AirSculpt Technologies (NASDAQ:AIRS) Given New $2.50 Price Target at Leerink Partners

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) had its price target dropped by investment analysts at Leerink Partners from $6.50 to $2.50 in a report issued on Monday,Benzinga reports. The firm currently has a "market perform" rating on the stock. Leerink Partners' price target suggests a potential upside of 16.82% from the stock's previous close.

Separately, Piper Sandler dropped their price target on shares of AirSculpt Technologies from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, AirSculpt Technologies presently has an average rating of "Hold" and an average price target of $3.75.

AirSculpt Technologies Price Performance

Shares of AIRS stock traded down $0.01 during trading hours on Monday, reaching $2.14. The company had a trading volume of 203,673 shares, compared to its average volume of 143,376. AirSculpt Technologies has a 12-month low of $2.02 and a 12-month high of $9.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $125.35 million, a price-to-earnings ratio of -15.04 and a beta of 1.69. The stock has a fifty day moving average of $4.23 and a 200-day moving average of $5.31.

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AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last issued its earnings results on Friday, March 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $39.18 million during the quarter, compared to analyst estimates of $38.99 million. During the same period last year, the business earned $0.01 earnings per share. On average, equities analysts anticipate that AirSculpt Technologies will post -0.01 earnings per share for the current year.

Institutional Trading of AirSculpt Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AIRS. Barclays PLC boosted its stake in AirSculpt Technologies by 227.0% during the third quarter. Barclays PLC now owns 19,100 shares of the company's stock worth $97,000 after buying an additional 13,259 shares during the period. Geode Capital Management LLC lifted its holdings in shares of AirSculpt Technologies by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 355,540 shares of the company's stock worth $1,803,000 after acquiring an additional 21,339 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of AirSculpt Technologies during the 4th quarter worth approximately $91,000. JPMorgan Chase & Co. increased its holdings in AirSculpt Technologies by 658.3% in the 4th quarter. JPMorgan Chase & Co. now owns 45,803 shares of the company's stock valued at $238,000 after purchasing an additional 39,763 shares during the last quarter. Finally, Tradewinds LLC. purchased a new stake in AirSculpt Technologies in the fourth quarter valued at approximately $279,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

AirSculpt Technologies Company Profile

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.