Beauty Health (NASDAQ:SKIN) Price Target Raised to $23.00 at Piper Sandler

Beauty Health (NASDAQ:SKINGet Rating) had its price objective raised by Piper Sandler from $20.00 to $23.00 in a research report released on Friday, The Fly reports. The brokerage currently has an overweight rating on the stock.

SKIN has been the topic of a number of other research reports. DA Davidson raised their target price on Beauty Health from $25.00 to $30.00 and gave the company a buy rating in a report on Friday. The Goldman Sachs Group lowered their target price on Beauty Health from $25.00 to $22.00 and set a buy rating on the stock in a report on Tuesday, August 16th. Canaccord Genuity Group lowered their target price on Beauty Health from $22.00 to $20.00 and set a buy rating on the stock in a report on Thursday, June 30th. Finally, Canaccord Genuity Group lowered their target price on Beauty Health from $22.00 to $20.00 in a report on Thursday, June 30th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $25.00.

Beauty Health Stock Performance

Shares of NASDAQ SKIN opened at $11.98 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 10.59 and a current ratio of 11.44. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -6.21 and a beta of 1.49. The business’s 50-day simple moving average is $12.76 and its 200-day simple moving average is $13.88. Beauty Health has a 52 week low of $9.94 and a 52 week high of $30.17.

Institutional Trading of Beauty Health

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in Beauty Health by 589.7% during the first quarter. SG Americas Securities LLC now owns 36,290 shares of the company’s stock worth $613,000 after acquiring an additional 31,028 shares in the last quarter. CNA Financial Corp grew its position in shares of Beauty Health by 27.3% in the first quarter. CNA Financial Corp now owns 34,746 shares of the company’s stock valued at $587,000 after purchasing an additional 7,451 shares during the last quarter. Bfsg LLC acquired a new position in shares of Beauty Health in the first quarter valued at approximately $878,000. Centiva Capital LP acquired a new position in shares of Beauty Health in the fourth quarter valued at approximately $2,557,000. Finally, Skylands Capital LLC acquired a new position in shares of Beauty Health in the first quarter valued at approximately $471,000. Institutional investors own 78.59% of the company’s stock.

About Beauty Health

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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, peel, exfoliate, extract, infuse, and hydrate the skin with proprietary solutions and serums.

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Analyst Recommendations for Beauty Health (NASDAQ:SKIN)

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