BTIG Research Initiates Coverage on AirSculpt Technologies (NASDAQ:AIRS)

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

AirSculpt Technologies Price Performance

AIRS stock opened at $5.93 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50 day moving average price of $4.59 and a 200-day moving average price of $4.60. AirSculpt Technologies has a 52-week low of $2.92 and a 52-week high of $8.30. The firm has a market capitalization of $341.39 million, a price-to-earnings ratio of 296.50 and a beta of 1.60.

AirSculpt Technologies (NASDAQ:AIRS) last released its 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 company had revenue of $51.00 million during the quarter, compared to analysts’ expectations of $55.50 million. AirSculpt Technologies had a positive return on equity of 6.42% and a negative net margin of 1.77%. Equities research analysts forecast that AirSculpt Technologies will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On AirSculpt Technologies

Hedge funds have recently bought and sold shares of the business. SW Investment Management LLC grew its stake in shares of AirSculpt Technologies by 5.0% in the second 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 period. FourWorld Capital Management LLC purchased a new stake in AirSculpt Technologies in the first quarter worth approximately $557,000. Vanguard Group Inc. grew its position in AirSculpt Technologies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock worth $3,537,000 after purchasing an additional 5,606 shares during the period. Finally, Riverview Trust Co purchased a new stake in AirSculpt Technologies during the 1st quarter valued at $26,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.