AirSculpt Technologies, Inc. (NASDAQ:AIRS) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 355,540 shares of the company’s stock after acquiring an additional 21,339 shares during the period. Geode Capital Management LLC owned 0.61% of AirSculpt Technologies worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, SW Investment Management LLC raised its holdings in AirSculpt Technologies by 5.0% during the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after purchasing an additional 213,677 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

AirSculpt Technologies Trading Down 0.3 %

Shares of NASDAQ:AIRS opened at $6.03 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $349.03 million, a price-to-earnings ratio of -43.07 and a beta of 1.71. AirSculpt Technologies, Inc. has a 1-year low of $2.92 and a 1-year high of $9.20. The company has a 50 day moving average price of $6.39 and a 200 day moving average price of $5.21.

AirSculpt Technologies (NASDAQ:AIRS) last issued its earnings results on Friday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The company had revenue of $42.55 million during the quarter, compared to analyst estimates of $42.49 million. AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. On average, research analysts anticipate that AirSculpt Technologies, Inc. will post 0.08 EPS for the current fiscal year.

Insider Activity at AirSculpt Technologies

In related news, CEO Dennis Dean sold 24,510 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $6.54, for a total value of $160,295.40. Following the completion of the transaction, the chief executive officer now owns 582,052 shares of the company’s stock, valued at approximately $3,806,620.08. This trade represents a 4.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 78.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler cut their target price on AirSculpt Technologies from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday. BTIG Research assumed coverage on AirSculpt Technologies in a report on Thursday, October 17th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.50.

AirSculpt Technologies 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.