AirSculpt Technologies (NASDAQ:AIRS) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded AirSculpt Technologies from “buy” to “hold.” MarketBeat’s analyst consensus is “Reduce,” with a consensus price target of $4.50.
• AirSculpt shares opened at $3.43, while the stock’s 12-month range is $1.51 to $12.00. The company recently missed quarterly expectations, reporting $0.01 in EPS versus $0.02 expected and revenue of $42.9 million versus $44.14 million expected.
• Institutional investors and hedge funds own 91.54% of AirSculpt’s shares, with several firms establishing new positions during the second quarter.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other research firms have also recently issued reports on AIRS. Leerink Partners set a $4.50 price objective on AirSculpt Technologies in a research report on Thursday, May 14th. Weiss Ratings raised AirSculpt Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $4.50.

AirSculpt Technologies Stock Up 1.5%

AIRS stock opened at $3.43 on Friday. AirSculpt Technologies has a twelve month low of $1.51 and a twelve month high of $12.00. The company has a market cap of $247.30 million, a PE ratio of -19.05 and a beta of 2.33. The business's 50-day simple moving average is $4.53 and its 200 day simple moving average is $3.57. The company has a quick ratio of 0.75, a current ratio of 0.79 and a debt-to-equity ratio of 0.32.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $42.90 million for the quarter, compared to the consensus estimate of $44.14 million. AirSculpt Technologies had a negative net margin of 7.79% and a negative return on equity of 5.83%.

Hedge Funds Weigh In On AirSculpt Technologies

Hedge funds have recently modified their holdings of the stock. Vesey Street Capital Partners L.L.C. acquired a new position in AirSculpt Technologies during the second quarter worth $136,458,810,000. Ieq Capital LLC bought a new position in shares of AirSculpt Technologies during the second quarter valued at $314,000. Citizens Financial Group Inc. RI acquired a new stake in shares of AirSculpt Technologies in the 2nd quarter valued at $1,321,000. Flputnam Investment Management Co. acquired a new stake in shares of AirSculpt Technologies in the 2nd quarter valued at $3,114,000. Finally, State of Wyoming bought a new stake in shares of AirSculpt Technologies in the 2nd quarter worth about $216,000. 91.54% of the stock is owned by institutional investors and hedge funds.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc NASDAQ: AIRS is a medical technology company specializing in minimally invasive body contouring. The company’s flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.

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