AirSculpt Technologies (NASDAQ:AIRS) Research Coverage Started at Lake Street Capital

Lake Street Capital assumed coverage on shares of AirSculpt Technologies (NASDAQ:AIRS) in a research note released on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $3.00 price target on the stock.

A number of other research firms also recently commented on AIRS. Weiss Ratings reiterated a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Monday, September 28th. Wall Street Zen cut shares of AirSculpt Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AirSculpt Technologies has an average rating of “Hold” and a consensus price target of $3.75.

AirSculpt Technologies Trading Up 3.6%

NASDAQ AIRS opened at $1.73 on Thursday. The stock has a market cap of $124.73 million, a P/E ratio of -9.61 and a beta of 2.29. The stock has a 50 day simple moving average of $2.00 and a two-hundred day simple moving average of $3.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.79 and a current ratio of 0.79. AirSculpt Technologies has a fifty-two week low of $1.15 and a fifty-two week high of $11.17.

AirSculpt Technologies (NASDAQ:AIRS) last posted its earnings results on Monday, August 10th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). AirSculpt Technologies had a negative return on equity of 5.83% and a negative net margin of 7.79%. The firm had revenue of $42.90 million during the quarter, compared to analysts’ expectations of $44.14 million.

Institutional Investors Weigh In On AirSculpt Technologies

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in AirSculpt Technologies during the 2nd quarter valued at $5,755,000. Vesey Street Capital Partners L.L.C. purchased a new position in AirSculpt Technologies during the second quarter worth $136,458,810. GSA Capital Partners LLP purchased a new position in AirSculpt Technologies during the second quarter worth $1,913,000. Flputnam Investment Management Co. purchased a new position in AirSculpt Technologies during the second quarter worth $3,114,000. Finally, Citizens Financial Group Inc. RI bought a new position in AirSculpt Technologies during the second quarter valued at $1,321,000. 91.54% of the stock is owned by institutional investors.

AirSculpt Technologies Company Profile

AirSculpt Technologies, Inc operates a medical aesthetics business focused on body-contouring and cosmetic procedures. Through its AirSculpt brand, the company provides minimally invasive liposuction and fat-transfer treatments designed to remove unwanted fat and reshape areas of the body.

Its services also include procedures such as skin tightening and other elective aesthetic treatments, with offerings varying by location and patient needs. AirSculpt markets its procedures directly to consumers and provides consultations, treatment planning and follow-up care through its network of company-operated centers.

The company was founded in 2015 by plastic surgeon Dr.