Barclays Issues Positive Forecast for Olaplex (NASDAQ:OLPX) Stock Price

Olaplex (NASDAQ:OLPX) had its price target hoisted by Barclays from $1.50 to $1.70 in a research note published on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the company. Piper Sandler boosted their price target on Olaplex from $1.50 to $2.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Telsey Advisory Group restated a “market perform” rating and set a $2.00 price target on shares of Olaplex in a research note on Tuesday.

Olaplex Price Performance

NASDAQ OLPX opened at $1.63 on Wednesday. The stock has a 50-day moving average of $1.55 and a 200 day moving average of $1.90. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 27.17 and a beta of 2.45. Olaplex has a one year low of $1.19 and a one year high of $2.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 10.32 and a current ratio of 11.84.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Abel Hall LLC grew its stake in shares of Olaplex by 68.1% during the 3rd quarter. Abel Hall LLC now owns 18,261 shares of the company’s stock valued at $43,000 after acquiring an additional 7,397 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Olaplex by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,075,688 shares of the company’s stock valued at $1,861,000 after acquiring an additional 9,661 shares during the period. Belpointe Asset Management LLC grew its stake in shares of Olaplex by 23.6% during the 4th quarter. Belpointe Asset Management LLC now owns 61,461 shares of the company’s stock valued at $106,000 after acquiring an additional 11,724 shares during the period. ProShare Advisors LLC grew its stake in shares of Olaplex by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 39,052 shares of the company’s stock valued at $68,000 after acquiring an additional 12,852 shares during the period. Finally, Chemistry Wealth Management LLC bought a new position in shares of Olaplex during the 4th quarter valued at approximately $25,000. 87.37% of the stock is currently owned by institutional investors.

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.