AirSculpt Technologies (NASDAQ:AIRS) Trading 2.4% Higher - Time to Buy?

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report)'s share price was up 2.4% during trading on Wednesday . The company traded as high as $1.84 and last traded at $1.73. Approximately 105,120 shares traded hands during trading, a decline of 34% from the average daily volume of 159,808 shares. The stock had previously closed at $1.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler cut their price target on shares of AirSculpt Technologies from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, January 17th. Leerink Partners reduced their target price on AirSculpt Technologies from $6.50 to $2.50 and set a "market perform" rating for the company in a report on Monday, March 31st. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $3.75.

AirSculpt Technologies Stock Down 1.9 %

The company has a market cap of $121.25 million, a P/E ratio of -14.57 and a beta of 1.94. 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 business's 50 day moving average is $2.76 and its 200 day moving average is $4.84.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of AirSculpt Technologies by 227.0% during the third quarter. Barclays PLC now owns 19,100 shares of the company's stock valued at $97,000 after purchasing an additional 13,259 shares during the last quarter. Geode Capital Management LLC grew its stake in AirSculpt Technologies by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 355,540 shares of the company's stock valued at $1,803,000 after buying an additional 21,339 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of AirSculpt Technologies during the fourth quarter valued at approximately $91,000. JPMorgan Chase & Co. lifted its holdings 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 valued at $238,000 after acquiring an additional 39,763 shares during the period. Finally, Tradewinds LLC. acquired a new position in AirSculpt Technologies during the 4th quarter worth about $279,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

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.