Key Points
- Jorey Chernett, a major shareholder, bought 105,848 shares of AirSculpt on March 16 at an average cost of $2.43, raising his stake to 6,592,059 shares (a 1.63% increase) valued at about $16.02 million.
- Chernett has been accumulating stock throughout March, purchasing a total of 349,448 shares across five trades (Mar 3–16) at average prices ranging from $1.71 to $2.43, signaling continued insider buying.
- For context, AIRS recently opened around $2.81 (50-day avg $2.23, 200-day avg $4.66) with a market cap of ~$175M; analysts have a consensus rating of "Reduce" and an average price target of $6.00.
AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) major shareholder Jorey Chernett bought 105,848 shares of the firm's stock in a transaction on Monday, March 16th. The stock was acquired at an average cost of $2.43 per share, with a total value of $257,210.64. Following the transaction, the insider owned 6,592,059 shares in the company, valued at $16,018,703.37. The trade was a 1.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Jorey Chernett also recently made the following trade(s):
- On Wednesday, March 11th, Jorey Chernett acquired 88,000 shares of AirSculpt Technologies stock. The stock was purchased at an average cost of $2.15 per share, with a total value of $189,200.00.
- On Friday, March 6th, Jorey Chernett bought 45,600 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $2.00 per share, for a total transaction of $91,200.00.
- On Wednesday, March 4th, Jorey Chernett purchased 30,000 shares of AirSculpt Technologies stock. The shares were purchased at an average cost of $1.87 per share, for a total transaction of $56,100.00.
- On Tuesday, March 3rd, Jorey Chernett acquired 80,000 shares of AirSculpt Technologies stock. The stock was acquired at an average cost of $1.71 per share, with a total value of $136,800.00.
AirSculpt Technologies Price Performance
AIRS stock opened at $2.81 on Tuesday. The company's fifty day moving average price is $2.23 and its 200-day moving average price is $4.66. AirSculpt Technologies, Inc. has a one year low of $1.51 and a one year high of $12.00. The company has a market capitalization of $175.14 million, a PE ratio of -9.35 and a beta of 2.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.51.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of AirSculpt Technologies in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, AirSculpt Technologies has a consensus rating of "Reduce" and an average price target of $6.00.
Read Our Latest Stock Analysis on AirSculpt Technologies
Institutional Trading of AirSculpt Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI increased its holdings in shares of AirSculpt Technologies by 49.1% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 147,900 shares of the company's stock valued at $714,000 after acquiring an additional 48,734 shares during the period. Aristides Capital LLC purchased a new stake in shares of AirSculpt Technologies during the 4th quarter worth $140,000. EHP Funds Inc. bought a new stake in AirSculpt Technologies during the third quarter valued at about $1,223,000. CenterBook Partners LP boosted its position in AirSculpt Technologies by 59.4% during the third quarter. CenterBook Partners LP now owns 355,081 shares of the company's stock valued at $2,848,000 after purchasing an additional 132,327 shares in the last quarter. Finally, Tradewinds LLC. purchased a new position in AirSculpt Technologies in the third quarter valued at about $113,000. Institutional investors own 91.54% of the company's stock.
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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