Olaplex (NASDAQ:OLPX) Earns “Market Perform” Rating from Telsey Advisory Group

Olaplex (NASDAQ:OLPX)‘s stock had its “market perform” rating reissued by Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They currently have a $2.00 price target on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 22.70% from the stock’s current price.

OLPX has been the subject of several other reports. Piper Sandler raised their target price on shares of Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Barclays decreased their price objective on shares of Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Monday, November 11th.

Olaplex Stock Performance

Shares of NASDAQ OLPX opened at $1.63 on Tuesday. Olaplex has a 52-week low of $1.19 and a 52-week high of $2.77. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 27.17 and a beta of 2.45. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $1.55 and its 200 day simple moving average is $1.90.

Institutional Trading of Olaplex

Several institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC acquired a new stake in shares of Olaplex during the 3rd quarter valued at $68,000. Victory Capital Management Inc. raised its holdings in shares of Olaplex by 101.0% during the third quarter. Victory Capital Management Inc. now owns 128,079 shares of the company’s stock worth $301,000 after acquiring an additional 64,370 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Olaplex during the third quarter valued at $80,000. Charles Schwab Investment Management Inc. grew its stake in Olaplex by 10.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,066,027 shares of the company’s stock valued at $2,505,000 after purchasing an additional 102,752 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Olaplex in the 3rd quarter worth about $141,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

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.