Piper Sandler Cuts AirSculpt Technologies (NASDAQ:AIRS) Price Target to $5.00

AirSculpt Technologies (NASDAQ:AIRS) had its price objective trimmed by Piper Sandler from $6.00 to $5.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, BTIG Research started coverage on AirSculpt Technologies in a report on Thursday, October 17th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.00.

AirSculpt Technologies Trading Up 8.1 %

Shares of AIRS opened at $5.33 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. AirSculpt Technologies has a 12-month low of $2.92 and a 12-month high of $9.20. The firm has a market capitalization of $308.50 million, a PE ratio of -38.07 and a beta of 1.71. The stock’s fifty day simple moving average is $6.16 and its 200-day simple moving average is $5.29.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings results on Friday, November 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $42.49 million. During the same period last year, the company earned ($0.01) EPS. As a group, research analysts predict that AirSculpt Technologies will post 0.01 earnings per share for the current year.

Insiders Place Their Bets

In other AirSculpt Technologies news, CEO Dennis Dean sold 24,510 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $6.54, for a total value of $160,295.40. Following the completion of the sale, the chief executive officer now directly owns 582,052 shares in the company, valued at $3,806,620.08. This represents a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 78.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Barclays PLC boosted its position in 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 purchasing an additional 13,259 shares during the last quarter. Geode Capital Management LLC boosted its position in 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 purchasing an additional 21,339 shares during the last quarter. Finally, SW Investment Management LLC boosted its position in 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 purchasing an additional 213,677 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

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.