AirSculpt Technologies (NASDAQ:AIRS) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of AirSculpt Technologies (NASDAQ:AIRS – Get Rating) from a hold rating to a buy rating in a report issued on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $9.50 target price on the stock.

According to Zacks, “AirSculpt Technologies Inc. is a provider of body contouring procedures delivering a premium consumer experience under its brand, Elite Body Sculpture. At Elite Body Sculpture, it provide custom body contouring using our proprietary AirSculpt(R) method which removes unwanted fat in a minimally invasive procedure. AirSculpt Technologies Inc. is based in MIAMI BEACH, Fla. “

Separately, SVB Leerink raised their price target on AirSculpt Technologies from $26.00 to $27.00 and gave the stock an outperform rating in a research report on Monday, March 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of $18.70.

Shares of AirSculpt Technologies stock opened at $8.14 on Wednesday. AirSculpt Technologies has a fifty-two week low of $7.96 and a fifty-two week high of $18.48. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.98. The stock has a 50 day simple moving average of $12.16.

A number of institutional investors have recently bought and sold shares of the business. Miura Global Management LLC acquired a new stake in AirSculpt Technologies in the fourth quarter valued at $14,955,000. Millennium Management LLC acquired a new stake in shares of AirSculpt Technologies during the fourth quarter worth about $7,245,000. Nicholas Investment Partners LP acquired a new stake in shares of AirSculpt Technologies during the first quarter worth about $3,514,000. Norges Bank acquired a new stake in shares of AirSculpt Technologies during the fourth quarter worth about $4,415,000. Finally, BlackRock Inc. acquired a new stake in shares of AirSculpt Technologies during the fourth quarter worth about $3,543,000. Institutional investors own 64.47% of the company’s stock.

AirSculpt Technologies Company Profile (Get Rating)

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. It offers custom body contouring using its AirSculpt procedure that removes unwanted fat in a minimally invasive procedure.

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