AirSculpt Technologies (NASDAQ:AIRS) Shares Up 2.4% - Still a Buy?

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler reduced their target price on AirSculpt Technologies from $6.00 to $5.00 and set a "neutral" rating for the company 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 research analysts have rated the stock with a hold rating, According to MarketBeat, AirSculpt Technologies presently has a consensus rating of "Hold" and an average target price of $3.75.

AirSculpt Technologies Stock Up 6.2 %

The firm has a market cap of $131.21 million, a price-to-earnings ratio of -16.00 and a beta of 1.94. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average price of $2.69 and a 200-day moving average price of $4.82.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last released its quarterly 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). The firm had revenue of $39.18 million for the quarter, compared to analyst estimates of $38.99 million. AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. During the same period last year, the firm earned $0.01 EPS. On average, equities analysts forecast that AirSculpt Technologies, Inc. will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of AirSculpt Technologies in the fourth quarter valued at approximately $288,000. Tradewinds LLC. purchased a new position in shares of AirSculpt Technologies during the fourth quarter valued at approximately $279,000. JPMorgan Chase & Co. lifted its stake 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 buying an additional 39,763 shares during the period. XTX Topco Ltd purchased a new position in shares of AirSculpt Technologies during the fourth quarter valued at approximately $138,000. Finally, Geode Capital Management LLC lifted its stake in shares of AirSculpt Technologies by 6.4% during the third 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 period. 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.