AirSculpt Technologies, Inc. (NASDAQ:AIRS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 58.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,476 shares of the company’s stock after selling 35,366 shares during the quarter. Bank of New York Mellon Corp’s holdings in AirSculpt Technologies were worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Barclays PLC boosted its position in AirSculpt Technologies by 227.0% during the 3rd quarter. Barclays PLC now owns 19,100 shares of the company’s stock worth $97,000 after acquiring an additional 13,259 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

AirSculpt Technologies Trading Down 8.0 %

AirSculpt Technologies stock opened at $2.29 on Friday. AirSculpt Technologies, Inc. has a 12-month low of $2.24 and a 12-month high of $9.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $134.14 million, a PE ratio of -16.36 and a beta of 1.69. The firm has a 50 day simple moving average of $4.36 and a 200-day simple moving average of $5.32.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings results on Friday, March 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) 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 $39.18 million for the quarter, compared to the consensus estimate of $38.99 million. During the same period in the previous year, the business posted $0.01 earnings per share. As a group, equities research analysts expect that AirSculpt Technologies, Inc. will post -0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their price objective on shares of AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.00.

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.