Flputnam Investment Management Co. Makes New $3.11 Million Investment in AirSculpt Technologies, Inc. $AIRS

Flputnam Investment Management Co. bought a new position in shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 691,989 shares of the company’s stock, valued at approximately $3,114,000.

Several other hedge funds have also modified their holdings of the business. Vesey Street Capital Partners L.L.C. purchased a new stake in shares of AirSculpt Technologies in the second quarter valued at approximately $136,458,810. GSA Capital Partners LLP purchased a new position in AirSculpt Technologies in the second quarter worth $1,913,000. Citizens Financial Group Inc. RI acquired a new stake in AirSculpt Technologies in the second quarter valued at $1,321,000. Royal Bank of Canada lifted its holdings 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 acquiring an additional 7,132 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of AirSculpt Technologies during the 2nd quarter worth $450,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

AirSculpt Technologies Price Performance

Shares of NASDAQ AIRS opened at $2.60 on Monday. The firm’s 50-day moving average is $4.06 and its two-hundred day moving average is $3.58. The company has a market capitalization of $187.45 million, a PE ratio of -14.44 and a beta of 2.33. AirSculpt Technologies, Inc. has a 12-month low of $1.51 and a 12-month high of $12.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.79 and a quick ratio of 0.79.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $42.90 million for the quarter, compared to analysts’ expectations 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.