Piper Sandler Has Lowered Expectations for AirSculpt Technologies (NASDAQ:AIRS) Stock Price

AirSculpt Technologies (NASDAQ:AIRS) had its target price dropped by research analysts at Piper Sandler from $6.00 to $5.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential downside of 6.19% from the stock’s current price.

Separately, BTIG Research began coverage on shares of AirSculpt Technologies in a research report on Thursday, October 17th. They set a “neutral” rating for the company. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, AirSculpt Technologies presently has an average rating of “Hold” and an average price target of $5.00.

AirSculpt Technologies Trading Up 8.1 %

Shares of AIRS stock opened at $5.33 on Friday. The company’s 50-day moving average price is $6.16 and its 200-day moving average price is $5.28. AirSculpt Technologies has a twelve month low of $2.92 and a twelve month high of $9.20. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.80. The stock has a market cap of $308.50 million, a price-to-earnings ratio of -38.07 and a beta of 1.71.

AirSculpt Technologies (NASDAQ:AIRS) last announced 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 firm had revenue of $42.55 million during the quarter, compared to analysts’ expectations of $42.49 million. AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. During the same period in the previous year, the firm earned ($0.01) EPS. As a group, equities analysts predict that AirSculpt Technologies will post 0.01 earnings per share for the current year.

Insider Activity

In related news, CEO Dennis Dean sold 24,510 shares of AirSculpt Technologies stock in a transaction on Friday, November 15th. The shares were sold at an average price of $6.54, for a total transaction of $160,295.40. Following the sale, the chief executive officer now owns 582,052 shares of the company’s stock, valued at $3,806,620.08. The trade was a 4.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 78.30% of the company’s stock.

Hedge Funds Weigh In On AirSculpt Technologies

A number of hedge funds have recently bought and sold shares of the company. Barclays PLC grew its position in shares of AirSculpt Technologies by 227.0% during the third quarter. Barclays PLC now owns 19,100 shares of the company’s stock worth $97,000 after acquiring an additional 13,259 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of AirSculpt Technologies by 6.4% during the third quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock valued at $1,803,000 after acquiring an additional 21,339 shares during the period. Finally, SW Investment Management LLC boosted its position in AirSculpt Technologies by 5.0% during the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after acquiring an additional 213,677 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.