AirSculpt Technologies (NASDAQ:AIRS) Shares Up 6.1% – What’s Next?

AirSculpt Technologies, Inc. (NASDAQ:AIRS) shares traded up 6.1% during trading on Wednesday . The stock traded as high as $3.07 and last traded at $2.95. 3,490,876 shares changed hands during mid-day trading, an increase of 180% from the average session volume of 1,248,034 shares. The stock had previously closed at $2.78.

Analysts Set New Price Targets

Several research firms have weighed in on AIRS. Weiss Ratings restated a “sell (d-)” rating on shares of AirSculpt Technologies in a research note on Monday, December 29th. Leerink Partners restated a “market perform” rating and set a $6.00 price objective on shares of AirSculpt Technologies in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, AirSculpt Technologies currently has an average rating of “Reduce” and a consensus price target of $6.00.

AirSculpt Technologies Price Performance

The business has a fifty day moving average price of $2.86 and a 200 day moving average price of $5.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $184.20 million, a price-to-earnings ratio of -9.83 and a beta of 2.66.

AirSculpt Technologies (NASDAQ:AIRS) last announced its earnings results on Friday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). AirSculpt Technologies had a negative net margin of 11.41% and a negative return on equity of 14.30%. The company had revenue of $34.99 million during the quarter, compared to the consensus estimate of $39.80 million. On average, research analysts expect that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AirSculpt Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of AirSculpt Technologies by 239.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,952 shares of the company’s stock valued at $48,000 after purchasing an additional 4,199 shares during the period. Intech Investment Management LLC acquired a new position in AirSculpt Technologies during the third quarter worth about $80,000. Vanguard Personalized Indexing Management LLC acquired a new position in AirSculpt Technologies during the second quarter worth about $50,000. Brevan Howard Capital Management LP bought a new stake in AirSculpt Technologies in the third quarter worth about $83,000. Finally, Jane Street Group LLC acquired a new stake in AirSculpt Technologies in the 2nd quarter valued at about $60,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc (NASDAQ: AIRS) is a medical technology company specializing in minimally invasive body contouring. The company’s flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.