AirSculpt Technologies (NASDAQ:AIRS) Receives New Coverage from Analysts at BTIG Research

BTIG Research started coverage on shares of AirSculpt Technologies (NASDAQ:AIRS) in a research report released on Thursday, Marketbeat reports. The brokerage issued a neutral rating on the stock.

AirSculpt Technologies Stock Performance

Shares of AIRS stock opened at $5.81 on Thursday. AirSculpt Technologies has a 52 week low of $2.92 and a 52 week high of $8.30. The firm’s 50-day simple moving average is $4.55 and its two-hundred day simple moving average is $4.61. The firm has a market cap of $334.48 million, a price-to-earnings ratio of 290.50 and a beta of 1.60. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 0.86.

AirSculpt Technologies (NASDAQ:AIRS) last posted its earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). AirSculpt Technologies had a positive return on equity of 6.42% and a negative net margin of 1.77%. The firm had revenue of $51.00 million for the quarter, compared to the consensus estimate of $55.50 million. As a group, equities analysts forecast that AirSculpt Technologies will post 0.15 earnings per share for the current year.

Institutional Trading of AirSculpt Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Riverview Trust Co bought a new position in shares of AirSculpt Technologies in the first quarter worth approximately $26,000. FourWorld Capital Management LLC purchased a new stake in shares of AirSculpt Technologies in the 1st quarter valued at $557,000. Vanguard Group Inc. grew its holdings in shares of AirSculpt Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock valued at $3,537,000 after purchasing an additional 5,606 shares during the last quarter. Finally, SW Investment Management LLC boosted its position in AirSculpt Technologies by 5.0% during the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after buying an additional 213,677 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.