AirSculpt Technologies (NASDAQ:AIRS) Shares Down 3.2% - Here's What Happened

Key Points

• AirSculpt Technologies shares fell by 3.2%, trading at $6.45 after closing at $6.66, with a significant drop in trading volume of 41% compared to average daily volume.
• The company's quarterly earnings report showed earnings of $0.02 per share, meeting expectations, but revenue of $44.01 million fell short of analyst estimates of $45.59 million.
• Approximately 91.54% of AirSculpt Technologies' stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) was down 3.2% on Monday . The stock traded as low as $6.29 and last traded at $6.45. Approximately 434,367 shares traded hands during trading, a decline of 41% from the average daily volume of 733,809 shares. The stock had previously closed at $6.66.

AirSculpt Technologies Stock Down 3.2%

The firm's fifty day moving average price is $5.89 and its two-hundred day moving average price is $4.27. The stock has a market cap of $402.74 million, a price-to-earnings ratio of -25.80 and a beta of 2.50. 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 announced its quarterly earnings data on Friday, August 1st. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. AirSculpt Technologies had a negative net margin of 8.79% and a negative return on equity of 15.63%. The firm had revenue of $44.01 million for the quarter, compared to analyst estimates of $45.59 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. AirSculpt Technologies has set its FY 2025 guidance at EPS. Sell-side analysts forecast that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AirSculpt Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in AIRS. Tower Research Capital LLC TRC raised its holdings in shares of 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 acquiring an additional 3,914 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of AirSculpt Technologies in the 1st quarter worth about $32,000. Wells Fargo & Company MN raised its holdings in shares of AirSculpt Technologies by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 6,195 shares of the company's stock worth $32,000 after acquiring an additional 2,112 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of AirSculpt Technologies in the 2nd quarter worth about $50,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of AirSculpt Technologies in the 2nd quarter worth about $51,000. Institutional investors and hedge funds 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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