AirSculpt Technologies (NASDAQ:AIRS) Price Target Cut to $2.50 by Analysts at Leerink Partners

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

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

AirSculpt Technologies Price Performance

NASDAQ AIRS traded down $0.03 during trading hours on Monday, reaching $2.27. The company’s stock had a trading volume of 91,442 shares, compared to its average volume of 139,177. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51. AirSculpt Technologies has a 1-year low of $2.11 and a 1-year high of $9.20. The company’s 50-day moving average is $4.36 and its two-hundred day moving average is $5.34. 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 quarterly earnings data on Friday, March 14th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. The company had revenue of $39.18 million for the quarter, compared to analyst estimates of $38.99 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. On average, equities analysts predict that AirSculpt Technologies will post -0.01 EPS for the current year.

Hedge Funds Weigh In On AirSculpt Technologies

Hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of AirSculpt Technologies in the 4th quarter valued at about $288,000. Tradewinds LLC. acquired a new stake in shares of AirSculpt Technologies in the 4th quarter worth about $279,000. JPMorgan Chase & Co. boosted its position in AirSculpt Technologies by 658.3% during the 4th quarter. JPMorgan Chase & Co. now owns 45,803 shares of the company’s stock worth $238,000 after acquiring an additional 39,763 shares during the period. XTX Topco Ltd bought a new position in shares of AirSculpt Technologies in the fourth quarter valued at approximately $138,000. Finally, Geode Capital Management LLC lifted its holdings in AirSculpt Technologies by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock valued at $1,803,000 after acquiring an additional 21,339 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

About AirSculpt Technologies

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.