Beauty Health (NASDAQ:SKIN) Trading Down 1.5% – Here’s What Happened

The Beauty Health Company (NASDAQ:SKIN) shares were down 1.5% during mid-day trading on Friday . The company traded as low as $0.7446 and last traded at $0.7738. Approximately 1,870,061 shares were traded during trading, an increase of 21% from the average daily volume of 1,546,612 shares. The stock had previously closed at $0.7856.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SKIN shares. Benchmark restated a “hold” rating on shares of Beauty Health in a research report on Friday, March 13th. Zacks Research upgraded shares of Beauty Health from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Canaccord Genuity Group lowered their target price on shares of Beauty Health from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. TD Cowen lowered their price objective on shares of Beauty Health from $1.65 to $1.50 and set a “hold” rating on the stock in a research report on Monday, March 16th. Finally, Roth Mkm reiterated a “buy” rating and issued a $2.00 price objective (down from $2.50) on shares of Beauty Health in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.02.

Beauty Health Trading Down 1.5%

The business’s 50-day moving average is $0.85 and its two-hundred day moving average is $1.16. The company has a debt-to-equity ratio of 4.37, a quick ratio of 1.48 and a current ratio of 1.79. The stock has a market capitalization of $100.28 million, a PE ratio of -4.55 and a beta of 1.12.

Beauty Health (NASDAQ:SKIN) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. Beauty Health had a negative net margin of 2.03% and a negative return on equity of 9.38%. The firm had revenue of $64.91 million for the quarter, compared to analyst estimates of $66.28 million. As a group, equities research analysts anticipate that The Beauty Health Company will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Beauty Health

Hedge funds and other institutional investors have recently bought and sold shares of the business. Diversified Trust Co acquired a new stake in Beauty Health in the first quarter valued at $25,000. Public Employees Retirement System of Ohio acquired a new stake in Beauty Health in the third quarter valued at $26,000. Atom Investors LP acquired a new stake in Beauty Health in the fourth quarter valued at $29,000. CWM LLC lifted its holdings in Beauty Health by 232.8% in the fourth quarter. CWM LLC now owns 22,018 shares of the company’s stock valued at $31,000 after acquiring an additional 15,402 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Beauty Health in the third quarter valued at $31,000. Institutional investors and hedge funds own 93.26% of the company’s stock.

Beauty Health Company Profile

Beauty Health Company (NASDAQ: SKIN) is a U.S.-based consumer wellness and beauty enterprise that integrates device-based and product-based offerings across skin, body and hair wellness categories. The company operates a portfolio of established brands that blend professional and at-home solutions, focusing on innovative formulations and technologies to address a range of beauty and self-care needs. Through its proprietary e-commerce platforms and strategic retail partnerships, Beauty Health seeks to deliver premium experiences and tangible results to a global customer base.

Beauty Health’s brand portfolio includes Sol de Janeiro, known for its award-winning Brazilian Bum Bum Cream body care collection; Elemis, a U.K.-originated professional skin care line distributed in spas and skincare clinics; NuFACE and Dermaflash, two at-home beauty device brands specializing in microcurrent facial toning and gentle exfoliation respectively; and Nutrafol, a legal-strength hair wellness supplement clinically designed to support hair growth.