Mirae Asset Global Investments Co. Ltd. acquired a new stake in The Beauty Health Company (NASDAQ:SKIN – FREE REPORT ) during the first quarter, according to the latest filing with the Securities and Exchange Commission. The fund purchased 45,023 shares of the company’s stock worth about $200,000.
Other institutional investors also modified their holdings in the company. SG Americas Securities LLC increased its holdings in Beauty Health by 35.3% in the fourth quarter. SG Americas Securities LLC now owns 39,630 shares of the company’s stock valued at $123,000. It purchased an additional 10,332 shares in the last quarter. Raymond James & Associates purchased a new stake in Beauty Health worth $31,000 in the fourth quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Beauty Health worth $31,000 in the fourth quarter. Global Retirement Partners LLC increased its holdings in Beauty Health by 359.5% in the fourth quarter. Global Retirement Partners LLC now owns 119,023 shares of the company’s stock valued at $370,000. It acquired an additional 93,123 shares in the last quarter. Finally, Grimes & Company Inc. acquired a new stake in Beauty Health during the 4th quarter valued at about $683,000. 93.26% of the stock is owned by institutional investors and hedge funds.
What Wall Street analysts are saying
Several equity research analysts have recently commented on SKIN shares. TD Cowen lowered their price objective on Beauty Health from $4.00 to $3.00 and set a “hold” rating on the company in a research report on Monday, May 13th. DA Davidson reaffirmed their “buy” rating on Beauty Health and set a $5.00 price objective for the company in a research report on Monday, May 13th. Finally, Piper Sandler lowered their price objective on Beauty Health from $2.50 to $1.50 and set an “underweight” rating on the company in a research report on Thursday, July 11th. Three equity research analysts have rated the stock with a sell rating, seven have rated it with a hold rating, and two have rated it with a buy rating. According to MarketBeat, the company’s current consensus rating is a “hold” with an average price objective of $6.14.
View the latest SKIN stock report
Beauty Health Price Performance
NASDAQ SKIN shares opened at $1.79 on Friday. The company has a debt-to-equity ratio of 10.51, a quick ratio of 5.55 and a current ratio of 6.57. Beauty Health Company’s one year low and high are $1.35 and $8.68, respectively. The company has a market cap of $221.3 Million, a P/E ratio of -2.56 and a beta of 0.96. The company’s 50-day moving average is $2.13 and its 200-day moving average is $2.91.
Beauty Health (NASDAQ:SKIN – get free report ) last released its quarterly earnings data on Thursday, May 9th. The company reported quarterly EPS of ($0.10), beating the consensus estimate of ($0.14) by $0.04. Beauty Health had a net margin of -20.48% and a return on equity of -0.02%. The company’s quarterly revenue was $81.4 million, beating analyst expectations of $80.56 million. Earnings per share in the same period last year were ($0.17). The company’s quarterly revenue was down 5.7% year over year. Analysts expect Beauty Health Company to post EPS of -0.07 for the current fiscal year.
Beauty and Health Profile
(Free report)
The Beauty Health Company designs, develops, manufactures, markets and sells aesthetic technologies and products worldwide. The company’s flagship products include HydraFacial, which cleanses, exfoliates and hydrates the skin with proprietary solutions and serums. Other products include Syndeo, a delivery system design that connects provider and consumer preferences to create a more personalized experience; consumables such as disposable tips, solutions and serums used to deliver HydraFacial treatments; SkinStylus SteriLock Microsystem, a microneedling device used to treat Fitzpatrick Skin Types I, II and III abdominal surgical or traumatic hypertrophic scars and facial acne scars to improve the appearance of scars; and Keravive, a treatment for scalp health.
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