Beauty Health Company (NASDAQ:SKIN – Free Report) Chairman Brent L. Saunders acquired 40,450 shares of Beauty Health in a transaction that occurred on Monday, August 12. The shares were acquired at an average price of $1.08 per share, for a total value of $43,686.00. Following the completion of the purchase, the chairman now owns 5,921,769 shares of the company’s stock, valued at approximately $6,395,510.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Beauty Health Price Performance
SKIN shares opened at $1.26 on Wednesday. The stock’s 50-day moving average is $1.81 and its 200-day moving average is $2.77. The company has a debt-to-equity ratio of 10.51, a current ratio of 6.57 and a quick ratio of 5.55. The company has a market cap of $155.77 million, a price-to-earnings ratio of -1.80 and a beta of 0.96. The Beauty Health Company has a one year low of $0.91 and a one year high of $7.23.
Changes in analyst ratings
Several brokerage firms have issued reports on SKIN. Canaccord Genuity Group lowered their price target on shares of Beauty Health from $2.00 to $1.25 and gave the company a “hold” rating in a research note on Monday. Stifel Nicolaus lowered their price target on Beauty Health from $4.00 to $2.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. TD Cowen lowered their price target on Beauty Health from $4.00 to $3.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Piper Sandler reiterated an “underweight” rating and issued a $1.00 price target (down from $1.50) on shares of Beauty Health in a research note on Friday, August 9th. Finally, DA Davidson reiterated a “buy” rating and issued a $5.00 price target on Beauty Health shares in a report on Monday, May 13. Three analysts have rated the stock with a sell rating, seven have given a hold rating, and two have given a buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.39.
Read our latest Beauty Health stock report
Institutional trading in Beauty Health
Institutional investors have recently bought and sold shares of 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 after purchasing an additional 10,332 shares during the period. Raymond James & Associates acquired a new position in shares of Beauty Health in the 4th quarter valued at $31,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Beauty Health in the 4th quarter valued at $31,000. Aigen Investment Management LP increased its position in Beauty Health by 88.7% in the 4th quarter. Aigen Investment Management LP now owns 31,865 shares of the company’s stock valued at $99,000 after purchasing an additional 14,974 shares during the last quarter. Finally, Sierra Summit Advisors LLC acquired a new stake in Beauty Health in the 4th quarter valued at approximately $856,000. Institutional investors and hedge funds own 93.26% of the company’s stock.
Company Profile Beauty Health
(Get free report)
The Beauty Health Company designs, develops, manufactures, markets and sells aesthetic technologies and products worldwide. The company’s flagship product is HydraFacial, which improves skin by cleansing, extracting and hydrating it with proprietary solutions and serums. Its products also include Syndeo, a delivery system that connects providers with consumer preferences to create a more personalized experience; consumables such as disposable tips, solutions and serums for a Hydrafacial treatment; SkinStylus SteriLock Microsystem, a microneedling device used to treat to improve the appearance of surgical or traumatic hypertrophic scars on the abdomen and acne scars on the face in Fitzpatrick skin types I, II and III; and Keravive, a treatment for scalp health.
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