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

Shares of Waldencast PLC (NASDAQ:WALD) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.4167.

Several analysts recently issued reports on the stock. Canaccord Genuity Group reduced their price target on shares of Waldencast from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Telsey Advisory Group lowered 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 note on Tuesday, November 25th. Jefferies Financial Group assumed coverage on shares of Waldencast in a research report on Wednesday, January 14th. They set a “buy” rating and a $2.00 target price for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Waldencast in a report on Wednesday, January 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Waldencast during the second quarter valued at approximately $26,000. Invesco Ltd. bought a new position in Waldencast during the 2nd quarter valued at $26,000. CIBC Asset Management Inc purchased a new position in Waldencast during the 4th quarter worth $46,000. Covestor Ltd grew its stake in shares of Waldencast by 98,716.0% in the 3rd 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Waldencast by 57.9% in the 2nd 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. Institutional investors own 41.97% of the company’s stock.

Waldencast Price Performance

Shares of Waldencast stock opened at $1.80 on Monday. The business has a 50-day simple moving average of $1.78 and a 200 day simple moving average of $1.88. Waldencast has a one year low of $1.45 and a one year high of $3.54. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.32.

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