AirSculpt Technologies (NASDAQ:AIRS) Stock Gets Price Target Reduction from Lake Street Capital

AirSculpt Technologies (NASDAQ:AIRS) had its price target decreased by stock analysts at Lake Street Capital from $3.00 to $1.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Lake Street Capital‘s price objective would indicate a potential upside of 48.10% from the company’s current price.

A number of other research analysts have also recently issued reports on AIRS. Weiss Ratings reiterated a “sell (d-)” rating on shares of AirSculpt Technologies in a research note on Monday, September 28th. Wall Street Zen lowered AirSculpt Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, AirSculpt Technologies currently has an average rating of “Hold” and a consensus price target of $2.75.

AirSculpt Technologies Price Performance

Shares of AirSculpt Technologies stock traded up $0.14 during mid-day trading on Monday, reaching $0.68. 4,850,772 shares of the stock were exchanged, compared to its average volume of 1,519,191. AirSculpt Technologies has a fifty-two week low of $0.52 and a fifty-two week high of $6.70. The company has a market cap of $48.68 million, a price-to-earnings ratio of -5.19 and a beta of 2.29. The firm has a 50-day simple moving average of $1.87 and a 200 day simple moving average of $3.08. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32.

AirSculpt Technologies (NASDAQ:AIRS) last released its quarterly 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). The firm 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 6.36% and a negative return on equity of 9.63%.

Hedge Funds Weigh In On AirSculpt Technologies

Several large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of AirSculpt Technologies in the 2nd quarter valued at about $5,755,000. Vesey Street Capital Partners L.L.C. bought a new stake in shares of AirSculpt Technologies during the second quarter worth approximately $136,458,810. GSA Capital Partners LLP acquired a new position in AirSculpt Technologies in the second quarter valued at approximately $1,913,000. Flputnam Investment Management Co. acquired a new position in AirSculpt Technologies in the second quarter valued at approximately $3,114,000. Finally, Citizens Financial Group Inc. RI acquired a new position in AirSculpt Technologies in the second quarter valued at approximately $1,321,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.