Jane Street Group LLC Sells 18,836 Shares of Waldencast plc (NASDAQ:WALD)

Jane Street Group LLC lowered its holdings in Waldencast plc (NASDAQ:WALD) by 43.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,853 shares of the company’s stock after selling 18,836 shares during the quarter. Jane Street Group LLC’s holdings in Waldencast were worth $90,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WALD. Milestones Administradora de Recursos Ltda. boosted its holdings in Waldencast by 10.0% in the third quarter. Milestones Administradora de Recursos Ltda. now owns 2,200,000 shares of the company’s stock worth $8,008,000 after acquiring an additional 200,000 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Waldencast in the 2nd quarter valued at approximately $239,000. Simplicity Wealth LLC raised its position in shares of Waldencast by 416.2% in the 3rd quarter. Simplicity Wealth LLC now owns 77,080 shares of the company’s stock valued at $281,000 after purchasing an additional 62,148 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Waldencast in the 2nd quarter worth approximately $85,000. Finally, McAdam LLC purchased a new stake in Waldencast during the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 41.97% of the company’s stock.

Waldencast Price Performance

Shares of Waldencast stock opened at $3.07 on Wednesday. Waldencast plc has a 12 month low of $2.40 and a 12 month high of $9.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.78 and a current ratio of 1.47. The business has a 50-day moving average of $3.49 and a 200 day moving average of $3.43.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WALD. TD Cowen initiated coverage on Waldencast in a research note on Monday, December 16th. They set a “hold” rating and a $4.30 price target on the stock. Canaccord Genuity Group increased their price target on shares of Waldencast from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. DA Davidson raised their price target on shares of Waldencast from $7.25 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group started coverage on shares of Waldencast in a research note on Friday, October 25th. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, Telsey Advisory Group restated an “outperform” rating and set a $6.00 target price on shares of Waldencast in a research report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.76.

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.