Vesey Street Capital Partners L.L.C. Acquires Shares of 30,324,180 AirSculpt Technologies, Inc. $AIRS

Vesey Street Capital Partners L.L.C. acquired a new stake in shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,324,180 shares of the company’s stock, valued at approximately $136,458,810,000. AirSculpt Technologies comprises 100.0% of Vesey Street Capital Partners L.L.C.’s holdings, making the stock its largest holding. Vesey Street Capital Partners L.L.C. owned 42.06% of AirSculpt Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Ieq Capital LLC bought a new position in shares of AirSculpt Technologies during the second quarter worth $314,000. Citizens Financial Group Inc. RI purchased a new position in AirSculpt Technologies during the second quarter valued at $1,321,000. BlackRock Inc. bought a new stake in AirSculpt Technologies in the 2nd quarter valued at $5,755,000. Flputnam Investment Management Co. bought a new stake in AirSculpt Technologies in the 2nd quarter valued at $3,114,000. Finally, Bank of New York Mellon Corp purchased a new stake in AirSculpt Technologies in the 2nd quarter worth $117,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

AirSculpt Technologies Trading Up 2.6%

Shares of AIRS opened at $2.74 on Friday. The stock has a market capitalization of $197.55 million, a PE ratio of -15.22 and a beta of 2.33. The company’s fifty day moving average is $4.29 and its 200 day moving average is $3.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. AirSculpt Technologies, Inc. has a fifty-two week low of $1.51 and a fifty-two week high of $12.00.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AIRS shares. Wall Street Zen lowered AirSculpt Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded AirSculpt Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. Finally, Leerink Partners set a $4.50 price target on AirSculpt Technologies in a research note on Thursday, May 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AirSculpt Technologies presently has a consensus rating of “Reduce” and an average target price of $4.50.

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.