Waldencast (NASDAQ:WALD) Given Outperform Rating at Telsey Advisory Group

Waldencast (NASDAQ:WALD - Get Free Report)'s stock had its "outperform" rating restated by equities research analysts at Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They currently have a $5.00 price target on the stock. Telsey Advisory Group's price objective points to a potential upside of 83.82% from the company's current price.

Several other analysts also recently commented on WALD. Alliance Global Partners assumed coverage on shares of Waldencast in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $5.00 price target for the company. DA Davidson reaffirmed a "buy" rating and issued 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 research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $5.40.

Waldencast Trading Down 2.2 %

Shares of NASDAQ WALD opened at $2.72 on Tuesday. Waldencast has a twelve month low of $2.31 and a twelve month high of $5.21. The stock has a 50 day moving average of $2.90 and a two-hundred day moving average of $3.24. The company has a current ratio of 1.47, a quick ratio of 0.78 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in WALD. SG Americas Securities LLC acquired a new position in Waldencast during the 4th quarter worth approximately $42,000. Stonebrook Private Inc. purchased a new stake in shares of Waldencast in the fourth quarter valued at approximately $48,000. Ethic Inc. acquired a new position in Waldencast during the fourth quarter worth $56,000. Wells Fargo & Company MN lifted its holdings in Waldencast by 29.9% in 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 during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Waldencast during the 4th quarter worth $70,000. 41.97% of the stock is currently owned by institutional investors and hedge funds.

Waldencast Company Profile

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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