Waldencast (NASDAQ:WALD - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They currently have a $5.00 target price on the stock. Telsey Advisory Group's price target points to a potential upside of 77.30% from the stock's current price.
Several other research firms have also commented on WALD. Alliance Global Partners initiated coverage on shares of Waldencast in a report on Tuesday, April 22nd. They issued a "buy" rating and a $5.00 price target for the company. DA Davidson restated a "buy" rating and set a $7.50 target price on shares of Waldencast in a report on Wednesday, March 19th. Finally, Industrial Alliance Securities set a $5.00 price target on Waldencast in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $5.40.
Check Out Our Latest Report on Waldencast
Waldencast Stock Performance
Shares of WALD traded up $0.12 during midday trading on Tuesday, reaching $2.82. 39,485 shares of the stock were exchanged, compared to its average volume of 124,855. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.47 and a quick ratio of 0.78. Waldencast has a 52 week low of $2.31 and a 52 week high of $5.21. The company's 50 day moving average is $2.86 and its two-hundred day moving average is $3.22.
Institutional Trading of Waldencast
A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Waldencast in the fourth quarter valued at about $42,000. Stonebrook Private Inc. purchased a new position in shares of Waldencast in the 4th quarter valued at approximately $48,000. Ethic Inc. purchased a new position in shares of Waldencast in the 4th quarter valued at approximately $56,000. Wells Fargo & Company MN boosted its stake in Waldencast by 29.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,571 shares of the company's stock worth $59,000 after purchasing an additional 3,358 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Waldencast during the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 41.97% of the company's stock.
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.
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