Waldencast plc (NASDAQ:WALD - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $5.11.
Several research firms have weighed in on WALD. Telsey Advisory Group reduced their target price on Waldencast from $5.00 to $4.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Industrial Alliance Securities set a $5.00 target price on Waldencast in a report on Tuesday, April 22nd. Canaccord Genuity Group reduced their target price on Waldencast from $6.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Wall Street Zen lowered Waldencast from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Waldencast in a research report on Thursday, May 15th.
Read Our Latest Report on Waldencast
Waldencast Trading Down 3.5%
WALD stock traded down $0.08 during midday trading on Wednesday, hitting $2.20. 81,983 shares of the company's stock were exchanged, compared to its average volume of 131,423. The stock's fifty day moving average price is $2.55 and its 200-day moving average price is $3.04. 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 has a one year low of $1.98 and a one year high of $4.74.
Institutional Trading of Waldencast
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Waldencast during the fourth quarter worth about $42,000. Stonebrook Private Inc. bought a new stake in Waldencast during the fourth quarter worth about $48,000. Ethic Inc. bought a new stake in Waldencast during the fourth quarter worth about $56,000. Wells Fargo & Company MN raised its holdings in Waldencast by 29.9% during the fourth quarter. Wells Fargo & Company MN now owns 14,571 shares of the company's stock worth $59,000 after acquiring an additional 3,358 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Waldencast during the fourth quarter worth approximately $70,000. Institutional investors own 41.97% of the company's stock.
Waldencast Company Profile
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Get Free ReportWaldencast 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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