Beauty Health (NASDAQ:SKIN) Shares Scheduled to Reverse Split on Wednesday, October 14th

The Beauty Health Company (NASDAQ:SKIN) shares are scheduled to reverse split on Wednesday, October 14th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, October 13th.

Beauty Health Trading Down 3.3%

SKIN opened at $0.55 on Friday. Beauty Health has a 1-year low of $0.50 and a 1-year high of $1.74. The company has a current ratio of 1.76, a quick ratio of 1.48 and a debt-to-equity ratio of 4.36. The company has a market cap of $71.58 million, a P/E ratio of -2.50 and a beta of 1.05. The company has a fifty day moving average price of $0.66 and a two-hundred day moving average price of $0.74.

Beauty Health (NASDAQ:SKIN) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). The firm had revenue of $72.11 million for the quarter, compared to analyst estimates of $74.45 million. Beauty Health had a negative net margin of 9.79% and a negative return on equity of 47.83%. Analysts predict that Beauty Health will post -0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SKIN has been the subject of several recent research reports. TD Cowen decreased their price objective on Beauty Health from $1.00 to $0.90 and set a “hold” rating for the company in a report on Wednesday, August 12th. Zacks Research cut Beauty Health from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Weiss Ratings downgraded shares of Beauty Health from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1.38.

Institutional Trading of Beauty Health

Several institutional investors and hedge funds have recently modified their holdings of SKIN. Diversified Trust Co bought a new position in shares of Beauty Health during the first quarter valued at about $25,000. Bank of America Corp DE grew its position in Beauty Health by 19.2% in the 1st quarter. Bank of America Corp DE now owns 106,242 shares of the company’s stock worth $95,000 after purchasing an additional 17,088 shares in the last quarter. Renaissance Technologies LLC increased its stake in Beauty Health by 29.6% in the 1st quarter. Renaissance Technologies LLC now owns 283,791 shares of the company’s stock valued at $253,000 after buying an additional 64,900 shares during the last quarter. Finally, Capricorn Fund Managers Ltd purchased a new stake in Beauty Health in the 1st quarter valued at about $17,270,000. 93.26% of the stock is owned by hedge funds and other institutional investors.

Beauty Health Company Profile

BeautyHealth is a global health and beauty company focused on creating technology-enabled products and experiences for skin health. Its primary brand is Hydrafacial, which offers non-invasive skin treatments that combine cleansing, exfoliation, extraction and hydration with professional-grade devices, serums and treatment boosters.

The company also provides products and systems designed for complementary aesthetic and wellness applications, including Syndeo, a connected Hydrafacial delivery system; Keravive, a scalp-health treatment; and SkinStylus, a microneedling platform.