Waldencast plc (NASDAQ:WALD - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 318,900 shares, a drop of 22.2% from the April 30th total of 409,700 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 81,400 shares, the days-to-cover ratio is presently 3.9 days.
Institutional Investors Weigh In On Waldencast
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Waldencast by 15.1% during the 4th quarter. Barclays PLC now owns 37,342 shares of the company's stock worth $150,000 after acquiring an additional 4,906 shares during the period. SG Americas Securities LLC bought a new stake in shares of Waldencast during the fourth quarter valued at approximately $42,000. Northern Trust Corp raised its position in shares of Waldencast by 4.1% during the fourth quarter. Northern Trust Corp now owns 167,662 shares of the company's stock valued at $674,000 after buying an additional 6,640 shares during the last quarter. Ethic Inc. bought a new stake in shares of Waldencast during the fourth quarter valued at approximately $56,000. Finally, JPMorgan Chase & Co. raised its position in shares of Waldencast by 52.0% during the third quarter. JPMorgan Chase & Co. now owns 43,250 shares of the company's stock valued at $157,000 after buying an additional 14,803 shares during the last quarter. Institutional investors own 41.97% of the company's stock.
Waldencast Stock Down 0.8%
NASDAQ WALD traded down $0.02 on Thursday, reaching $2.37. 98,161 shares of the stock were exchanged, compared to its average volume of 130,735. Waldencast has a one year low of $1.98 and a one year high of $4.96. The company's 50-day simple moving average is $2.59 and its two-hundred day simple moving average is $3.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.47 and a quick ratio of 0.78.
Wall Street Analysts Forecast Growth
WALD has been the topic of a number of recent analyst reports. Industrial Alliance Securities set a $5.00 price target on shares of Waldencast in a report on Tuesday, April 22nd. DA Davidson reaffirmed a "buy" rating and set a $7.50 price target on shares of Waldencast in a report on Wednesday, March 19th. Telsey Advisory Group dropped their price target on shares of Waldencast from $5.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Alliance Global Partners reaffirmed a "buy" rating on shares of Waldencast in a report on Thursday, May 15th. Finally, Canaccord Genuity Group dropped their price target on shares of Waldencast from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $5.11.
View Our Latest Report on Waldencast
About Waldencast
(
Get 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.
Recommended Stories
Before you consider Waldencast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waldencast wasn't on the list.
While Waldencast currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
