AirSculpt Technologies (NASDAQ:AIRS) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of AirSculpt Technologies (NASDAQ:AIRS) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other research firms also recently commented on AIRS. Weiss Ratings raised AirSculpt Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. Leerink Partners set a $4.50 price target on AirSculpt Technologies in a report on Thursday, May 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $4.50.

AirSculpt Technologies Stock Performance

Shares of AirSculpt Technologies stock opened at $3.43 on Friday. The firm has a market cap of $247.30 million, a PE ratio of -19.05 and a beta of 2.33. The firm’s 50-day simple moving average is $4.53 and its 200-day simple moving average is $3.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.75 and a current ratio of 0.79. AirSculpt Technologies has a 1 year low of $1.51 and a 1 year high of $12.00.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $42.90 million for the quarter, compared to the consensus estimate of $44.14 million. AirSculpt Technologies had a negative return on equity of 5.83% and a negative net margin of 7.79%.

Institutional Trading of AirSculpt Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vesey Street Capital Partners L.L.C. bought a new stake in shares of AirSculpt Technologies in the 2nd quarter worth approximately $136,458,810,000. BlackRock Inc. acquired a new stake in AirSculpt Technologies in the second quarter worth $5,755,000. Renaissance Technologies LLC acquired a new stake in AirSculpt Technologies in the fourth quarter worth $1,991,000. Flputnam Investment Management Co. bought a new stake in AirSculpt Technologies in the second quarter valued at $3,114,000. Finally, Balyasny Asset Management L.P. lifted its stake in AirSculpt Technologies by 128.5% in the second quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company’s stock valued at $5,380,000 after buying an additional 626,309 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc (NASDAQ: AIRS) is a medical technology company specializing in minimally invasive body contouring. The company’s flagship AirSculpt® platform combines pneumatic power with precision microcannulas to deliver fat removal, transfer and sculpting procedures. AirSculpt Technologies partners with both company-owned and franchised cosmetic surgery practices to offer a streamlined, office-based alternative to traditional liposuction.

Through its proprietary system, AirSculpt Technologies provides both consumers and medical professionals with an integrated solution that emphasizes reduced downtime, smaller incision sites, and more predictable outcomes.