AirSculpt Technologies (NASDAQ:AIRS) Research Coverage Started at BTIG Research

BTIG Research assumed coverage on shares of AirSculpt Technologies (NASDAQ:AIRS) in a report issued on Thursday morning, MarketBeat Ratings reports. The firm issued a neutral rating on the stock.

AirSculpt Technologies Price Performance

AIRS opened at $5.93 on Thursday. The stock has a market capitalization of $341.39 million, a P/E ratio of 296.50 and a beta of 1.60. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. AirSculpt Technologies has a 12-month low of $2.92 and a 12-month high of $8.30. The stock has a 50-day moving average price of $4.59 and a 200-day moving average price of $4.60.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The business had revenue of $51.00 million for the quarter, compared to the consensus estimate of $55.50 million. AirSculpt Technologies had a negative net margin of 1.77% and a positive return on equity of 6.42%. Equities analysts predict that AirSculpt Technologies will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AirSculpt Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Riverview Trust Co purchased a new position in AirSculpt Technologies in the 1st quarter worth approximately $26,000. FourWorld Capital Management LLC bought a new stake in AirSculpt Technologies during the 1st quarter valued at $557,000. Vanguard Group Inc. boosted its position in AirSculpt Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock valued at $3,537,000 after buying an additional 5,606 shares during the period. Finally, SW Investment Management LLC grew its holdings in AirSculpt Technologies by 5.0% in the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after acquiring an additional 213,677 shares during the last quarter. Institutional investors 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.