Waldencast plc (NASDAQ:WALD – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.85, but opened at $5.11. Waldencast shares last traded at $4.78, with a volume of 3,566 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Telsey Advisory Group lowered their price target on Waldencast from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st.
Check Out Our Latest Stock Report on Waldencast
Waldencast Price Performance
Institutional Trading of Waldencast
A number of institutional investors have recently made changes to their positions in the business. Amalgamated Bank raised its stake in Waldencast by 68.1% in the 3rd quarter. Amalgamated Bank now owns 3,277 shares of the company’s stock worth $31,000 after purchasing an additional 1,328 shares in the last quarter. Barclays PLC increased its position in Waldencast by 75.3% in the 3rd quarter. Barclays PLC now owns 7,177 shares of the company’s stock valued at $67,000 after acquiring an additional 3,084 shares during the period. Catalina Capital Group LLC acquired a new position in shares of Waldencast in the first quarter worth approximately $73,000. Norden Group LLC acquired a new stake in Waldencast during the 1st quarter worth about $92,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in shares of Waldencast during the 3rd quarter valued at $97,000. Institutional investors own 41.97% of the company’s stock.
Waldencast Company Profile
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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