AirSculpt Technologies (NASDAQ:AIRS) Trading Down 11.4% – Should You Sell?

AirSculpt Technologies, Inc. (NASDAQ:AIRS) shares fell 11.4% during trading on Tuesday . The company traded as low as $2.91 and last traded at $2.94. 360,921 shares traded hands during trading, an increase of 205% from the average session volume of 118,369 shares. The stock had previously closed at $3.32.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their price objective on AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, AirSculpt Technologies has a consensus rating of “Hold” and a consensus price target of $5.00.

AirSculpt Technologies Stock Down 11.4 %

The stock has a market capitalization of $170.17 million, a PE ratio of -21.00 and a beta of 1.69. 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 company’s 50-day moving average is $5.08 and its 200 day moving average is $5.45.

Institutional Investors Weigh In On AirSculpt Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in AirSculpt Technologies during the 4th quarter valued at about $288,000. Tradewinds LLC. acquired a new position in AirSculpt Technologies in the 4th quarter worth approximately $279,000. JPMorgan Chase & Co. raised its position in AirSculpt Technologies by 658.3% during the 4th quarter. JPMorgan Chase & Co. now owns 45,803 shares of the company’s stock worth $238,000 after buying an additional 39,763 shares during the last quarter. XTX Topco Ltd acquired a new stake in AirSculpt Technologies during the 4th quarter valued at approximately $138,000. Finally, Geode Capital Management LLC boosted its holdings in shares of AirSculpt Technologies by 6.4% in the 3rd 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 last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About AirSculpt Technologies

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.