Fintel reports that on October 4, 2023, Barclays upgraded their outlook for Olaplex Holdings (NASDAQ:OLPX) from Underweight to Equal-Weight .
Analyst Price Forecast Suggests 105.29% Upside
As of August 31, 2023, the average one-year price target for Olaplex Holdings is 3.84. The forecasts range from a low of 2.02 to a high of $7.88. The average price target represents an increase of 105.29% from its latest reported closing price of 1.87.
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The projected annual revenue for Olaplex Holdings is 748MM, an increase of 41.03%. The projected annual non-GAAP EPS is 0.41.
What is the Fund Sentiment?
There are 322 funds or institutions reporting positions in Olaplex Holdings. This is a decrease of 52 owner(s) or 13.90% in the last quarter. Average portfolio weight of all funds dedicated to OLPX is 0.07%, a decrease of 30.14%. Total shares owned by institutions decreased in the last three months by 0.87% to 611,796K shares. 
The put/call ratio of OLPX is 0.08, indicating a bullish outlook.
What are Other Shareholders Doing?
Advent International holds 499,469K shares representing 76.29% ownership of the company. No change in the last quarter.
Aqr Capital Management holds 5,331K shares representing 0.81% ownership of the company. In it's prior filing, the firm reported owning 5,079K shares, representing an increase of 4.73%. The firm increased its portfolio allocation in OLPX by 23.74% over the last quarter.
Janus Henderson Group holds 4,246K shares representing 0.65% ownership of the company. In it's prior filing, the firm reported owning 4,419K shares, representing a decrease of 4.09%. The firm decreased its portfolio allocation in OLPX by 22.05% over the last quarter.
COWZ - Pacer US Cash Cows 100 ETF holds 4,113K shares representing 0.63% ownership of the company. In it's prior filing, the firm reported owning 3,598K shares, representing an increase of 12.51%. The firm increased its portfolio allocation in OLPX by 2.51% over the last quarter.
Pacer Advisors holds 4,101K shares representing 0.63% ownership of the company. In it's prior filing, the firm reported owning 3,502K shares, representing an increase of 14.60%. The firm decreased its portfolio allocation in OLPX by 3.87% over the last quarter.
Olaplex Holdings Background Information
(This description is provided by the company.)
OLAPLEX is an innovative, science-enabled, technology-driven beauty company with a mission to improve the hair health of its consumers. A revolutionary brand, OLAPLEX paved the way for a new category of hair care called "bond-building," the process of protecting, strengthening and rebuilding broken bonds in the hair during and after hair services. The brand’s products have an active, patent-protected ingredient that works on a molecular level to protect and repair hair from damage. OLAPLEX’s award-winning products are sold through a global omni-channel platform serving the professional, specialty retail, and direct-to-consumer channels.
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