AirSculpt Technologies (NASDAQ:AIRS) Trading 6.1% Higher – Should You Buy?

AirSculpt Technologies, Inc. (NASDAQ:AIRS) shares were up 6.1% during mid-day trading on Wednesday . The stock traded as high as $3.07 and last traded at $2.95. Approximately 3,490,876 shares changed hands during mid-day trading, an increase of 180% from the average daily volume of 1,248,034 shares. The stock had previously closed at $2.78.

Analyst Ratings Changes

A number of brokerages recently weighed in on AIRS. Weiss Ratings restated a “sell (d-)” rating on shares of AirSculpt Technologies in a report on Monday, December 29th. Leerink Partners reiterated a “market perform” rating and set a $6.00 price objective on shares of AirSculpt Technologies in a research report on Tuesday, November 11th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $6.00.

AirSculpt Technologies Price Performance

The stock has a market capitalization of $184.20 million, a PE ratio of -9.83 and a beta of 2.66. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average is $2.86 and its 200 day moving average is $5.70.

AirSculpt Technologies (NASDAQ:AIRS) last issued its earnings results on Friday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). AirSculpt Technologies had a negative net margin of 11.41% and a negative return on equity of 14.30%. The company had revenue of $34.99 million for the quarter, compared to analyst estimates of $39.80 million. As a group, equities analysts predict that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. acquired a new stake in shares of AirSculpt Technologies during the 1st quarter valued at about $56,000. Matauro LLC bought a new position in AirSculpt Technologies during the second quarter valued at approximately $557,000. Vanguard Personalized Indexing Management LLC acquired a new stake in AirSculpt Technologies in the second quarter valued at approximately $50,000. Vesey Street Capital Partners L.L.C. grew its position in AirSculpt Technologies by 3.4% in the second quarter. Vesey Street Capital Partners L.L.C. now owns 30,324,180 shares of the company’s stock worth $146,466,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Creative Planning grew its position in AirSculpt Technologies by 32.2% in the second quarter. Creative Planning now owns 13,225 shares of the company’s stock worth $64,000 after acquiring an additional 3,224 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.