shares of the company’s stock valued at $37,000 after acquiring an additional 8,172 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Olaplex by 38.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 25,819 shares of the company’s stock worth $40,000 after purchasing an additional 7,235 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Olaplex during the 2nd quarter worth approximately $43,000. 87.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Olaplex

In related news, Director John P. Bilbrey purchased 25,128 shares of the company’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $1.76 per share, for a total transaction of $44,225.28. Following the completion of the transaction, the director now directly owns 266,721 shares in the company, valued at approximately $469,428.96. The trade was a 10.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

Olaplex Stock Up 2.4 %

OLPX stock opened at $2.14 on Monday. Olaplex Holdings, Inc. has a one year low of $1.19 and a one year high of $2.98. The firm has a market cap of $1.42 billion, a PE ratio of 35.67 and a beta of 2.48. The firm’s 50 day moving average price is $2.02 and its 200-day moving average price is $1.96. 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 (NASDAQ:OLPX) last posted its earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $119.10 million for the quarter, compared to the consensus estimate of $126.51 million. Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities research analysts anticipate that Olaplex Holdings, Inc. will post 0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price target on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $3.00 target price on shares of Olaplex in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.