Waldencast plc (NASDAQ:WALD) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Waldencast plc (NASDAQ:WALD - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $5.56.

A number of analysts have recently commented on the company. Alliance Global Partners started coverage on Waldencast in a research report on Tuesday. They issued a "buy" rating and a $5.00 price target on the stock. DA Davidson restated a "buy" rating and set a $7.50 price target on shares of Waldencast in a report on Wednesday, March 19th. Finally, Telsey Advisory Group set a $5.00 price objective on shares of Waldencast in a research note on Thursday, March 20th.

Hedge Funds Weigh In On Waldencast

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in Waldencast by 29.9% during the fourth quarter. Wells Fargo & Company MN now owns 14,571 shares of the company's stock valued at $59,000 after purchasing an additional 3,358 shares during the period. Barclays PLC increased its stake in Waldencast by 15.1% in the fourth quarter. Barclays PLC now owns 37,342 shares of the company's stock worth $150,000 after purchasing an additional 4,906 shares during the period. Northern Trust Corp lifted 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 worth $674,000 after purchasing an additional 6,640 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Waldencast by 15.2% during the first quarter. Rhumbline Advisers now owns 61,630 shares of the company's stock valued at $185,000 after purchasing an additional 8,151 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Waldencast by 10.3% in the 4th quarter. Renaissance Technologies LLC now owns 91,800 shares of the company's stock worth $369,000 after buying an additional 8,600 shares during the period. 41.97% of the stock is owned by hedge funds and other institutional investors.

Waldencast Stock Up 1.8 %

WALD traded up $0.05 during trading on Tuesday, reaching $2.80. The stock had a trading volume of 1,395 shares, compared to its average volume of 127,380. Waldencast has a one year low of $2.31 and a one year high of $5.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.47 and a quick ratio of 0.78. The stock's 50 day moving average is $2.96 and its two-hundred day moving average is $3.28.

About Waldencast

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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