Waldencast PLC (NASDAQ:WALD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Waldencast PLC (NASDAQ:WALD) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.4167.

Several brokerages have commented on WALD. Weiss Ratings reiterated a “sell (e+)” rating on shares of Waldencast in a research report on Wednesday, January 21st. Jefferies Financial Group started coverage on Waldencast in a research report on Wednesday, January 14th. They set a “buy” rating and a $2.00 price target on the stock. Canaccord Genuity Group decreased their price target on shares of Waldencast from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Finally, Telsey Advisory Group downgraded shares of Waldencast from an “outperform” rating to a “market perform” rating and set a $3.00 price objective on the stock. in a research report on Tuesday, November 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WALD. UBS Group AG lifted its holdings in Waldencast by 466.2% in the third quarter. UBS Group AG now owns 838,536 shares of the company’s stock valued at $1,660,000 after buying an additional 690,441 shares during the period. Milestones Administradora de Recursos Ltda. increased its stake in Waldencast by 10.3% in the third quarter. Milestones Administradora de Recursos Ltda. now owns 2,425,677 shares of the company’s stock valued at $4,803,000 after purchasing an additional 225,677 shares in the last quarter. Geode Capital Management LLC raised its holdings in Waldencast by 62.2% in the second quarter. Geode Capital Management LLC now owns 586,566 shares of the company’s stock worth $1,437,000 after purchasing an additional 224,905 shares during the period. McAdam LLC raised its holdings in Waldencast by 174.6% in the third quarter. McAdam LLC now owns 63,014 shares of the company’s stock worth $125,000 after purchasing an additional 40,063 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Waldencast during the third quarter worth $78,000. 41.97% of the stock is currently owned by institutional investors and hedge funds.

Waldencast Price Performance

Shares of NASDAQ WALD opened at $1.80 on Monday. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.32. Waldencast has a twelve month low of $1.45 and a twelve month high of $3.54. The business has a 50 day simple moving average of $1.80 and a 200-day simple moving average of $1.88.

Waldencast (NASDAQ:WALD) last released its quarterly earnings results on Monday, November 24th. The company reported ($0.69) EPS for the quarter. The firm had revenue of $66.14 million for the quarter. Analysts expect that Waldencast will post -0.14 EPS for the current year.

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. 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.