JPMorgan Chase & Co. Has $238,000 Stock Position in AirSculpt Technologies, Inc. (NASDAQ:AIRS)

JPMorgan Chase & Co. boosted its stake in shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 658.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,803 shares of the company’s stock after buying an additional 39,763 shares during the period. JPMorgan Chase & Co. owned about 0.08% of AirSculpt Technologies worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of AirSculpt Technologies by 227.0% during the third quarter. Barclays PLC now owns 19,100 shares of the company’s stock valued at $97,000 after acquiring an additional 13,259 shares during the period. Geode Capital Management LLC grew its position in 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 in the last quarter. Finally, Virtu Financial LLC acquired a new stake in AirSculpt Technologies during the 4th quarter valued at $91,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AIRS has been the subject of several recent analyst reports. Piper Sandler decreased their target price on AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Leerink Partners decreased their price objective on AirSculpt Technologies from $6.50 to $2.50 and set a “market perform” rating for the company in a research report on Monday, March 31st. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $3.75.

AirSculpt Technologies Stock Up 33.6 %

AIRS stock opened at $3.02 on Friday. The company has a 50 day moving average of $2.55 and a two-hundred day moving average of $4.76. The company has a market cap of $176.90 million, a price-to-earnings ratio of -21.57 and a beta of 1.94. AirSculpt Technologies, Inc. has a 12-month low of $1.53 and a 12-month high of $9.20. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80.

AirSculpt Technologies (NASDAQ:AIRS) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. The firm had revenue of $39.18 million for the quarter, compared to analysts’ expectations of $38.99 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. On average, equities analysts anticipate that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current fiscal year.

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.