AirSculpt Technologies, Inc. (NASDAQ:AIRS) Short Interest Up 18.0% in January

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 2,690,000 shares, a growth of 18.0% from the December 31st total of 2,280,000 shares. Currently, 21.6% of the company’s stock are short sold. Based on an average daily trading volume, of 217,100 shares, the days-to-cover ratio is presently 12.4 days.

Insider Buying and Selling at AirSculpt Technologies

In other news, CEO Dennis Dean sold 24,510 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $6.54, for a total transaction of $160,295.40. Following the completion of the transaction, the chief executive officer now directly owns 582,052 shares in the company, valued at $3,806,620.08. This trade represents a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 78.77% of the stock is owned by company insiders.

Hedge Funds Weigh In On AirSculpt Technologies

A hedge fund recently raised its stake in AirSculpt Technologies stock. Geode Capital Management LLC raised its position in AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 6.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 355,540 shares of the company’s stock after acquiring an additional 21,339 shares during the quarter. Geode Capital Management LLC owned approximately 0.61% of AirSculpt Technologies worth $1,803,000 at the end of the most recent quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

AirSculpt Technologies Price Performance

Shares of NASDAQ:AIRS opened at $4.85 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $280.72 million, a price-to-earnings ratio of -34.64 and a beta of 1.71. The business has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $5.33. AirSculpt Technologies has a fifty-two week low of $2.92 and a fifty-two week high of $9.20.

AirSculpt Technologies (NASDAQ:AIRS) last released its quarterly earnings data on Friday, November 8th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. The company had revenue of $42.55 million for the quarter, compared to analysts’ expectations of $42.49 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. On average, analysts expect that AirSculpt Technologies will post -0.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BTIG Research initiated coverage on shares of AirSculpt Technologies in a research note on Thursday, October 17th. They set a “neutral” rating for the company. Piper Sandler decreased their price objective on shares of AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.00.

AirSculpt Technologies Company Profile

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. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.