AirSculpt Technologies (NASDAQ:AIRS) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

AirSculpt Technologies (NASDAQ:AIRS) released its earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01), FiscalAI reports. The business had revenue of $42.90 million during the quarter, compared to analyst estimates of $44.14 million. AirSculpt Technologies had a negative net margin of 7.39% and a negative return on equity of 4.98%.

AirSculpt Technologies Stock Performance

Shares of AIRS opened at $5.01 on Monday. The stock’s 50-day moving average price is $4.74 and its 200 day moving average price is $3.56. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $353.46 million, a price-to-earnings ratio of -29.47 and a beta of 2.33. AirSculpt Technologies has a 12-month low of $1.51 and a 12-month high of $12.00.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Leerink Partners set a $4.50 price target on AirSculpt Technologies in a report on Thursday, May 14th. Weiss Ratings raised shares of AirSculpt Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of AirSculpt Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $4.50.

Institutional Trading of AirSculpt Technologies

Several institutional investors have recently modified their holdings of AIRS. Balyasny Asset Management L.P. raised its stake in shares of AirSculpt Technologies by 128.5% in the second quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company’s stock valued at $5,380,000 after purchasing an additional 626,309 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in AirSculpt Technologies during the fourth quarter worth $1,991,000. Vanguard Group Inc. boosted its stake in AirSculpt Technologies by 10.8% during the third quarter. Vanguard Group Inc. now owns 782,543 shares of the company’s stock worth $6,276,000 after buying an additional 76,291 shares in the last quarter. Geode Capital Management LLC increased its holdings in AirSculpt Technologies by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 403,163 shares of the company’s stock valued at $798,000 after buying an additional 17,889 shares during the period. Finally, Saba Capital Management L.P. bought a new stake in AirSculpt Technologies in the 4th quarter valued at $620,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

AirSculpt Technologies Company Profile

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.