Barclays Forecasts Strong Price Appreciation for Olaplex (NASDAQ:OLPX) Stock

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

OLPX has been the topic of a number of other reports. Telsey Advisory Group reissued a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a report on Tuesday. Piper Sandler upped their price objective on Olaplex from $1.50 to $2.00 and gave the stock a “neutral” rating in a report on Monday, January 6th.

Olaplex Stock Down 3.0 %

NASDAQ OLPX opened at $1.63 on Wednesday. The stock’s 50 day moving average is $1.55 and its 200 day moving average is $1.90. The company has a current ratio of 11.84, a quick ratio of 10.32 and a debt-to-equity ratio of 0.73. Olaplex has a 12 month low of $1.19 and a 12 month high of $2.77. The stock has a market cap of $1.08 billion, a PE ratio of 27.17 and a beta of 2.45.

Institutional Trading of Olaplex

Several hedge funds have recently modified their holdings of OLPX. Chicago Partners Investment Group LLC purchased a new stake in shares of Olaplex during the 3rd quarter worth approximately $68,000. Victory Capital Management Inc. raised its holdings in Olaplex by 101.0% during the 3rd quarter. Victory Capital Management Inc. now owns 128,079 shares of the company’s stock valued at $301,000 after buying an additional 64,370 shares during the period. Intech Investment Management LLC purchased a new stake in Olaplex during the 3rd quarter valued at $80,000. Charles Schwab Investment Management Inc. raised its holdings in Olaplex by 10.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,066,027 shares of the company’s stock valued at $2,505,000 after buying an additional 102,752 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Olaplex during the 3rd quarter valued at $141,000. 87.37% of the stock is owned by hedge funds and other 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.