Benchmark Downgrades Beauty Health (NASDAQ:SKIN) to Hold

Beauty Health (NASDAQ:SKIN) was downgraded by Benchmark from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Marketbeat reports.

SKIN has been the topic of several other research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.00 price target on shares of Beauty Health in a research report on Friday, August 25th. Raymond James downgraded shares of Beauty Health from a “market perform” rating to an “underperform” rating in a report on Tuesday. Imperial Capital initiated coverage on shares of Beauty Health in a research report on Tuesday, September 19th. They set an “outperform” rating on the stock. DA Davidson decreased their price objective on shares of Beauty Health from $35.00 to $16.50 and set a “buy” rating for the company in a research report on Thursday, August 10th. Finally, TD Cowen dropped their target price on shares of Beauty Health from $15.00 to $9.00 and set an “outperform” rating on the stock in a report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.56.

Beauty Health Price Performance

NASDAQ:SKIN opened at $1.90 on Tuesday. Beauty Health has a 52-week low of $1.35 and a 52-week high of $13.90. The company has a market cap of $252.48 million, a P/E ratio of -2.84 and a beta of 1.24. The company has a debt-to-equity ratio of 4.55, a quick ratio of 7.98 and a current ratio of 9.28. The stock’s 50-day simple moving average is $5.10 and its 200 day simple moving average is $7.19.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in shares of Beauty Health by 172.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,666 shares of the company’s stock valued at $56,000 after purchasing an additional 4,217 shares during the last quarter. State of Wyoming boosted its stake in Beauty Health by 46.4% in the 4th quarter. State of Wyoming now owns 6,791 shares of the company’s stock valued at $62,000 after purchasing an additional 2,152 shares during the period. AQR Capital Management LLC bought a new stake in Beauty Health in the 3rd quarter valued at $72,000. Federated Hermes Inc. acquired a new position in Beauty Health in the 1st quarter valued at $83,000. Finally, Levin Capital Strategies L.P. bought a new position in Beauty Health during the 2nd quarter worth $84,000.

About Beauty Health

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.