Leerink Partners Issues Pessimistic Forecast for AirSculpt Technologies (NASDAQ:AIRS) Stock Price

AirSculpt Technologies (NASDAQ:AIRS) had its price objective cut by stock analysts at Leerink Partners from $6.50 to $2.50 in a research report issued on Monday,Benzinga reports. The firm currently has a “market perform” rating on the stock. Leerink Partners’ price objective would suggest a potential upside of 10.38% from the company’s current price.

Separately, Piper Sandler reduced their target price on AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, AirSculpt Technologies presently has a consensus rating of “Hold” and an average price target of $3.75.

AirSculpt Technologies Stock Performance

Shares of NASDAQ:AIRS traded down $0.03 on Monday, hitting $2.27. 91,442 shares of the company were exchanged, compared to its average volume of 139,177. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51. The company’s 50 day moving average price is $4.36 and its two-hundred day moving average price is $5.34. AirSculpt Technologies has a one year low of $2.11 and a one year high of $9.20. The firm has a market capitalization of $132.67 million, a price-to-earnings ratio of -16.18 and a beta of 1.69.

AirSculpt Technologies (NASDAQ:AIRS) last posted its earnings results on Friday, March 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The firm had revenue of $39.18 million during the quarter, compared to the consensus estimate of $38.99 million. AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. During the same quarter last year, the firm posted $0.01 EPS. Research analysts expect that AirSculpt Technologies will post -0.01 earnings per share for the current year.

Institutional Trading of AirSculpt Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of AirSculpt Technologies by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 357,885 shares of the company’s stock valued at $1,858,000 after buying an additional 2,345 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of AirSculpt Technologies during the 4th quarter worth about $288,000. Tradewinds LLC. bought a new stake in shares of AirSculpt Technologies in the 4th quarter valued at about $279,000. JPMorgan Chase & Co. lifted its position in shares of AirSculpt Technologies by 658.3% in the fourth quarter. JPMorgan Chase & Co. now owns 45,803 shares of the company’s stock valued at $238,000 after buying an additional 39,763 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of AirSculpt Technologies during the 4th quarter worth approximately $138,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.