Key Points
- Jorey Chernett bought 88,000 shares of AirSculpt (NASDAQ:AIRS) on March 11 at an average price of $2.15 (≈$189,200), bringing their total stake to 6,486,211 shares — a 1.38% increase after several purchases earlier in March.
- AirSculpt shares traded around $2.23 with a market cap of about $139M and a negative P/E, and the stock shows a short-term downtrend (50-day avg $2.21 vs. 200-day avg $4.76). Analysts' consensus is a Reduce rating with an average $6.00 target and Weiss Ratings at "sell (d-)," while roughly 91.5% of the stock is held by institutional investors.
AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) major shareholder Jorey Chernett acquired 88,000 shares of AirSculpt Technologies stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average cost of $2.15 per share, with a total value of $189,200.00. Following the completion of the purchase, the insider owned 6,486,211 shares of the company's stock, valued at approximately $13,945,353.65. This represents a 1.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Jorey Chernett also recently made the following trade(s):
- On Friday, March 6th, Jorey Chernett acquired 45,600 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $2.00 per share, for a total transaction of $91,200.00.
- On Wednesday, March 4th, Jorey Chernett bought 30,000 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $1.87 per share, for a total transaction of $56,100.00.
- On Tuesday, March 3rd, Jorey Chernett bought 80,000 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $1.71 per share, for a total transaction of $136,800.00.
AirSculpt Technologies Price Performance
AirSculpt Technologies stock traded down $0.03 during mid-day trading on Thursday, hitting $2.23. The stock had a trading volume of 129,648 shares, compared to its average volume of 1,174,174. AirSculpt Technologies, Inc. has a one year low of $1.51 and a one year 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 firm has a market capitalization of $139.24 million, a P/E ratio of -7.37 and a beta of 2.75. The firm's 50 day moving average is $2.21 and its 200 day moving average is $4.76.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of AirSculpt Technologies in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, AirSculpt Technologies has an average rating of "Reduce" and an average price target of $6.00.
Check Out Our Latest Stock Report on AirSculpt Technologies
Hedge Funds Weigh In On AirSculpt Technologies
Several institutional investors have recently bought and sold shares of AIRS. BNP Paribas Financial Markets increased its holdings in AirSculpt Technologies by 239.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,952 shares of the company's stock valued at $48,000 after acquiring an additional 4,199 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of AirSculpt Technologies during the 3rd quarter valued at about $80,000. Brevan Howard Capital Management LP purchased a new position in shares of AirSculpt Technologies during the third quarter valued at about $83,000. Jane Street Group LLC bought a new stake in shares of AirSculpt Technologies in the second quarter worth about $60,000. Finally, Creative Planning increased its holdings in shares of AirSculpt Technologies by 32.2% in the second quarter. Creative Planning now owns 13,225 shares of the company's stock worth $64,000 after purchasing an additional 3,224 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
AirSculpt Technologies Company Profile
(
Get Free Report)
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.
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