AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 11.6 … – MarketBeat
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AirSculpt Technologies, Inc. (NASDAQ:AIRS – Get Rating) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,540,000 shares, an increase of 11.6% from the November 30th total of 1,380,000 shares. Based on an average trading volume of 292,500 shares, the days-to-cover ratio is currently 5.3 days. Approximately 22.4% of the shares of the stock are short sold.
Analyst Ratings Changes
Several research analysts have recently issued reports on the stock. Piper Sandler lowered shares of AirSculpt Technologies from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $4.00 in a research note on Friday, November 11th. Morgan Stanley reduced their price objective on shares of AirSculpt Technologies from $11.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 15th. Raymond James dropped their target price on shares of AirSculpt Technologies from $18.00 to $10.00 and set an “outperform” rating for the company in a research report on Monday, November 14th. Finally, SVB Leerink cut their price target on AirSculpt Technologies from $27.00 to $8.00 and set an “outperform” rating on the stock in a research note on Monday, November 14th.
AirSculpt Technologies Stock Performance
AirSculpt Technologies stock opened at $3.70 on Monday. The company’s 50 day simple moving average is $4.04 and its 200 day simple moving average is $6.32. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.72 and a quick ratio of 0.72. AirSculpt Technologies has a fifty-two week low of $2.69 and a fifty-two week high of $18.48.
AirSculpt Technologies (NASDAQ:AIRS – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). AirSculpt Technologies had a negative return on equity of 24.36% and a negative net margin of 13.06%. The firm had revenue of $38.89 million for the quarter, compared to the consensus estimate of $44.24 million. As a group, equities analysts anticipate that AirSculpt Technologies will post -0.16 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Kenneth Higgins bought 15,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was bought 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 owns 59,337 shares in the company, valued at approximately $183,351.33. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Kenneth Higgins acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were purchased at an average cost of $3.09 per share, for a total transaction of $46,350.00. Following the transaction, the director now owns 59,337 shares of the company’s stock, valued at $183,351.33. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Aaron Rollins bought 150,000 shares of the stock in a transaction dated Tuesday, November 15th. The stock was purchased 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 directly owns 14,811,956 shares in the company, valued at approximately $46,065,183.16. The disclosure for this purchase can be found here. Insiders have purchased a total of 198,000 shares of company stock valued at $611,850 in the last 90 days. 77.94% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIRS. Bank of New York Mellon Corp raised its position in shares of AirSculpt Technologies by 35.2% during the first quarter. Bank of New York Mellon Corp now owns 15,505 shares of the company’s stock worth $212,000 after purchasing an additional 4,036 shares during the period. BlackRock Inc. raised its holdings in AirSculpt Technologies by 101.2% during the 1st quarter. BlackRock Inc. now owns 414,640 shares of the company’s stock worth $5,671,000 after buying an additional 208,523 shares during the period. Vanguard Group Inc. lifted its stake in AirSculpt Technologies by 61.2% in the first quarter. Vanguard Group Inc. now owns 445,334 shares of the company’s stock valued at $6,092,000 after buying an additional 169,060 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of AirSculpt Technologies by 273.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 52,999 shares of the company’s stock valued at $726,000 after buying an additional 38,793 shares during the period. Finally, Northern Trust Corp increased its position in shares of AirSculpt Technologies by 17.1% during the first quarter. Northern Trust Corp now owns 56,427 shares of the company’s stock worth $772,000 after acquiring an additional 8,244 shares in the last quarter. 65.09% of the stock is currently owned by institutional investors.
AirSculpt Technologies Company Profile
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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.
See Also
- Get a free copy of the StockNews.com research report on AirSculpt Technologies (AIRS)
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