Piper Sandler Issues Pessimistic Forecast for AirSculpt Technologies (NASDAQ:AIRS) Stock Price

AirSculpt Technologies (NASDAQ:AIRS) had its price target cut by Piper Sandler from $7.00 to $6.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Separately, BTIG Research assumed coverage on shares of AirSculpt Technologies in a research report on Thursday, October 17th. They set a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.50.

AirSculpt Technologies Stock Down 0.3 %

Shares of NASDAQ AIRS opened at $6.03 on Monday. AirSculpt Technologies has a 12-month low of $2.92 and a 12-month high of $9.20. The company has a market cap of $349.03 million, a P/E ratio of -43.07 and a beta of 1.71. 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 stock has a fifty day moving average price of $6.39 and a 200 day moving average price of $5.21.

AirSculpt Technologies (NASDAQ:AIRS) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. The firm had revenue of $42.55 million during the quarter, compared to analysts’ expectations of $42.49 million. During the same period in the previous year, the company earned ($0.01) earnings per share. Research analysts anticipate that AirSculpt Technologies will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other AirSculpt Technologies news, CEO Dennis Dean sold 24,510 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $6.54, for a total value of $160,295.40. Following the sale, the chief executive officer now owns 582,052 shares in the company, valued at approximately $3,806,620.08. This trade represents a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 78.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AirSculpt Technologies

Several large investors have recently made changes to their positions in the company. Barclays PLC increased its stake in shares of AirSculpt Technologies by 227.0% during the third quarter. Barclays PLC now owns 19,100 shares of the company’s stock valued at $97,000 after acquiring an additional 13,259 shares during the period. Geode Capital Management LLC increased 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 acquiring an additional 21,339 shares during the period. Finally, SW Investment Management LLC increased its stake in shares of AirSculpt Technologies by 5.0% during the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after acquiring an additional 213,677 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

About AirSculpt Technologies

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.