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

Shares of The Beauty Health Company (NASDAQ:SKIN) have been given a consensus rating of “Reduce” by the seven analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $2.40.

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

Beauty Health Stock Down 0.8%

NASDAQ SKIN opened at $0.98 on Friday. Beauty Health has a 1 year low of $0.78 and a 1 year high of $2.69. The stock has a market capitalization of $125.27 million, a PE ratio of -4.47 and a beta of 1.16. The company has a debt-to-equity ratio of 5.53, a current ratio of 4.98 and a quick ratio of 4.07. The business’s 50-day moving average is $1.39 and its 200 day moving average is $1.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Prescott Group Capital Management L.L.C. raised its stake in Beauty Health by 29.2% during the second quarter. Prescott Group Capital Management L.L.C. now owns 835,939 shares of the company’s stock valued at $1,597,000 after buying an additional 189,141 shares during the last quarter. Mirabella Financial Services LLP increased its holdings in shares of Beauty Health by 5.0% during the second quarter. Mirabella Financial Services LLP now owns 12,861,549 shares of the company’s stock valued at $24,566,000 after acquiring an additional 614,602 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Beauty Health by 55.4% in the 2nd quarter. Intech Investment Management LLC now owns 70,573 shares of the company’s stock worth $135,000 after purchasing an additional 25,156 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in Beauty Health by 87.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 31,408 shares of the company’s stock worth $60,000 after purchasing an additional 14,653 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in Beauty Health by 45.5% during the 2nd quarter. ProShare Advisors LLC now owns 23,447 shares of the company’s stock valued at $45,000 after purchasing an additional 7,336 shares during the last quarter. Hedge funds and other institutional investors own 93.26% of the company’s stock.

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.