AirSculpt Technologies (NASDAQ:AIRS) Receives "Sell (E+)" Rating from Weiss Ratings

Key Points

• AirSculpt Technologies received a "sell (E+)" rating from Weiss Ratings, indicating analysts' lack of confidence in the stock's performance.
• The company's stock price experienced a slight increase of 0.6%, reaching $9.76, while it has a market cap of $609.41 million and a debt-to-equity ratio of 0.58.
• Recent institutional interest has surged, with over 91.54% of the company's stock now owned by hedge funds and investors, including noteworthy acquisitions by Massar Capital Management LP.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report)'s stock had its "sell (e+)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

AirSculpt Technologies Stock Up 0.6%

AirSculpt Technologies stock traded up $0.06 during trading hours on Tuesday, reaching $9.76. The stock had a trading volume of 286,855 shares, compared to its average volume of 540,321. The company has a market cap of $609.41 million, a price-to-earnings ratio of -39.12 and a beta of 2.53. The business's 50 day moving average price is $6.82 and its 200-day moving average price is $4.97. AirSculpt Technologies has a 52 week low of $1.53 and a 52 week high of $9.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.64 and a quick ratio of 0.64.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last posted its earnings results on Tuesday, July 11th. The company reported $0.14 EPS for the quarter. AirSculpt Technologies had a negative net margin of 8.79% and a negative return on equity of 15.63%. The company had revenue of $39.54 million during the quarter. Sell-side analysts anticipate that AirSculpt Technologies will post -0.01 EPS for the current year.

Institutional Investors Weigh In On AirSculpt Technologies

A number of large investors have recently bought and sold shares of the company. GatePass Capital LLC purchased a new position in AirSculpt Technologies during the 2nd quarter worth approximately $145,000. Manatuck Hill Partners LLC acquired a new stake in shares of AirSculpt Technologies in the second quarter worth $483,000. Massar Capital Management LP increased its stake in shares of AirSculpt Technologies by 686.3% in the second quarter. Massar Capital Management LP now owns 220,150 shares of the company's stock worth $1,063,000 after acquiring an additional 192,150 shares during the period. FourWorld Capital Management LLC raised its holdings in shares of AirSculpt Technologies by 50.0% during the second quarter. FourWorld Capital Management LLC now owns 382,886 shares of the company's stock worth $1,849,000 after purchasing an additional 127,676 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in AirSculpt Technologies by 117.8% during the second quarter. Bridgeway Capital Management LLC now owns 68,400 shares of the company's stock valued at $330,000 after purchasing an additional 37,000 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

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.

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