Simplicity Wealth LLC Invests $360,000 in Waldencast plc (NASDAQ:WALD)

Simplicity Wealth LLC purchased a new stake in Waldencast plc (NASDAQ:WALD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 119,848 shares of the company's stock, valued at approximately $360,000. Simplicity Wealth LLC owned 0.10% of Waldencast at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WALD. Barclays PLC grew its position in Waldencast by 15.1% during the fourth quarter. Barclays PLC now owns 37,342 shares of the company's stock worth $150,000 after buying an additional 4,906 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Waldencast in the 4th quarter worth approximately $42,000. Northern Trust Corp lifted its position in shares of Waldencast by 4.1% in the 4th quarter. Northern Trust Corp now owns 167,662 shares of the company's stock worth $674,000 after acquiring an additional 6,640 shares during the period. Ethic Inc. acquired a new stake in shares of Waldencast during the 4th quarter worth approximately $56,000. Finally, Wells Fargo & Company MN increased its position in shares of Waldencast by 29.9% during the fourth quarter. Wells Fargo & Company MN now owns 14,571 shares of the company's stock valued at $59,000 after purchasing an additional 3,358 shares during the period. Institutional investors own 41.97% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WALD shares. Canaccord Genuity Group reduced their target price on Waldencast from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. DA Davidson reaffirmed a "buy" rating and set a $7.50 price objective on shares of Waldencast in a report on Wednesday, March 19th. Telsey Advisory Group lowered their target price on shares of Waldencast from $5.00 to $4.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Alliance Global Partners reissued a "buy" rating on shares of Waldencast in a research report on Thursday, May 15th. Finally, Industrial Alliance Securities set a $5.00 price objective on Waldencast in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Waldencast presently has an average rating of "Moderate Buy" and an average target price of $5.11.

Waldencast Stock Down 3.5%

WALD stock traded down $0.08 during trading on Friday, hitting $2.20. 81,983 shares of the stock traded hands, compared to its average volume of 130,950. Waldencast plc has a one year low of $1.98 and a one year high of $4.74. The company has a current ratio of 1.47, a quick ratio of 0.78 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $2.55 and a 200 day simple moving average of $3.05.

About Waldencast

Waldencast plc operates in the beauty and wellness business. The company engages in developing, acquiring, accelerating, and scaling various brands. It provides cosmetic, over-the-counter, and prescription products under the Obagi Medical, Obagi Clinical, and Obagi Professional brands; and a Skintrinsiq device for use in facial treatments that is used by physicians' offices, spas, and aestheticians.