AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) had its target price lowered by equities research analysts at Leerink Partners from $6.50 to $2.50 in a report released on Monday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Leerink Partners' target price would indicate a potential upside of 26.26% from the stock's current price.
Separately, Piper Sandler cut their target price 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, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.75.
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AirSculpt Technologies Price Performance
NASDAQ:AIRS traded up $0.01 during trading hours on Monday, reaching $1.98. The company had a trading volume of 295,121 shares, compared to its average volume of 146,861. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average of $4.11 and a two-hundred day moving average of $5.27. AirSculpt Technologies has a one year low of $1.71 and a one year high of $9.20. The firm has a market capitalization of $115.98 million, a PE ratio of -14.14 and a beta of 1.69.
AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last posted its 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). 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 during the quarter, compared to the consensus estimate of $38.99 million. During the same period in the previous year, the company posted $0.01 EPS. Analysts forecast that AirSculpt Technologies will post -0.01 earnings per share for the current year.
Institutional Investors Weigh In On AirSculpt Technologies
A number of hedge funds have recently added to or reduced their stakes in AIRS. Tower Research Capital LLC TRC lifted its position in shares of AirSculpt Technologies by 264.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,395 shares of the company's stock worth $28,000 after purchasing an additional 3,914 shares in the last quarter. Wells Fargo & Company MN raised its position in AirSculpt Technologies by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 6,195 shares of the company's stock worth $32,000 after purchasing an additional 2,112 shares during the last quarter. Virtu Financial LLC acquired a new position in AirSculpt Technologies during the 4th quarter worth $91,000. Barclays PLC boosted its position in AirSculpt Technologies by 227.0% in the 3rd quarter. Barclays PLC now owns 19,100 shares of the company's stock valued at $97,000 after buying an additional 13,259 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of AirSculpt Technologies by 14.8% in the 4th quarter. Bank of America Corp DE now owns 22,313 shares of the company's stock valued at $116,000 after buying an additional 2,884 shares during the period. Institutional investors own 91.54% of the company's stock.
AirSculpt Technologies Company Profile
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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.
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