AirSculpt Technologies (NASDAQ:AIRS) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

AirSculpt Technologies (NASDAQ:AIRS) announced its earnings results on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03), FiscalAI reports. The firm had revenue of $34.99 million during the quarter, compared to analyst estimates of $39.80 million. AirSculpt Technologies had a negative net margin of 8.79% and a negative return on equity of 15.63%. AirSculpt Technologies updated its FY 2025 guidance to EPS.

AirSculpt Technologies Stock Performance

NASDAQ:AIRS traded down $4.37 during mid-day trading on Friday, reaching $6.12. The stock had a trading volume of 8,779,779 shares, compared to its average volume of 1,099,681. AirSculpt Technologies has a twelve month low of $1.53 and a twelve month high of $12.00. The business has a 50 day simple moving average of $8.23 and a 200 day simple moving average of $6.04. The firm has a market capitalization of $382.11 million, a price-to-earnings ratio of -24.48 and a beta of 2.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.64.

Institutional Trading of AirSculpt Technologies

Institutional investors have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in AirSculpt Technologies by 16.1% during the third quarter. Rhumbline Advisers now owns 20,782 shares of the company’s stock worth $167,000 after acquiring an additional 2,876 shares during the period. Creative Planning grew its stake in shares of AirSculpt Technologies by 32.2% during the 2nd quarter. Creative Planning now owns 13,225 shares of the company’s stock worth $64,000 after purchasing an additional 3,224 shares during the period. Jane Street Group LLC acquired a new position in shares of AirSculpt Technologies during the 2nd quarter worth $60,000. WINTON GROUP Ltd purchased a new position in shares of AirSculpt Technologies in the 2nd quarter valued at about $106,000. Finally, Invesco Ltd. purchased a new position in shares of AirSculpt Technologies in the 1st quarter valued at about $56,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of AirSculpt Technologies in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, AirSculpt Technologies presently has an average rating of “Reduce” and an average target price of $3.75.

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.