AirSculpt Technologies (NASDAQ:AIRS) Price Target Cut to $5.00 by Analysts at Piper Sandler

AirSculpt Technologies (NASDAQ:AIRS) had its price objective lowered by Piper Sandler from $6.00 to $5.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

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

AirSculpt Technologies Stock Performance

Shares of AirSculpt Technologies stock opened at $5.33 on Friday. The stock has a market capitalization of $308.50 million, a price-to-earnings ratio of -38.07 and a beta of 1.71. The firm’s fifty day simple moving average is $6.16 and its 200-day simple moving average is $5.27. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51. AirSculpt Technologies has a 12 month low of $2.92 and a 12 month high of $9.20.

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

Insider Transactions at AirSculpt Technologies

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

Institutional Trading of AirSculpt Technologies

A number of institutional investors have recently modified their holdings of the business. Barclays PLC raised its position in AirSculpt Technologies by 227.0% in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of AirSculpt Technologies by 6.4% during 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 during the period. Finally, SW Investment Management LLC increased its holdings in shares of AirSculpt Technologies by 5.0% in the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after purchasing an additional 213,677 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.