Waldencast (NASDAQ:WALD – Get Free Report) had its price objective hoisted by DA Davidson from $6.50 to $7.25 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective indicates a potential upside of 110.76% from the stock’s previous close.
Separately, Telsey Advisory Group cut their price objective on Waldencast from $8.00 to $6.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th.
Check Out Our Latest Analysis on WALD
Waldencast Price Performance
Hedge Funds Weigh In On Waldencast
Several large investors have recently added to or reduced their stakes in the company. Zeno Equity Partners LLP acquired a new position in shares of Waldencast in the 4th quarter worth approximately $224,278,000. Norden Group LLC acquired a new position in shares of Waldencast in the 1st quarter worth approximately $92,000. Simplicity Wealth LLC acquired a new position in shares of Waldencast in the 1st quarter worth approximately $142,000. Catalina Capital Group LLC acquired a new position in shares of Waldencast in the 1st quarter worth approximately $73,000. Finally, Bleakley Financial Group LLC bought a new stake in Waldencast during the 1st quarter worth approximately $142,000. Institutional investors and hedge funds 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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