The Beauty Health Company (NASDAQ:SKIN) Receives Consensus Rating of “Buy” from Analysts

Jennifer E. Engen

The Beauty Health Company (NASDAQ:SKINGet Rating) has earned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $27.90.

SKIN has been the topic of a number of recent analyst reports. William Blair initiated coverage on shares of Beauty Health in a report on Friday, January 7th. They set an “outperform” rating on the stock. Benchmark upped their target price on shares of Beauty Health from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, March 14th. Zacks Investment Research raised shares of Beauty Health from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Saturday, February 26th. DA Davidson increased their price objective on shares of Beauty Health from $32.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, February 23rd. Finally, JPMorgan Chase & Co. began coverage on shares of Beauty Health in a research report on Friday, March 11th. They set an “overweight” rating and a $24.00 target price on the stock.

SKIN opened at $13.32 on Wednesday. The stock’s 50 day simple moving average is $16.54 and its 200 day simple moving average is $20.19. Beauty Health has a 1 year low of $9.91 and a 1 year high of $30.17. The company has a debt-to-equity ratio of 2.41, a quick ratio of 12.63 and a current ratio of 13.09.

Beauty Health (NASDAQ:SKINGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.04. The company had revenue of $77.90 million during the quarter, compared to the consensus estimate of $70.90 million. The business’s revenue was up 106.1% on a year-over-year basis. Analysts expect that Beauty Health will post 0.09 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of Beauty Health by 47.5% in the third 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 in the last quarter. Logan Capital Management Inc. purchased a new stake in shares of Beauty Health in the third quarter valued at approximately $78,000. Lindbrook Capital LLC purchased a new stake in shares of Beauty Health in the fourth quarter valued at approximately $74,000. First Mercantile Trust Co. purchased a new stake in shares of Beauty Health in the third quarter valued at approximately $82,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Beauty Health in the fourth quarter valued at approximately $47,000. 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.

Further Reading

Analyst Recommendations for Beauty Health (NASDAQ:SKIN)



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The Beauty Health Company (NASDAQ:SKIN) Receives Consensus Rating of “Buy” from Analysts

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