AirSculpt Technologies Inc. (NASDAQ:AIRS) shares traded 5.78% higher at $5.31 on Wall Street last session.
In accordance with the data, 5 analysts cover AirSculpt Technologies Inc. (NASDAQ:AIRS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $4.00, we find $7.00. Given the previous closing price of $5.02, this indicates a potential upside of 39.44 percent. AIRS stock price is now 43.15% away from the 50-day moving average and -23.37% away from the 200-day moving average. The market capitalization of the company currently stands at $292.37M.
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It has been rated a hold by 2 analysts and a buy by 2. Brokers who have rated the stock have averaged $7.00 as their price target over the next twelve months.
With the price target maintained at $4, Piper Sandler recently Downgraded its rating from Overweight to Neutral for AirSculpt Technologies Inc. (NASDAQ: AIRS). On June 16, 2022, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock reducing its target price from $17 to quote $8.50, while ‘SVB Leerink’ rates the stock as ‘Outperform’.
In other news, Aaron Thomas J, Director bought 18,000 shares of the company’s stock on Nov 16. The stock was bought for $63,000 at an average price of $3.50. Upon completion of the transaction, the Director now directly owns 50,337 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Director Higgins Kenneth bought 15,000 shares of the business’s stock. A total of $46,350 was incurred on buying the stock at an average price of $3.09. This leaves the insider owning 59,337 shares of the company worth $0.32 million. Insiders disposed of 255,433 shares of company stock worth roughly $1.36 million over the past 1 year. A total of 29.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AIRS stock. A new stake in AirSculpt Technologies Inc. shares was purchased by PARIAN GLOBAL MANAGEMENT LP during the first quarter worth $876,000. ALPHACENTRIC ADVISORS LLC invested $568,000 in shares of AIRS during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in AirSculpt Technologies Inc. valued at approximately $273,000. RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC. acquired a new stake in AIRS for approximately $104,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in AIRS valued at around $71,000 in the second quarter. In total, there are 99 active investors with 65.20% ownership of the company’s stock.
AirSculpt Technologies Inc. (NASDAQ: AIRS) opened at $4.96 on Monday. During the past 12 months, AirSculpt Technologies Inc. has had a low of $2.69 and a high of $14.80. As of last week, the company has a debt-to-equity ratio of 1.14, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for AIRS is $3.71 and a two-hundred day moving average price translates $7.11 for the stock.
The latest earnings results from AirSculpt Technologies Inc. (NASDAQ: AIRS) was released for Jun, 2022. The net profit margin was -13.10% and return on equity was -25.20% for AIRS. The company reported revenue of $38.89 million for the quarter, compared to $34.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.24 percent. For the current quarter, analysts expect AIRS to generate $43.51M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/14/2022. Investors who held shares on 08/26/2022 were paid a $0.41 dividend.
AirSculpt Technologies Inc.(AIRS) 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. It offers custom body contouring using its AirSculpt procedure that removes unwanted fat in a minimally invasive procedure. The company provides fat removal procedures across treatment areas; and fat transfer procedures that use the patient’s own fat cells to enhance the breasts, buttocks, hips, or other areas. Its body contouring procedures also include the Power BBL, a Brazilian butt lift procedure; the Up a Cup, a breast enhancement procedure; and the Hip Flip, an hourglass contouring procedure. As of March 10, 2022, it operated 19 centers across 15 states. AirSculpt Technologies, Inc. was founded in 2012 and is headquartered in Miami Beach, Florida.
