AirSculpt Technologies (NASDAQ:AIRS) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of AirSculpt Technologies (NASDAQ:AIRS) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $6.00.

AirSculpt Technologies Stock Down 11.7%

NASDAQ AIRS opened at $2.87 on Friday. AirSculpt Technologies has a 12 month low of $1.51 and a 12 month high of $12.00. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. The stock has a market cap of $179.20 million, a PE ratio of -9.57 and a beta of 2.75. The stock’s 50 day moving average is $2.33 and its 200 day moving average is $4.46.

Insider Activity

In other news, major shareholder Jorey Chernett bought 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average cost of $2.91 per share, for a total transaction of $145,500.00. Following the completion of the transaction, the insider owned 6,843,761 shares of the company’s stock, valued at approximately $19,915,344.51. This represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 600,150 shares of company stock valued at $1,404,424 over the last quarter. Insiders own 76.58% of the company’s stock.

Institutional Trading of AirSculpt Technologies

A number of large investors have recently added to or reduced their stakes in AIRS. Balyasny Asset Management L.P. increased its position in shares of AirSculpt Technologies by 128.5% during the 2nd 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 during the last quarter. Renaissance Technologies LLC bought a new stake in AirSculpt Technologies in 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 during the period. Geode Capital Management LLC boosted its stake in AirSculpt Technologies by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 403,163 shares of the company’s stock worth $798,000 after buying an additional 17,889 shares during the period. Finally, FourWorld Capital Management LLC increased its position in AirSculpt Technologies by 50.0% during the second quarter. FourWorld Capital Management LLC now owns 382,886 shares of the company’s stock valued at $1,849,000 after acquiring an additional 127,676 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

About AirSculpt Technologies

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.