Wedmont Private Capital Grows Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Wedmont Private Capital grew its stake in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 96.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,794 shares of the company’s stock after buying an additional 18,081 shares during the quarter. Wedmont Private Capital’s holdings in Olaplex were worth $71,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its holdings in 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 raised its position in shares of Olaplex by 2,463.8% during the 4th quarter. Quent Capital LLC now owns 11,178 shares of the company’s stock valued at $28,000 after purchasing an additional 10,742 shares during the period. HB Wealth Management LLC purchased a new position in shares of Olaplex during the 4th quarter valued at $35,000. Waldron Private Wealth LLC boosted its holdings in 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 buying an additional 6,213 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Olaplex in the 4th quarter worth $46,000. Institutional investors own 87.37% of the company’s stock.

Olaplex Trading Up 6.1 %

Shares of OLPX opened at $1.75 on Monday. Olaplex Holdings, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $4.27. The company has a debt-to-equity ratio of 0.76, a quick ratio of 9.12 and a current ratio of 10.71. The company’s fifty day moving average is $1.58 and its 200 day moving average is $1.93. The stock has a market capitalization of $1.16 billion, a PE ratio of 25.00 and a beta of 2.45.

Olaplex (NASDAQ:OLPX) last posted its earnings results on Thursday, May 2nd. The company reported $0.03 earnings per share for the quarter, hitting 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. Sell-side analysts expect that Olaplex Holdings, Inc. will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Olaplex

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

Wall Street Analyst Weigh In

OLPX has been the subject of a number of recent analyst reports. Truist Financial dropped their price objective on Olaplex from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price objective on shares of Olaplex in a report on Thursday, May 2nd. Finally, Piper Sandler raised shares of Olaplex from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $1.25 to $2.00 in a report on Tuesday, March 19th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Olaplex currently has an average rating of “Hold” and a consensus target price of $2.51.

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.