AirSculpt Technologies (NASDAQ:AIRS) Downgraded by SVB Leerink

SVB Leerink cut shares of AirSculpt Technologies (NASDAQ:AIRS - Free Report) from an outperform rating to a market perform rating in a research report report published on Tuesday, Marketbeat.com reports. The firm currently has $5.00 target price on the stock, down from their previous target price of $8.25.

AirSculpt Technologies Trading Down 2.4 %

NASDAQ AIRS traded down $0.11 during trading hours on Tuesday, hitting $4.56. 50,109 shares of the company's stock were exchanged, compared to its average volume of 73,926. AirSculpt Technologies has a 12-month low of $4.40 and a 12-month high of $9.94. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.79 and a current ratio of 0.79. The business's 50 day moving average is $5.62 and its 200-day moving average is $6.29. The firm has a market capitalization of $262.38 million, a P/E ratio of 228.00 and a beta of 1.79.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.11). The business had revenue of $47.61 million for the quarter, compared to analysts' expectations of $47.83 million. AirSculpt Technologies had a return on equity of 10.14% and a net margin of 0.79%. As a group, analysts anticipate that AirSculpt Technologies will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. SW Investment Management LLC raised its stake in shares of AirSculpt Technologies by 11.7% during the third quarter. SW Investment Management LLC now owns 3,811,166 shares of the company's stock valued at $26,068,000 after purchasing an additional 399,892 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of AirSculpt Technologies by 13.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 40,720 shares of the company's stock worth $279,000 after purchasing an additional 4,675 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of AirSculpt Technologies in the 3rd quarter worth approximately $73,000. Vanguard Group Inc. lifted its stake in AirSculpt Technologies by 1.0% during the first quarter. Vanguard Group Inc. now owns 576,038 shares of the company's stock valued at $3,537,000 after purchasing an additional 5,606 shares during the last quarter. Finally, Riverview Trust Co purchased a new position in AirSculpt Technologies in the first quarter valued at about $26,000. 91.54% of the stock is owned by institutional investors and hedge funds.

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.