SG Americas Securities LLC Takes Position in The Beauty Health Company (NASDAQ:SKIN)

SG Americas Securities LLC purchased a new stake in shares of The Beauty Health Company (NASDAQ:SKIN) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 22,575 shares of the company’s stock, valued at approximately $586,000.

Several other hedge funds have also recently added to or reduced their stakes in SKIN. Ameritas Investment Partners Inc. acquired a new stake in Beauty Health in the 2nd quarter valued at approximately $61,000. Advisory Services Network LLC acquired a new stake in Beauty Health in the 2nd quarter valued at approximately $69,000. Emfo LLC acquired a new stake in Beauty Health in the 3rd quarter valued at approximately $78,000. Legal & General Group Plc acquired a new stake in Beauty Health in the 2nd quarter valued at approximately $96,000. Finally, Pinz Capital Management LP acquired a new stake in Beauty Health in the 2nd quarter valued at approximately $106,000. 62.08% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:SKIN opened at $15.24 on Friday. The company has a fifty day simple moving average of $24.01 and a two-hundred day simple moving average of $23.53. The Beauty Health Company has a 52 week low of $9.71 and a 52 week high of $30.17.

Beauty Health (NASDAQ:SKIN) last issued its earnings results on Monday, November 8th. The company reported ($1.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($1.60). The company had revenue of $68.15 million for the quarter, compared to analysts’ expectations of $59.57 million. On average, sell-side analysts anticipate that The Beauty Health Company will post -0.09 earnings per share for the current fiscal year.

SKIN has been the subject of several research reports. DA Davidson lifted their target price on shares of Beauty Health from $26.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, November 10th. Cowen initiated coverage on shares of Beauty Health in a report on Monday, October 4th. They issued an “outperform” rating and a $32.00 target price for the company. Zacks Investment Research upgraded 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 Thursday. Raymond James began coverage on shares of Beauty Health in a research note on Thursday, December 23rd. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus began coverage on shares of Beauty Health in a research note on Thursday, October 7th. They issued a “buy” rating and a $33.00 price target for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $28.22.

About Beauty Health

Edge Systems, LLC designs, develops, manufactures, markets, and sells aesthetic technologies and products. It offers hydradermabrasion system that enhances the skin to cleanse, exfoliate, extract, and hydrate simultaneously; Hydraglucan Intense Hydration Booster, a customization for the HydraFacial treatment exfoliates the skin by improving cell renewal and delivers ingredients, including hyaluronic acid, glucan, and betaine to hydrate the skin and provide anti-aging benefits; HydraFacial Daily Essentials, which provides detoxification, rejuvenation, and protection of skin; crystal microdermabrasion systems; and light emitting diode systems.

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Institutional Ownership by Quarter for Beauty Health (NASDAQ:SKIN)

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