Beauty Health (NASDAQ:SKIN) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Beauty Health (NASDAQ:SKIN) from a strong-buy rating to a hold rating in a research report released on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on SKIN. Weiss Ratings raised shares of Beauty Health from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 8th. Canaccord Genuity Group cut their target price on shares of Beauty Health from $1.50 to $1.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Finally, Roth Capital reiterated a “buy” rating and issued a $2.00 price target (down from $2.50) on shares of Beauty Health in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Beauty Health presently has an average rating of “Hold” and an average price target of $2.02.

Beauty Health Trading Down 0.9%

Shares of SKIN stock opened at $0.75 on Monday. Beauty Health has a 52-week low of $0.55 and a 52-week high of $2.69. 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 firm has a market capitalization of $97.81 million, a PE ratio of -4.44 and a beta of 1.08. The stock has a fifty day simple moving average of $0.73 and a two-hundred day simple moving average of $0.98.

Beauty Health (NASDAQ:SKIN) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. Beauty Health had a negative return on equity of 9.38% and a negative net margin of 2.03%.The business had revenue of $64.91 million for the quarter, compared to analysts’ expectations of $66.28 million. On average, analysts predict that Beauty Health will post -0.16 EPS for the current fiscal year.

Institutional Trading of Beauty Health

Several hedge funds have recently modified their holdings of the company. Capricorn Fund Managers Ltd bought a new stake in shares of Beauty Health in the 1st quarter worth about $17,270,000. Diversified Trust Co purchased a new stake in shares of Beauty Health during the 1st quarter valued at about $25,000. MTM Investment Management LLC raised its position in shares of Beauty Health by 114.0% during the 4th quarter. MTM Investment Management LLC now owns 26,218 shares of the company’s stock valued at $36,000 after buying an additional 13,968 shares in the last quarter. CWM LLC lifted its holdings in shares of Beauty Health by 232.8% in the 4th 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 last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Beauty Health by 111.9% in the 4th quarter. SG Americas Securities LLC now owns 24,670 shares of the company’s stock valued at $34,000 after acquiring an additional 13,026 shares during the last quarter. 93.26% of the stock is owned by hedge funds and other institutional investors.

About Beauty Health

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.