Beauty Health (NASDAQ:SKIN) Trading 3.1% Higher - Should You Buy?

The Beauty Health Company (NASDAQ:SKIN - Get Free Report) shot up 3.1% on Thursday . The company traded as high as $1.68 and last traded at $1.67. 250,190 shares were traded during trading, a decline of 51% from the average session volume of 506,165 shares. The stock had previously closed at $1.62.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their target price on Beauty Health from $1.25 to $1.75 and gave the company a "hold" rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Beauty Health has a consensus rating of "Hold" and a consensus price target of $2.55.

Beauty Health Price Performance

The company has a market capitalization of $207.28 million, a P/E ratio of -3.98 and a beta of 0.82. The company has a current ratio of 6.56, a quick ratio of 5.57 and a debt-to-equity ratio of 9.23. The stock has a 50 day moving average price of $1.62 and a 200 day moving average price of $1.57.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Beauty Health by 0.3% in the 3rd quarter. FMR LLC now owns 18,603,037 shares of the company's stock valued at $26,788,000 after buying an additional 58,826 shares during the period. Mirabella Financial Services LLP bought a new position in shares of Beauty Health during the 4th quarter worth approximately $14,292,000. Millennium Management LLC lifted its position in shares of Beauty Health by 30.6% during the 4th quarter. Millennium Management LLC now owns 3,118,970 shares of the company's stock worth $4,959,000 after buying an additional 730,647 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of Beauty Health by 1.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,499,652 shares of the company's stock worth $3,599,000 after buying an additional 27,665 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Beauty Health by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,787,492 shares of the company's stock worth $2,843,000 after purchasing an additional 30,825 shares during the period. 93.26% of the stock is owned by institutional investors.

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About Beauty Health

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, extract, and hydrate the skin with proprietary solutions and serums. Its products also comprise Syndeo, a Delivery System designs to connects providers to the consumer's preferences to create a more personalized experience; consumables, such as single-use tips, solutions, and serums used to provide a hydrafacial treatment; SkinStylus SteriLock Microsystem, a microneedling device used for the treatment of enhancing appearance of surgical or traumatic hypertrophic scars on the abdomen and facial acne scarring in Fitzpatrick skin types I, II, and III; and Keravive, a treatment for scalp health.