AirSculpt Technologies (NASDAQ:AIRS) Price Target Lowered to $5.00 at Piper Sandler

AirSculpt Technologies (NASDAQ:AIRS) had its price objective reduced by equities researchers at Piper Sandler from $6.00 to $5.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential downside of 3.68% from the company’s previous close.

Separately, BTIG Research began coverage on AirSculpt Technologies in a research note on Thursday, October 17th. They set a “neutral” rating on the stock. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, AirSculpt Technologies currently has a consensus rating of “Hold” and an average price target of $5.00.

AirSculpt Technologies Price Performance

Shares of NASDAQ AIRS traded up $0.26 during trading hours on Friday, reaching $5.19. 95,612 shares of the stock traded hands, compared to its average volume of 273,294. The company’s 50-day simple moving average is $6.23 and its two-hundred day simple moving average is $5.26. The company has a market capitalization of $300.46 million, a P/E ratio of -37.18 and a beta of 1.71. AirSculpt Technologies has a 52-week low of $2.92 and a 52-week high of $9.20. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80.

AirSculpt Technologies (NASDAQ:AIRS) last posted its quarterly earnings results on Friday, November 8th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. The business had revenue of $42.55 million for the quarter, compared to analysts’ expectations of $42.49 million. During the same period last year, the business posted ($0.01) earnings per share. Equities research analysts forecast that AirSculpt Technologies will post 0.01 EPS for the current year.

Insider Buying and Selling

In related news, CEO Dennis Dean sold 24,510 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $6.54, for a total value of $160,295.40. Following the sale, the chief executive officer now directly owns 582,052 shares of the company’s stock, valued at $3,806,620.08. This trade represents a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 78.30% of the stock is owned by insiders.

Institutional Investors Weigh In On AirSculpt Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. SW Investment Management LLC raised its holdings in shares of AirSculpt Technologies by 5.0% during the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after acquiring an additional 213,677 shares in the last quarter. Geode Capital Management LLC raised its holdings in AirSculpt Technologies by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock worth $1,803,000 after purchasing an additional 21,339 shares in the last quarter. Finally, Barclays PLC raised its holdings in AirSculpt Technologies by 227.0% in the 3rd quarter. Barclays PLC now owns 19,100 shares of the company’s stock worth $97,000 after purchasing an additional 13,259 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.