Waldencast (WALD)

• Market cap: $407M
• Sector: Materials
• Industry: Perfumes, Cosmetics & Other Toilet Preparations

About: Waldencast PLC is a beauty and wellness operating platform by developing, acquiring, accelerating, and scaling the next generation of conscious, purpose-driven brands. It is organized into two reportable segments namely Obagi Skincare and Milk Makeup.

Employees: 281

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

9% more funds holding

Funds holding: 53 [Q1] → 58 (+5) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

3.33% less ownership

Funds ownership: 25.72% [Q1] → 22.38% (-3.33%) [Q2]

48% less capital invested

Capital invested by funds: $169M [Q1] → $88.1M (-$81.1M) [Q2]

55% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 20

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $6 81% upside
• Avg. target: $6.81 105% upside
• High target: $8 141% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Telsey Advisory Group Dana Telsey 44% 1-year accuracy 78 / 176 met price target	81% upside $6	Outperform Maintained	9 Oct 2024
DA Davidson Linda Bolton Weiser 40% 1-year accuracy 34 / 85 met price target	118% upside $7.25	Buy Maintained	4 Sept 2024
Telsey Advisory Group Dana Telsey 44% 1-year accuracy 78 / 176 met price target	81% upside $6	Outperform Maintained	29 Aug 2024
Telsey Advisory Group Dana Telsey 44% 1-year accuracy 78 / 176 met price target	141% upside $8	Outperform Maintained	20 Aug 2024