AirSculpt Technologies (NASDAQ:AIRS) Posts Earnings Results, Misses Expectations By $0.03 EPS

AirSculpt Technologies (NASDAQ:AIRS) released its quarterly earnings data on Friday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03), FiscalAI reports. AirSculpt Technologies had a negative net margin of 8.79% and a negative return on equity of 15.63%. The company had revenue of $34.99 million during the quarter, compared to analyst estimates of $39.80 million. AirSculpt Technologies updated its FY 2025 guidance to EPS.

AirSculpt Technologies Stock Performance

Shares of AIRS stock traded down $4.37 during mid-day trading on Friday, reaching $6.12. 8,779,779 shares of the company’s stock traded hands, compared to its average volume of 1,099,681. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $382.11 million, a PE ratio of -24.48 and a beta of 2.57. AirSculpt Technologies has a 12 month low of $1.53 and a 12 month high of $12.00. The firm has a 50 day moving average price of $8.23 and a two-hundred day moving average price of $6.04.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AirSculpt Technologies in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, AirSculpt Technologies has an average rating of “Reduce” and a consensus price target of $3.75.

Institutional Investors Weigh In On AirSculpt Technologies

A number of institutional investors have recently bought and sold shares of AIRS. Invesco Ltd. purchased a new position in AirSculpt Technologies in the first quarter worth about $56,000. Creative Planning lifted its position in AirSculpt Technologies by 32.2% in the second quarter. Creative Planning now owns 13,225 shares of the company’s stock worth $64,000 after buying an additional 3,224 shares during the last quarter. WINTON GROUP Ltd purchased a new position in AirSculpt Technologies during the second quarter worth $106,000. Jane Street Group LLC bought a new position in AirSculpt Technologies during the 2nd quarter valued at about $60,000. Finally, Balyasny Asset Management L.P. lifted its stake in shares of AirSculpt Technologies by 128.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company’s stock worth $5,380,000 after acquiring an additional 626,309 shares during the last quarter. 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.