AirSculpt Technologies (NASDAQ:AIRS) Given New $6.00 Price Target at Piper Sandler

AirSculpt Technologies (NASDAQ:AIRS - Free Report) had its price objective trimmed by Piper Sandler from $7.00 to $6.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Separately, BTIG Research initiated coverage on shares of AirSculpt Technologies in a research report on Thursday, October 17th. They issued a "neutral" rating for the company. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, AirSculpt Technologies presently has a consensus rating of "Hold" and a consensus target price of $5.50.

AirSculpt Technologies Stock Up 2.2 %

NASDAQ:AIRS traded up $0.13 during mid-day trading on Monday, reaching $5.98. The company's stock had a trading volume of 341,707 shares, compared to its average volume of 307,436. 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 fifty day moving average of $6.39 and a 200-day moving average of $5.19. AirSculpt Technologies has a 1 year low of $2.92 and a 1 year high of $9.20. The firm has a market capitalization of $346.13 million, a PE ratio of -42.71 and a beta of 1.71.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The company had revenue of $42.55 million during the quarter, compared to analysts' expectations of $42.49 million. AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. During the same quarter last year, the firm earned ($0.01) EPS. Equities research analysts forecast that AirSculpt Technologies will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other AirSculpt Technologies news, CEO Dennis Dean sold 24,510 shares of AirSculpt Technologies stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $6.54, for a total transaction of $160,295.40. Following the completion of the sale, the chief executive officer now directly owns 582,052 shares in the company, valued at approximately $3,806,620.08. The trade was a 4.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 78.77% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AirSculpt Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of 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 purchasing an additional 13,259 shares during the period. Geode Capital Management LLC raised its position 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 worth $1,803,000 after acquiring an additional 21,339 shares during the period. Finally, SW Investment Management LLC boosted its stake in shares of AirSculpt Technologies by 5.0% during the 2nd 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. Institutional investors and hedge funds 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.