Syon Capital LLC Takes $115,000 Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Syon Capital LLC purchased a new position in Olaplex Holdings, Inc. (NASDAQ:OLPX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,092 shares of the company’s stock, valued at approximately $115,000.

Other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Olaplex by 2,108.4% in the 4th quarter. Quadrant Capital Group LLC now owns 10,048 shares of the company’s stock worth $26,000 after acquiring an additional 9,593 shares in the last quarter. Quent Capital LLC increased its stake in shares of Olaplex by 2,463.8% in the 4th quarter. Quent Capital LLC now owns 11,178 shares of the company’s stock worth $28,000 after acquiring an additional 10,742 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Olaplex in the 4th quarter worth about $35,000. Waldron Private Wealth LLC increased its stake in shares of Olaplex by 62.0% in the 4th quarter. Waldron Private Wealth LLC now owns 16,227 shares of the company’s stock worth $41,000 after acquiring an additional 6,213 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Olaplex in the 4th quarter worth about $46,000. 87.37% of the stock is currently owned by institutional investors.

Olaplex Stock Performance

Shares of NASDAQ OLPX opened at $1.66 on Wednesday. The firm’s 50-day moving average price is $1.57 and its 200-day moving average price is $1.95. The company has a quick ratio of 9.12, a current ratio of 10.71 and a debt-to-equity ratio of 0.76. The company has a market cap of $1.10 billion, a PE ratio of 23.71 and a beta of 2.45. Olaplex Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $4.27.

Olaplex (NASDAQ:OLPX) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $98.90 million for the quarter, compared to the consensus estimate of $95.15 million. Olaplex had a net margin of 10.91% and a return on equity of 11.61%. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. As a group, analysts anticipate that Olaplex Holdings, Inc. will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OLPX shares. Truist Financial decreased their price target on shares of Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Piper Sandler raised shares of Olaplex from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $1.25 to $2.00 in a research report on Tuesday, March 19th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a research report on Thursday, May 2nd. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Olaplex currently has an average rating of “Hold” and an average price target of $2.51.

Insider Activity

In other news, VP Kristi A. Belhumeur sold 42,480 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1.68, for a total transaction of $71,366.40. Following the sale, the vice president now owns 294,553 shares of the company’s stock, valued at approximately $494,849.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

Olaplex 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.