AirSculpt Technologies (NASDAQ:AIRS) Stock Rating Lowered by Morgan Stanley

AirSculpt Technologies (NASDAQ:AIRS – Get Rating) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, The Fly reports. They currently have a $8.50 price target on the stock, down from their previous price target of $17.00. Morgan Stanley’s price target points to a potential upside of 4.04% from the stock’s previous close.

Separately, SVB Leerink increased their price objective on AirSculpt Technologies from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, March 14th.

AIRS stock opened at $8.17 on Thursday. The business has a fifty day moving average price of $9.74 and a 200 day moving average price of $12.30. AirSculpt Technologies has a fifty-two week low of $7.06 and a fifty-two week high of $18.48. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.91.

In other news, Director Kenneth Higgins acquired 12,000 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were purchased at an average cost of $8.24 per share, for a total transaction of $98,880.00. Following the transaction, the director now owns 25,910 shares of the company’s stock, valued at $213,498.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 77.94% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of AIRS. Brown Advisory Inc. bought a new position in shares of AirSculpt Technologies in the 4th quarter worth $258,000. Kornitzer Capital Management Inc. KS bought a new position in shares of AirSculpt Technologies in the 4th quarter worth $1,461,000. ACT Capital Management LLC bought a new position in shares of AirSculpt Technologies in the 4th quarter worth $1,745,000. Northern Trust Corp bought a new position in shares of AirSculpt Technologies in the 4th quarter worth $829,000. Finally, Raymond James & Associates bought a new position in shares of AirSculpt Technologies in the 4th quarter worth $282,000. Institutional investors and hedge funds own 64.47% of the company’s stock.

About AirSculpt Technologies (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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