The Beauty Health Company (NASDAQ:SKIN) Given Consensus Rating of “Hold” by Analysts

The Beauty Health Company (NASDAQ:SKINGet Free Report) has been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.38.

Several equities analysts recently weighed in on SKIN shares. William Blair cut shares of Beauty Health from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 14th. Raymond James cut shares of Beauty Health from a “market perform” rating to an “underperform” rating in a research report on Tuesday, November 14th. JPMorgan Chase & Co. cut shares of Beauty Health from a “neutral” rating to an “underweight” rating in a research report on Tuesday, November 14th. Piper Sandler cut shares of Beauty Health from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $12.00 to $2.00 in a research report on Tuesday, November 14th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $2.50 price target (down previously from $10.00) on shares of Beauty Health in a research report on Tuesday, November 14th.

Get Our Latest Stock Analysis on Beauty Health

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SKIN. Senvest Management LLC grew its stake in Beauty Health by 30.8% in the 3rd quarter. Senvest Management LLC now owns 8,937,381 shares of the company’s stock valued at $53,803,000 after buying an additional 2,106,622 shares in the last quarter. Braidwell LP purchased a new position in Beauty Health in the 3rd quarter valued at approximately $9,790,000. Camber Capital Management LP grew its stake in Beauty Health by 250.0% in the 2nd quarter. Camber Capital Management LP now owns 1,750,000 shares of the company’s stock valued at $14,648,000 after buying an additional 1,250,000 shares in the last quarter. Norges Bank purchased a new position in Beauty Health in the 4th quarter valued at approximately $7,730,000. Finally, Vanguard Group Inc. boosted its holdings in Beauty Health by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,514,288 shares of the company’s stock valued at $123,964,000 after purchasing an additional 830,141 shares during the period.

Beauty Health Stock Performance

SKIN stock opened at $3.08 on Tuesday. The company’s 50-day moving average is $2.93 and its 200-day moving average is $4.42. The company has a debt-to-equity ratio of 8.20, a current ratio of 5.86 and a quick ratio of 5.27. Beauty Health has a 1 year low of $1.35 and a 1 year high of $13.90.

Beauty Health (NASDAQ:SKINGet Free Report) last released its quarterly earnings data on Monday, November 13th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $97.40 million for the quarter, compared to analysts’ expectations of $115.96 million. Beauty Health had a negative net margin of 22.26% and a negative return on equity of 5.89%. Equities analysts anticipate that Beauty Health will post -0.81 EPS for the current year.

Beauty Health Company Profile

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The Beauty Health Company designs, develops, manufactures, markets, and sells aesthetic technologies and products worldwide. The company's flagship product includes HydraFacial that enhance the skin to cleanse, extract, and hydrate the skin with proprietary solutions and serums. Its products also comprise Syndeo, a HydraFacial Delivery System designed to elevate every part of the treatment and connects providers to the consumer's preferences to create a more personalized experience; HydraFacial Nation App, an app that allows consumers to learn about their skin health, discover treatment options, and track their treatments over time; and Keravive, a treatment for scalp health.

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Analyst Recommendations for Beauty Health (NASDAQ:SKIN)

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