In a report released on August 1, Whit Mayo from Leerink Partners reiterated a Hold rating on Airsculpt Technologies, with a price target of $5.00.
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Whit Mayo has given his Hold rating due to a combination of factors influencing Airsculpt Technologies. The company’s recent quarterly results showed a better-than-expected EBITDA, yet the overall narrative remains unchanged with ongoing challenges. These include declining organic growth, macroeconomic pressures, and issues with lead conversion, which continue to affect the company’s performance. Despite reaffirming its 2025 guidance and making progress towards margin targets, Airsculpt is still experiencing a significant decline in same-store revenues and case growth.
Furthermore, while the company has managed to reduce marketing expenses without impacting lead volume, conversion rates are still problematic. The estimates for future EBITDA have been slightly increased, and the price target has been raised, reflecting a higher valuation multiple. This adjustment is based on the expectation that the margins will improve in the coming years, justifying a more favorable forward valuation. However, given the current challenges, a Hold rating is deemed appropriate as the company navigates these near-term pressures.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $6.00 price target.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AIRS in relation to earlier this year.