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

AirSculpt Technologies (NASDAQ:AIRS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other analysts have also weighed in on AIRS. Leerink Partners set a $4.50 price objective on shares of AirSculpt Technologies in a research note on Thursday, May 14th. Weiss Ratings upgraded shares of AirSculpt Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note 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. According to data from MarketBeat.com, AirSculpt Technologies has a consensus rating of “Reduce” and an average target price of $4.50.

AirSculpt Technologies Price Performance

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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vesey Street Capital Partners L.L.C. bought a new stake in AirSculpt Technologies in the 2nd quarter worth about $136,458,810,000. BlackRock Inc. bought a new position in AirSculpt Technologies during the 2nd quarter valued at about $5,755,000. Balyasny Asset Management L.P. boosted its holdings in shares of AirSculpt Technologies by 128.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company’s stock valued at $5,380,000 after acquiring an additional 626,309 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of AirSculpt Technologies during the 4th quarter valued at about $1,991,000. Finally, Vanguard Group Inc. grew its stake in shares of AirSculpt Technologies by 10.8% in the third quarter. Vanguard Group Inc. now owns 782,543 shares of the company’s stock worth $6,276,000 after acquiring an additional 76,291 shares during the period. 91.54% of the stock is owned by institutional investors.

About AirSculpt Technologies

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.