Beauty Health (NASDAQ:SKIN) Shares Break Above 50-Day Moving Average – Time to Sell?

Shares of The Beauty Health Company (NASDAQ:SKIN) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $12.30 and traded as high as $15.95. Beauty Health shares last traded at $15.71, with a volume of 433,975 shares.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Cowen started coverage on Beauty Health in a research report on Friday, October 30th. They issued a “hold” rating for the company. Canaccord Genuity Group set a $11.00 target price on shares of Beauty Health and gave the stock a “hold” rating in a research report on Thursday, October 22nd. Citigroup reaffirmed a “hold” rating on shares of Beauty Health in a research note on Thursday, October 15th. Stifel Nicolaus set a $10.00 price target on shares of Beauty Health in a report on Thursday, October 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beauty Health in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Beauty Health Stock Up 51.8%

The stock has a market capitalization of $102.27 million, a PE ratio of -5.73 and a beta of 1.05. The firm has a 50 day moving average of $12.30 and a two-hundred day moving average of $16.38. The company has a current ratio of 1.76, a quick ratio of 1.48 and a debt-to-equity ratio of 4.36.

Beauty Health (NASDAQ:SKIN) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.33) by $1.19. The firm had revenue of $69.17 million during the quarter, compared to analysts’ expectations of $67.97 million. Beauty Health had a negative return on equity of 31.94% and a negative net margin of 6.34%. Equities research analysts anticipate that The Beauty Health Company will post -3.18 earnings per share for the current year.

Institutional Investors Weigh In On Beauty Health

An institutional investor recently raised its stake in Beauty Health stock. Renaissance Technologies LLC raised its holdings in shares of The Beauty Health Company (NASDAQ:SKIN) by 29.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,791 shares of the company’s stock after acquiring an additional 64,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.22% of Beauty Health worth $253,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 93.26% of the company’s stock.

About Beauty Health

BeautyHealth is a global health and beauty company focused on providing technology, products and services for aesthetic and skincare businesses. Its flagship brand, HydraFacial, offers a non-invasive treatment platform that combines cleansing, exfoliation, extraction and hydration, with treatments delivered through proprietary devices and consumable solutions.

The company also provides professional skincare products, treatment systems and related solutions designed for use by physicians, dermatologists, aestheticians and other licensed practitioners.