Simplicity Wealth LLC acquired a new position in Waldencast plc (NASDAQ:WALD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 119,848 shares of the company's stock, valued at approximately $360,000. Simplicity Wealth LLC owned approximately 0.10% of Waldencast at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Waldencast in the fourth quarter worth $42,000. Stonebrook Private Inc. purchased a new position in Waldencast during the fourth quarter valued at $48,000. Ethic Inc. purchased a new position in Waldencast during the fourth quarter valued at $56,000. Wells Fargo & Company MN grew its stake in 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 acquiring an additional 3,358 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Waldencast during the fourth quarter valued at $70,000. 41.97% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Canaccord Genuity Group cut their target price on shares of Waldencast from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. DA Davidson reaffirmed a "buy" rating and set a $7.50 target price on shares of Waldencast in a research note on Wednesday, March 19th. Industrial Alliance Securities set a $5.00 target price on shares of Waldencast in a research note on Tuesday, April 22nd. Alliance Global Partners reaffirmed a "buy" rating on shares of Waldencast in a research note on Thursday, May 15th. Finally, Wall Street Zen cut shares of Waldencast from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $5.11.
Check Out Our Latest Report on WALD
Waldencast Stock Performance
Shares of NASDAQ:WALD traded down $0.01 on Monday, reaching $2.19. The company's stock had a trading volume of 120,620 shares, compared to its average volume of 131,380. Waldencast plc has a 52-week low of $1.98 and a 52-week high of $4.74. The company has a 50-day simple moving average of $2.54 and a 200 day simple moving average of $3.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.78 and a current ratio of 1.47.
Waldencast Profile
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Free Report)
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.
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