Shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS – Get Free Report) were up 8.5% on Tuesday. The stock traded as high as $1.29 and last traded at $1.27. Approximately 645,216 shares changed hands during mid-day trading, The stock had previously closed at $1.17.
Analysts Set New Price Targets
Several brokerages have recently issued reports on AIRS. Lake Street Capital began coverage on AirSculpt Technologies in a research report on Thursday. They set a “buy” rating and a $3.00 target price for the company. Wall Street Zen downgraded shares of AirSculpt Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Monday, September 28th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AirSculpt Technologies has an average rating of “Hold” and a consensus target price of $3.75.
Check Out Our Latest Report on AirSculpt Technologies
AirSculpt Technologies Trading Up 16.0%
The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a fifty day simple moving average of $2.04 and a two-hundred day simple moving average of $3.12. The firm has a market capitalization of $120.40 million, a P/E ratio of -9.28 and a beta of 2.29.
AirSculpt Technologies (NASDAQ:AIRS – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $42.90 million during the quarter, compared to the consensus estimate of $44.14 million. AirSculpt Technologies had a negative net margin of 7.79% and a negative return on equity of 5.83%.
Institutional Trading of AirSculpt Technologies
A number of institutional investors have recently modified their holdings of AIRS. Royal Bank of Canada lifted its position in shares of AirSculpt Technologies by 259.6% during the first quarter. Royal Bank of Canada now owns 9,879 shares of the company’s stock worth $28,000 after acquiring an additional 7,132 shares in the last quarter. AXQ Capital LP purchased a new position in shares of AirSculpt Technologies in the second quarter valued at $46,000. Hsbc Holdings PLC purchased a new position in shares of AirSculpt Technologies in the second quarter valued at $63,000. Waverly Advisors LLC purchased a new position in shares of AirSculpt Technologies in the second quarter valued at $101,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of AirSculpt Technologies during the 2nd quarter valued at $117,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
AirSculpt Technologies Company Profile
AirSculpt Technologies, Inc operates a medical aesthetics business focused on body-contouring and cosmetic procedures. Through its AirSculpt brand, the company provides minimally invasive liposuction and fat-transfer treatments designed to remove unwanted fat and reshape areas of the body.
Its services also include procedures such as skin tightening and other elective aesthetic treatments, with offerings varying by location and patient needs. AirSculpt markets its procedures directly to consumers and provides consultations, treatment planning and follow-up care through its network of company-operated centers.
The company was founded in 2015 by plastic surgeon Dr.
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