Waldencast PLC (NASDAQ:WALD) Given Consensus Rating of “Moderate Buy” by Brokerages

Waldencast PLC (NASDAQ:WALD) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $4.6667.

A number of research firms have recently commented on WALD. Telsey Advisory Group lowered shares of Waldencast from an “outperform” rating to a “market perform” rating and set a $3.00 price target for the company. in a research report on Tuesday, November 25th. Canaccord Genuity Group dropped their price objective on Waldencast from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Jefferies Financial Group restated a “buy” rating and set a $3.50 target price on shares of Waldencast in a research report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Waldencast in a report on Wednesday, October 8th.

Institutional Investors Weigh In On Waldencast

Hedge funds have recently bought and sold shares of the stock. Invesco Ltd. purchased a new position in Waldencast in the 2nd quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Waldencast during the 2nd quarter valued at $26,000. McAdam LLC bought a new stake in shares of Waldencast during the 2nd quarter worth $56,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Waldencast by 57.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,130 shares of the company’s stock worth $57,000 after acquiring an additional 8,485 shares in the last quarter. Finally, Covestor Ltd grew its position in Waldencast by 98,716.0% in the third quarter. Covestor Ltd now owns 24,704 shares of the company’s stock worth $49,000 after acquiring an additional 24,679 shares in the last quarter. 41.97% of the stock is currently owned by institutional investors.

Waldencast Price Performance

Shares of Waldencast stock opened at $1.99 on Friday. The company’s 50-day moving average price is $2.07 and its 200-day moving average price is $2.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 0.67. Waldencast has a 12-month low of $1.48 and a 12-month high of $4.10.

Waldencast (NASDAQ:WALD) last issued its quarterly earnings data on Monday, November 24th. The company reported ($0.69) EPS for the quarter. The company had revenue of $66.14 million for the quarter. As a group, research analysts expect that Waldencast will post -0.14 earnings per share for the current year.

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. The company also offers clean makeup products under the Milk Makeup brand. It sells its products to dermatologists, plastic surgeons, and other physicians who focuses on aesthetic and therapeutic skincare, including physicians on site at medical spas, through its direct sales force, as well as through distribution partners.