Leerink Partners Lowers AirSculpt Technologies (NASDAQ:AIRS) Price Target to $2.50

AirSculpt Technologies (NASDAQ:AIRS) had its price target decreased by equities research analysts at Leerink Partners from $6.50 to $2.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Leerink Partners’ price objective points to a potential upside of 16.82% from the stock’s previous close.

Separately, Piper Sandler lowered their price target on shares of AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.75.

AirSculpt Technologies Stock Down 8.5 %

AIRS opened at $2.14 on Monday. AirSculpt Technologies has a twelve month low of $2.05 and a twelve month high of $9.20. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $4.23 and its two-hundred day moving average price is $5.31. The stock has a market cap of $125.35 million, a price-to-earnings ratio of -15.29 and a beta of 1.69.

AirSculpt Technologies (NASDAQ:AIRS) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.05). AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. The firm had revenue of $39.18 million for the quarter, compared to the consensus estimate of $38.99 million. During the same quarter in the previous year, the company posted $0.01 EPS. As a group, equities analysts expect that AirSculpt Technologies will post -0.01 earnings per share for the current year.

Institutional Trading of AirSculpt Technologies

Several institutional investors and hedge funds have recently made changes to their positions in AIRS. Barclays PLC lifted its stake in AirSculpt Technologies by 9.9% during the fourth quarter. Barclays PLC now owns 20,991 shares of the company’s stock worth $109,000 after purchasing an additional 1,891 shares during the last quarter. Wells Fargo & Company MN lifted its position in AirSculpt Technologies by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 6,195 shares of the company’s stock valued at $32,000 after purchasing an additional 2,112 shares during the last quarter. Geode Capital Management LLC boosted its position in AirSculpt Technologies by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 357,885 shares of the company’s stock valued at $1,858,000 after buying an additional 2,345 shares during the period. Bank of America Corp DE boosted its holdings in shares of AirSculpt Technologies by 14.8% during the fourth quarter. Bank of America Corp DE now owns 22,313 shares of the company’s stock worth $116,000 after purchasing an additional 2,884 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of AirSculpt Technologies by 264.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,395 shares of the company’s stock worth $28,000 after purchasing an additional 3,914 shares during the last quarter. Hedge funds and other 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.