AirSculpt Technologies, Inc. (NASDAQ:AIRS) Shares Bought by Bank of America Corp DE

Bank of America Corp DE boosted its position in shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 14.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,313 shares of the company’s stock after buying an additional 2,884 shares during the quarter. Bank of America Corp DE’s holdings in AirSculpt Technologies were worth $116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AIRS. Jane Street Group LLC acquired a new stake in AirSculpt Technologies during the fourth quarter valued at $288,000. Tradewinds LLC. purchased a new stake in shares of AirSculpt Technologies during the fourth quarter worth about $279,000. JPMorgan Chase & Co. increased its stake in shares of AirSculpt Technologies by 658.3% during the fourth quarter. JPMorgan Chase & Co. now owns 45,803 shares of the company’s stock worth $238,000 after purchasing an additional 39,763 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of AirSculpt Technologies during the fourth quarter worth about $138,000. Finally, Virtu Financial LLC purchased a new stake in shares of AirSculpt Technologies during the fourth quarter worth about $91,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

AirSculpt Technologies Stock Performance

NASDAQ AIRS opened at $5.06 on Tuesday. The company has a market cap of $297.43 million, a PE ratio of -36.14 and a beta of 2.47. The stock’s 50 day simple moving average is $3.25 and its 200-day simple moving average is $4.20. AirSculpt Technologies, Inc. has a 1-year low of $1.53 and a 1-year high of $9.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51.

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

Wall Street Analyst Weigh In

Separately, Leerink Partners cut their target price on shares of AirSculpt Technologies from $6.50 to $2.50 and set a “market perform” rating for the company in a research note on Monday, March 31st.

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.