AirSculpt Technologies (NASDAQ:AIRS) Given New $2.50 Price Target at Leerink Partners

AirSculpt Technologies (NASDAQ:AIRS) had its price objective cut by Leerink Partners from $6.50 to $2.50 in a research report report published on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

Separately, Piper Sandler decreased their price target on shares of AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, AirSculpt Technologies presently has an average rating of “Hold” and an average price target of $3.75.

AirSculpt Technologies Stock Up 2.2 %

Shares of AirSculpt Technologies stock opened at $2.34 on Monday. The stock’s fifty day moving average is $4.30 and its 200-day moving average is $5.32. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $137.07 million, a PE ratio of -16.71 and a beta of 1.69. AirSculpt Technologies has a 12-month low of $2.10 and a 12-month high of $9.20.

AirSculpt Technologies (NASDAQ:AIRS) last released its earnings results on Friday, March 14th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.05). AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. The firm had revenue of $39.18 million during the quarter, compared to analysts’ expectations of $38.99 million. During the same period last year, the business earned $0.01 earnings per share. Equities analysts anticipate that AirSculpt Technologies will post -0.01 earnings per share for the current year.

Hedge Funds Weigh In On AirSculpt Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in AirSculpt Technologies by 264.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,395 shares of the company’s stock worth $28,000 after purchasing an additional 3,914 shares in the last quarter. Wells Fargo & Company MN increased its position in AirSculpt Technologies by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 6,195 shares of the company’s stock worth $32,000 after buying an additional 2,112 shares during the period. Virtu Financial LLC bought a new position in AirSculpt Technologies during the fourth quarter worth $91,000. Barclays PLC raised its stake in AirSculpt Technologies by 227.0% during the 3rd quarter. Barclays PLC now owns 19,100 shares of the company’s stock valued at $97,000 after purchasing an additional 13,259 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of AirSculpt Technologies by 14.8% during the fourth quarter. Bank of America Corp DE now owns 22,313 shares of the company’s stock valued at $116,000 after buying an additional 2,884 shares during the last quarter. Institutional investors and hedge funds 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.