Wall Street Zen Downgrades AirSculpt Technologies (NASDAQ:AIRS) to Sell

AirSculpt Technologies (NASDAQ:AIRS) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AirSculpt Technologies in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $6.00.

AirSculpt Technologies Price Performance

AIRS stock opened at $2.87 on Friday. The stock has a market cap of $179.20 million, a PE ratio of -9.57 and a beta of 2.75. AirSculpt Technologies has a 12 month low of $1.51 and a 12 month high of $12.00. The company has a 50-day moving average price of $2.33 and a 200 day moving average price of $4.47. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63.

Insider Buying and Selling at AirSculpt Technologies

In other AirSculpt Technologies news, major shareholder Jorey Chernett bought 50,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was acquired at an average cost of $2.91 per share, for a total transaction of $145,500.00. Following the completion of the transaction, the insider owned 6,843,761 shares in the company, valued at $19,915,344.51. This trade represents a 0.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 600,150 shares of company stock worth $1,404,424 in the last ninety days. 76.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new position in AirSculpt Technologies in the 4th quarter worth about $1,991,000. Balyasny Asset Management L.P. boosted its position in AirSculpt Technologies by 128.5% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company’s stock valued at $5,380,000 after buying an additional 626,309 shares during the period. Saba Capital Management L.P. purchased a new stake in AirSculpt Technologies in the 4th quarter valued at about $620,000. Marshall Wace LLP bought a new position in AirSculpt Technologies in the 4th quarter worth about $495,000. Finally, Massar Capital Management LP increased its position in shares of AirSculpt Technologies by 686.3% during the second quarter. Massar Capital Management LP now owns 220,150 shares of the company’s stock worth $1,063,000 after acquiring an additional 192,150 shares during the period. 91.54% of the stock is currently owned by institutional investors.

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.