Piper Sandler Lowers AirSculpt Technologies (NASDAQ:AIRS) Price Target to $5.00

AirSculpt Technologies (NASDAQ:AIRS) had its target price reduced by Piper Sandler from $6.00 to $5.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

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

AirSculpt Technologies Stock Up 8.1 %

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

AirSculpt Technologies (NASDAQ:AIRS) last issued 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). The business had revenue of $42.55 million during the quarter, compared to analyst estimates 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 company posted ($0.01) earnings per share. Analysts predict that AirSculpt Technologies will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Dennis Dean sold 24,510 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 582,052 shares of the company’s stock, valued at approximately $3,806,620.08. This represents a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 78.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. SW Investment Management LLC boosted its holdings in shares of AirSculpt Technologies by 5.0% during the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after purchasing an additional 213,677 shares during the last quarter. Geode Capital Management LLC increased its stake in AirSculpt Technologies by 6.4% in the third quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock valued at $1,803,000 after purchasing an additional 21,339 shares during the last quarter. Finally, Barclays PLC lifted its position in 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 buying an additional 13,259 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.