AirSculpt Technologies (NASDAQ:AIRS) Shares Down 0.4% - Should You Sell?

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) was down 0.4% during trading on Tuesday . The stock traded as low as $5.32 and last traded at $5.37. Approximately 259,808 shares traded hands during trading, a decline of 7% from the average daily volume of 280,748 shares. The stock had previously closed at $5.39.

Analysts Set New Price Targets

Separately, Leerink Partners cut their target price on shares of AirSculpt Technologies from $6.50 to $2.50 and set a "market perform" rating for the company in a research report on Monday, March 31st.

AirSculpt Technologies Price Performance

The firm has a market cap of $315.65 million, a P/E ratio of -17.90 and a beta of 2.46. The business's fifty day simple moving average is $4.28 and its 200-day simple moving average is $4.08. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.90.

Hedge Funds Weigh In On AirSculpt Technologies

Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in AirSculpt Technologies by 264.3% in the 4th 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 during the period. Wells Fargo & Company MN lifted its holdings in shares of AirSculpt Technologies by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 6,195 shares of the company's stock worth $32,000 after buying an additional 2,112 shares in the last quarter. American Century Companies Inc. bought a new position in shares of AirSculpt Technologies in the first quarter valued at approximately $32,000. Invesco Ltd. purchased a new position in AirSculpt Technologies during the first quarter valued at approximately $56,000. Finally, Virtu Financial LLC bought a new stake in AirSculpt Technologies during the 4th quarter worth approximately $91,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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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