AirSculpt Technologies, Inc. (NASDAQ:AIRS – Get Rating) was the recipient of a significant increase in short interest in December. As of December 30th, there was short interest totalling 1,690,000 shares, an increase of 9.7% from the December 15th total of 1,540,000 shares. Approximately 24.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 318,000 shares, the short-interest ratio is presently 5.3 days.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Raymond James dropped their price target on shares of AirSculpt Technologies from $18.00 to $10.00 and set an "outperform" rating for the company in a research note on Monday, November 14th. Morgan Stanley lowered their target price on shares of AirSculpt Technologies from $7.00 to $6.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 17th. Piper Sandler downgraded shares of AirSculpt Technologies from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $15.00 to $4.00 in a research note on Friday, November 11th. Finally, SVB Leerink lowered their target price on shares of AirSculpt Technologies from $27.00 to $8.00 and set an "outperform" rating for the company in a research note on Monday, November 14th.
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Insider Buying and Selling at AirSculpt Technologies
In other news, CEO Aaron Rollins purchased 150,000 shares of AirSculpt Technologies stock in a transaction on Tuesday, November 15th. The shares were purchased at an average cost of $3.11 per share, for a total transaction of $466,500.00. Following the completion of the transaction, the chief executive officer now directly owns 14,811,956 shares in the company, valued at $46,065,183.16. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other AirSculpt Technologies news, Director Kenneth Higgins purchased 15,000 shares of the company's stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average cost of $3.09 per share, with a total value of $46,350.00. Following the completion of the purchase, the director now directly owns 59,337 shares in the company, valued at approximately $183,351.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Rollins purchased 150,000 shares of the company's stock in a transaction that occurred on Tuesday, November 15th. The shares were acquired at an average cost of $3.11 per share, with a total value of $466,500.00. Following the completion of the purchase, the chief executive officer now owns 14,811,956 shares of the company's stock, valued at $46,065,183.16. The disclosure for this purchase can be found here. Insiders have bought a total of 198,000 shares of company stock worth $611,850 over the last ninety days. Corporate insiders own 77.94% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SNC acquired a new position in AirSculpt Technologies during the third quarter worth $37,000. American International Group Inc. boosted its holdings in AirSculpt Technologies by 77.6% during the second quarter. American International Group Inc. now owns 5,793 shares of the company's stock worth $34,000 after purchasing an additional 2,532 shares during the last quarter. Bank of America Corp DE boosted its holdings in AirSculpt Technologies by 77.6% during the first quarter. Bank of America Corp DE now owns 6,434 shares of the company's stock worth $88,000 after purchasing an additional 2,812 shares during the last quarter. UBS Group AG boosted its holdings in AirSculpt Technologies by 126.2% during the first quarter. UBS Group AG now owns 6,573 shares of the company's stock worth $90,000 after purchasing an additional 3,667 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in AirSculpt Technologies by 114.8% during the second quarter. JPMorgan Chase & Co. now owns 6,618 shares of the company's stock worth $39,000 after purchasing an additional 3,537 shares during the last quarter. Institutional investors and hedge funds own 65.09% of the company's stock.
AirSculpt Technologies Trading Up 2.0 %
AirSculpt Technologies stock opened at $5.02 on Friday. AirSculpt Technologies has a twelve month low of $2.69 and a twelve month high of $15.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.13. The company has a 50 day moving average of $3.67 and a 200-day moving average of $6.13.
AirSculpt Technologies (NASDAQ:AIRS – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The company had revenue of $38.89 million during the quarter, compared to analyst estimates of $44.24 million. AirSculpt Technologies had a negative net margin of 13.06% and a negative return on equity of 24.36%. Equities analysts predict that AirSculpt Technologies will post -0.16 EPS for the current year.
About AirSculpt Technologies
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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.
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