On March 27, 2023 at 09:30:16 ET an unusually large
$104.97K block of Call contracts in Olaplex Holdings
(OLPX) was bought,
with a strike price of $4.00 / share, expiring in 25 days (on April 21, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 4.73 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in OLPX options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 80.50% Upside
As of March 26, 2023,
the average one-year price target for Olaplex Holdings is $7.09.
The forecasts range from a low of $4.04 to a high of $15.75.
The average price target represents an increase of 80.50% from its latest reported closing price of $3.93.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Olaplex Holdings
is $748MM, an increase of 6.17%.
The projected annual non-GAAP EPS
is $0.41.
What is the Fund Sentiment?
There are 402 funds or institutions reporting positions in Olaplex Holdings.
This is an increase
of
3
owner(s) or 0.75% in the last quarter.
Average portfolio weight of all funds dedicated to OLPX is 0.15%,
a decrease
of 23.03%.
Total shares owned by institutions decreased
in the last three months by 0.65% to 615,072K shares.
The put/call ratio of OLPX is 1.49, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Advent International
holds 499,469K shares
representing 76.62% ownership of the company.
No change in the last quarter.
Janus Henderson Group
holds 5,189K shares
representing 0.80% ownership of the company.
In it’s prior filing, the firm reported owning 4,929K shares, representing
an increase
of 5.02%.
The firm
decreased
its portfolio allocation in OLPX by 80.81% over the last quarter.
FCNTX – Fidelity Contrafund
holds 4,744K shares
representing 0.73% ownership of the company.
In it’s prior filing, the firm reported owning 2,568K shares, representing
an increase
of 45.87%.
The firm
increased
its portfolio allocation in OLPX by 0.48% over the last quarter.
FDGRX – Fidelity Growth Company Fund
holds 3,986K shares
representing 0.61% ownership of the company.
In it’s prior filing, the firm reported owning 5,687K shares, representing
a decrease
of 42.66%.
The firm
decreased
its portfolio allocation in OLPX by 67.92% over the last quarter.
Norges Bank
holds 3,610K shares
representing 0.55% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
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.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
