Milestones Administradora de Recursos Ltda. raised its holdings in Waldencast plc (NASDAQ:WALD - Free Report) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,200,000 shares of the company's stock after acquiring an additional 200,000 shares during the period. Waldencast comprises 3.2% of Milestones Administradora de Recursos Ltda.'s holdings, making the stock its 8th biggest holding. Milestones Administradora de Recursos Ltda. owned approximately 1.80% of Waldencast worth $8,008,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of WALD. Renaissance Technologies LLC acquired a new stake in shares of Waldencast during the second quarter valued at about $239,000. Simplicity Wealth LLC grew its holdings in Waldencast by 416.2% during the 3rd quarter. Simplicity Wealth LLC now owns 77,080 shares of the company's stock worth $281,000 after acquiring an additional 62,148 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Waldencast in the 2nd quarter valued at approximately $85,000. Bleakley Financial Group LLC bought a new position in shares of Waldencast during the first quarter valued at $142,000. Finally, McAdam LLC acquired a new position in shares of Waldencast during the third quarter worth $62,000. Institutional investors and hedge funds own 41.97% of the company's stock.
Analyst Ratings Changes
WALD has been the topic of several recent analyst reports. Canaccord Genuity Group started coverage on shares of Waldencast in a report on Friday, October 25th. They issued a "buy" rating and a $5.00 target price on the stock. Telsey Advisory Group restated an "outperform" rating and set a $6.00 price objective on shares of Waldencast in a research note on Wednesday, October 9th. DA Davidson lifted their target price on shares of Waldencast from $6.50 to $7.25 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Finally, Canaccord Genuity Group initiated coverage on Waldencast in a report on Friday, October 25th. They set a "buy" rating and a $5.00 price target on the stock.
Check Out Our Latest Analysis on WALD
Waldencast Price Performance
Shares of WALD stock traded down $0.16 during trading hours on Wednesday, reaching $3.79. The stock had a trading volume of 57,262 shares, compared to its average volume of 135,264. The stock's fifty day simple moving average is $3.58 and its 200 day simple moving average is $3.85. Waldencast plc has a 12 month low of $2.40 and a 12 month high of $12.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.47 and a quick ratio of 0.78.
About Waldencast
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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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