Waldencast (NASDAQ:WALD – Get Free Report)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a note issued to investors on Wednesday, Benzinga reports. They currently have a $6.00 price target on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 75.44% from the company’s current price.
Separately, DA Davidson raised their price target on shares of Waldencast from $6.50 to $7.25 and gave the company a “buy” rating in a report on Wednesday, September 4th.
View Our Latest Analysis on Waldencast
Waldencast Price Performance
Institutional Investors Weigh In On Waldencast
Several institutional investors have recently made changes to their positions in WALD. Marshall Wace LLP purchased a new stake in shares of Waldencast during the second quarter valued at $37,000. Catalina Capital Group LLC bought a new position in Waldencast in the first quarter worth approximately $73,000. Cubist Systematic Strategies LLC purchased a new position in Waldencast during the 2nd quarter worth $85,000. Norden Group LLC bought a new stake in Waldencast during the 1st quarter valued at $92,000. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Waldencast in the 1st quarter worth $142,000. Institutional investors own 41.97% of the company’s stock.
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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