The Beauty Health Company (NASDAQ:SKIN) Receives Average Recommendation of “Reduce” from Analysts

The Beauty Health Company (NASDAQ:SKIN) has received a consensus rating of “Reduce” from the seven analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $2.40.

A number of analysts recently issued reports on SKIN shares. Weiss Ratings restated a “sell (d-)” rating on shares of Beauty Health in a report on Friday, October 31st. Zacks Research downgraded shares of Beauty Health from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $1.60 price target on shares of Beauty Health in a report on Wednesday, January 14th. TD Cowen upped their price objective on Beauty Health from $1.50 to $1.65 and gave the company a “hold” rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered Beauty Health from a “buy” rating to a “hold” rating in a report on Saturday, November 8th.

Beauty Health Stock Performance

Shares of Beauty Health stock opened at $0.98 on Friday. The business’s fifty day simple moving average is $1.39 and its 200 day simple moving average is $1.63. The company has a current ratio of 4.98, a quick ratio of 4.07 and a debt-to-equity ratio of 5.53. Beauty Health has a 12 month low of $0.78 and a 12 month high of $2.69. The firm has a market capitalization of $125.27 million, a P/E ratio of -4.47 and a beta of 1.16.

Institutional Investors Weigh In On Beauty Health

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in Beauty Health by 6.6% in the second quarter. Invesco Ltd. now owns 98,427 shares of the company’s stock valued at $188,000 after purchasing an additional 6,059 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Beauty Health by 45.5% in the second quarter. ProShare Advisors LLC now owns 23,447 shares of the company’s stock worth $45,000 after purchasing an additional 7,336 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Beauty Health by 5.7% in the third quarter. Rhumbline Advisers now owns 150,124 shares of the company’s stock worth $299,000 after buying an additional 8,142 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Beauty Health by 33.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,488 shares of the company’s stock valued at $79,000 after buying an additional 10,410 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Beauty Health during the 3rd quarter valued at $26,000. 93.26% of the stock is currently owned by institutional investors.

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.