AirSculpt Technologies (NASDAQ:AIRS) Given New $5.00 Price Target at Piper Sandler

AirSculpt Technologies (NASDAQ:AIRS) had its target price decreased by research analysts at Piper Sandler from $6.00 to $5.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price objective would suggest a potential downside of 3.68% from the company’s previous close.

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

AirSculpt Technologies Stock Up 5.3 %

Shares of NASDAQ AIRS traded up $0.26 during mid-day trading on Friday, hitting $5.19. 95,612 shares of the stock traded hands, compared to its average volume of 273,294. The company has a market cap of $300.46 million, a price-to-earnings ratio of -37.18 and a beta of 1.71. The stock has a fifty day moving average price of $6.23 and a 200-day moving average price of $5.26. AirSculpt Technologies has a 52 week low of $2.92 and a 52 week high of $9.20. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51.

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

Insider Buying and Selling

In related news, CEO Dennis Dean sold 7,719 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $7.53, for a total transaction of $58,124.07. Following the completion of the sale, the chief executive officer now owns 628,940 shares of the company’s stock, valued at $4,735,918.20. This trade represents a 1.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 78.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AirSculpt Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of AirSculpt Technologies by 227.0% in the third quarter. Barclays PLC now owns 19,100 shares of the company’s stock worth $97,000 after purchasing an additional 13,259 shares during the last quarter. Geode Capital Management LLC increased its holdings in AirSculpt Technologies by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock worth $1,803,000 after buying an additional 21,339 shares in the last quarter. Finally, SW Investment Management LLC raised its position 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 buying an additional 213,677 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

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.