Home Radiant Skin Beauty Health (NASDAQ:SKIN) Price Target Lowered to $22.00 at Piper Sandler

Beauty Health (NASDAQ:SKIN) Price Target Lowered to $22.00 at Piper Sandler

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Beauty Health (NASDAQ:SKIN – Get Rating) had its price target dropped by investment analysts at Piper Sandler from $24.00 to $22.00 in a research report issued on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 59.88% from the stock’s previous close.

A number of other brokerages also recently weighed in on SKIN. JPMorgan Chase & Co. initiated coverage on shares of Beauty Health in a research note on Friday, March 11th. They issued an “overweight” rating and a $24.00 target price for the company. DA Davidson dropped their price objective on shares of Beauty Health from $35.00 to $24.00 in a research report on Wednesday, May 11th. Benchmark increased their price objective on Beauty Health from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, March 14th. Canaccord Genuity Group dropped their target price on Beauty Health from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Finally, Canaccord Genuity Group cut their price target on Beauty Health from $22.00 to $20.00 in a research note on Thursday, June 30th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.50.

SKIN stock opened at $13.76 on Friday. The business has a fifty day moving average price of $12.80 and a 200 day moving average price of $15.30. The company has a debt-to-equity ratio of 2.14, a current ratio of 14.25 and a quick ratio of 13.57. Beauty Health has a fifty-two week low of $9.94 and a fifty-two week high of $30.17. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -4.05 and a beta of 1.67.

Beauty Health (NASDAQ:SKIN – Get Rating) last announced its earnings results on Tuesday, May 10th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Beauty Health had a negative return on equity of 0.01% and a negative net margin of 117.84%. The business had revenue of $75.40 million for the quarter, compared to the consensus estimate of $68.15 million. The business’s revenue was up 58.7% compared to the same quarter last year. On average, equities analysts expect that Beauty Health will post 0.06 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of SKIN. Nisa Investment Advisors LLC acquired a new stake in shares of Beauty Health in the 4th quarter valued at approximately $47,000. Lindbrook Capital LLC acquired a new stake in Beauty Health in the fourth quarter worth $74,000. Emfo LLC raised its holdings in Beauty Health by 116.7% in the fourth quarter. Emfo LLC now owns 6,500 shares of the company’s stock worth $157,000 after purchasing an additional 3,500 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Beauty Health during the first quarter worth $189,000. Finally, HighTower Advisors LLC acquired a new position in shares of Beauty Health in the 1st quarter valued at $199,000. Institutional investors own 72.01% 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.

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