Citizens Financial Group Inc. RI Takes $1.32 Million Position in AirSculpt Technologies, Inc. $AIRS

Citizens Financial Group Inc. RI purchased a new position in shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 293,458 shares of the company’s stock, valued at approximately $1,321,000.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in AirSculpt Technologies by 259.6% in the first quarter. Royal Bank of Canada now owns 9,879 shares of the company’s stock valued at $28,000 after buying an additional 7,132 shares in the last quarter. Virtu Financial LLC acquired a new position in AirSculpt Technologies during the fourth quarter worth about $30,000. Millennium Management LLC bought a new position in shares of AirSculpt Technologies in the fourth quarter worth about $33,000. Aigen Investment Management LP bought a new position in shares of AirSculpt Technologies in the fourth quarter worth about $36,000. Finally, Wells Fargo & Company MN boosted its stake in shares of AirSculpt Technologies by 49.9% in the 4th quarter. Wells Fargo & Company MN now owns 19,275 shares of the company’s stock valued at $38,000 after purchasing an additional 6,420 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AIRS shares. Leerink Partners set a $4.50 price objective on shares of AirSculpt Technologies in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of AirSculpt Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded AirSculpt Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $4.50.

AirSculpt Technologies Price Performance

AirSculpt Technologies stock opened at $2.69 on Wednesday. The stock’s 50 day moving average is $4.44 and its 200 day moving average is $3.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $193.95 million, a P/E ratio of -14.94 and a beta of 2.33. AirSculpt Technologies, Inc. has a one year low of $1.51 and a one year high of $12.00.

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

About AirSculpt Technologies

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.