Victory Capital Management Inc. Has $98,000 Position in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Victory Capital Management Inc. lessened its stake in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 57.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,709 shares of the company’s stock after selling 85,045 shares during the quarter. Victory Capital Management Inc.’s holdings in Olaplex were worth $98,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OLPX. Quadrant Capital Group LLC increased its stake in shares of Olaplex by 2,108.4% in the fourth 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 during the last quarter. Catalina Capital Group LLC bought a new stake in shares of Olaplex in the 1st quarter valued at approximately $31,000. SG Americas Securities LLC acquired a new position in Olaplex in the second quarter worth approximately $43,000. Vanguard Personalized Indexing Management LLC bought a new position in Olaplex during the fourth quarter valued at approximately $46,000. Finally, Walleye Trading LLC bought a new position in Olaplex during the first quarter valued at approximately $53,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Insider Buying and Selling at Olaplex

In other Olaplex news, Director John P. Bilbrey purchased 183,493 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was bought 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 directly owns 241,593 shares in the company, valued at $495,265.65. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Olaplex Price Performance

NASDAQ OLPX opened at $2.33 on Wednesday. Olaplex Holdings, Inc. has a 1 year low of $1.19 and a 1 year high of $2.98. The company has a fifty day simple moving average of $2.11 and a 200 day simple moving average of $1.80. The company has a current ratio of 9.27, a quick ratio of 7.85 and a debt-to-equity ratio of 0.75. The company has a market cap of $1.54 billion, a P/E ratio of 33.29 and a beta of 2.42.

Olaplex (NASDAQ:OLPX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $103.90 million during the quarter, compared to analysts’ expectations of $103.65 million. Olaplex had a net margin of 10.95% and a return on equity of 11.16%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. On average, sell-side analysts predict that Olaplex Holdings, Inc. will post 0.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on OLPX shares. TD Cowen increased their price target on shares of Olaplex from $1.80 to $2.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Telsey Advisory Group reissued a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $2.18.

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.