Piper Sandler Cuts Beauty Health (NASDAQ:SKIN) Price Target to $26.00

Jennifer E. Engen

Beauty Health (NASDAQ:SKINGet Rating) had its price target reduced by investment analysts at Piper Sandler from $31.00 to $26.00 in a report released on Thursday, The Fly reports. Piper Sandler’s price objective suggests a potential upside of 94.76% from the company’s current price.

Several other equities research analysts also recently weighed in on SKIN. Zacks Investment Research upgraded Beauty Health from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Saturday, February 26th. Benchmark raised their price objective on Beauty Health from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, March 14th. William Blair initiated coverage on Beauty Health in a research report on Friday, January 7th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. started coverage on Beauty Health in a research report on Friday, March 11th. They set an “overweight” rating and a $24.00 target price on the stock. Finally, DA Davidson raised their price objective on Beauty Health from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, February 23rd. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $27.20.

NASDAQ SKIN opened at $13.35 on Thursday. The company has a quick ratio of 12.63, a current ratio of 13.09 and a debt-to-equity ratio of 2.41. The business has a 50-day moving average price of $16.54 and a 200-day moving average price of $20.14. Beauty Health has a twelve month low of $9.99 and a twelve month high of $30.17.

Beauty Health (NASDAQ:SKINGet Rating) last announced its quarterly earnings results on Tuesday, February 22nd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The firm had revenue of $77.90 million for the quarter, compared to the consensus estimate of $70.90 million. Beauty Health’s revenue was up 106.1% compared to the same quarter last year. Sell-side analysts forecast that Beauty Health will post 0.09 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its stake in shares of Beauty Health by 47.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,962 shares of the company’s stock valued at $50,000 after buying an additional 632 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Beauty Health by 3.9% in the 4th quarter. Baird Financial Group Inc. now owns 64,449 shares of the company’s stock valued at $1,557,000 after purchasing an additional 2,400 shares in the last quarter. Logan Capital Management Inc. purchased a new position in shares of Beauty Health in the 3rd quarter valued at about $78,000. Lindbrook Capital LLC purchased a new position in shares of Beauty Health in the 4th quarter valued at about $74,000. Finally, First Mercantile Trust Co. purchased a new position in shares of Beauty Health in the 3rd quarter valued at about $82,000. Institutional investors and hedge funds own 62.99% of the company’s stock.

Beauty Health Company Profile (Get Rating)

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, peel, exfoliate, extract, infuse, and hydrate the skin with proprietary solutions and serums.

See Also

The Fly logo

Analyst Recommendations for Beauty Health (NASDAQ:SKIN)



Receive News & Ratings for Beauty Health Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Beauty Health and related companies with MarketBeat.com’s FREE daily email newsletter.

Piper Sandler Cuts Beauty Health (NASDAQ:SKIN) Price Target to $26.00

Next Post

Consider This from NPR : NPR

ARI SHAPIRO, HOST: Sanitation – the fact that the Centers for Disease Control and Prevention’s mask mandate on planes, trains and buses ended earlier this month – well, it came down in part to an interpretation of that word – sanitation. (SOUNDBITE OF ARCHIVED RECORDING) UNIDENTIFIED REPORTER #1: In a […]