The Beauty Health Company (NASDAQ:SKIN) Receives $1.38 Average Target Price from Brokerages

The Beauty Health Company (NASDAQ:SKIN) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $1.3750.

A number of equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Beauty Health from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 23rd. Zacks Research cut shares of Beauty Health from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Roth Capital restated a “buy” rating and set a $2.00 target price (down from $2.50) on shares of Beauty Health in a research report on Wednesday, May 20th. Canaccord Genuity Group dropped their target price on Beauty Health from $1.50 to $1.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Finally, TD Cowen cut their price target on shares of Beauty Health from $1.00 to $0.90 and set a “hold” rating on the stock in a research report on Wednesday, August 12th.

Institutional Investors Weigh In On Beauty Health

Several hedge funds and other institutional investors have recently modified their holdings of the company. Diversified Trust Co bought a new stake in shares of Beauty Health during the first quarter valued at about $25,000. Public Employees Retirement System of Ohio purchased a new position in Beauty Health during the third quarter valued at approximately $26,000. Atom Investors LP bought a new stake in Beauty Health during the 4th quarter worth approximately $29,000. CWM LLC increased its holdings in Beauty Health by 232.8% during the 4th quarter. CWM LLC now owns 22,018 shares of the company’s stock worth $31,000 after acquiring an additional 15,402 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in Beauty Health in the 3rd quarter worth approximately $31,000. Institutional investors own 93.26% of the company’s stock.

Beauty Health Price Performance

Shares of NASDAQ SKIN opened at $0.63 on Friday. The stock has a market cap of $81.99 million, a P/E ratio of -2.86 and a beta of 1.07. Beauty Health has a twelve month low of $0.55 and a twelve month high of $2.69. The stock has a 50 day moving average of $0.73 and a two-hundred day moving average of $0.86. 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 results on Thursday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02). The business had revenue of $72.11 million for the quarter, compared to analyst estimates of $74.45 million. Beauty Health had a negative net margin of 9.79% and a negative return on equity of 47.83%. On average, research analysts forecast that Beauty Health will post -0.16 earnings per share for the current year.

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.