Piper Sandler Has Lowered Expectations for AirSculpt Technologies (NASDAQ:AIRS) Stock Price

AirSculpt Technologies (NASDAQ:AIRS - Free Report) had its target price cut by Piper Sandler from $6.00 to $5.00 in a report issued on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, BTIG Research initiated coverage on AirSculpt Technologies in a research report on Thursday, October 17th. They set a "neutral" rating on the stock. Five 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 an average target price of $5.00.

AirSculpt Technologies Price Performance

AIRS traded up $0.40 on Friday, hitting $5.33. 208,094 shares of the company's stock were exchanged, compared to its average volume of 234,391. AirSculpt Technologies has a fifty-two week low of $2.92 and a fifty-two week high of $9.20. The stock has a market cap of $308.50 million, a price-to-earnings ratio of -38.07 and a beta of 1.71. The firm has a 50-day moving average price of $6.16 and a 200-day moving average price of $5.28. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.80.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.05). The business had revenue of $42.55 million for the quarter, compared to analyst estimates of $42.49 million. AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. As a group, equities analysts anticipate that AirSculpt Technologies will post 0.01 earnings per share for the current year.

Insider Activity

In other AirSculpt Technologies news, CEO Dennis Dean sold 24,510 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $6.54, for a total value of $160,295.40. Following the transaction, the chief executive officer now owns 582,052 shares of the company's stock, valued at $3,806,620.08. This represents a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 78.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of AirSculpt Technologies by 6.4% in the third quarter. Geode Capital Management LLC now owns 355,540 shares of the company's stock valued at $1,803,000 after purchasing an additional 21,339 shares in the last quarter. Barclays PLC grew its stake in shares of AirSculpt Technologies by 227.0% in the third quarter. Barclays PLC now owns 19,100 shares of the company's stock worth $97,000 after acquiring an additional 13,259 shares in the last quarter. Finally, SW Investment Management LLC grew its stake in shares of AirSculpt Technologies by 5.0% in the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company's stock worth $18,000,000 after acquiring an additional 213,677 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.