AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) was downgraded by research analysts at Leerink Partnrs from a "strong-buy" rating to a "hold" rating in a report released on Tuesday, Zacks.com reports.
Separately, SVB Leerink downgraded AirSculpt Technologies from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $8.25 to $5.00 in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.00.
Check Out Our Latest Stock Report on AIRS
AirSculpt Technologies Price Performance
Shares of NASDAQ AIRS traded down $0.10 during mid-day trading on Tuesday, hitting $4.46. 34,889 shares of the company's stock traded hands, compared to its average volume of 73,511. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.69 and a quick ratio of 0.79. AirSculpt Technologies has a 1 year low of $4.40 and a 1 year high of $9.94. The company's 50-day moving average is $5.62 and its two-hundred day moving average is $6.29. The company has a market capitalization of $256.76 million, a P/E ratio of 228.00 and a beta of 1.79.
AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.11). AirSculpt Technologies had a return on equity of 10.13% and a net margin of 0.79%. The company had revenue of $47.61 million during the quarter, compared to analysts' expectations of $47.83 million. On average, equities analysts anticipate that AirSculpt Technologies will post 0.18 EPS for the current fiscal year.
Institutional Trading of AirSculpt Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the company. SW Investment Management LLC raised its stake in AirSculpt Technologies by 6.9% in the fourth quarter. SW Investment Management LLC now owns 4,072,846 shares of the company's stock worth $30,506,000 after buying an additional 261,680 shares in the last quarter. Vanguard Group Inc. raised its position in shares of AirSculpt Technologies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 576,038 shares of the company's stock worth $3,537,000 after acquiring an additional 5,606 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of AirSculpt Technologies by 13.0% during 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 AirSculpt Technologies during the third quarter valued at about $73,000. 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 currently owned by institutional investors.
AirSculpt Technologies Company Profile
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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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