Key Points
- Major shareholder Jorey Chernett bought 40,000 shares on March 20 at $2.77, bringing his direct holdings to 6,793,761 shares valued at about $18.82 million (a 0.59% increase).
- Chernett accumulated ~550,150 shares across eight trades from March 3–20, spending roughly $1.26 million in total, signaling sustained insider buying.
- AirSculpt has a market cap of about $173.6M and very high institutional ownership (~91.5%), but analysts maintain a consensus "Reduce" rating with an average price target of $6.00 and a negative P/E.
AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) major shareholder Jorey Chernett acquired 40,000 shares of the company's stock in a transaction on Friday, March 20th. The shares were purchased at an average cost of $2.77 per share, with a total value of $110,800.00. Following the completion of the acquisition, the insider directly owned 6,793,761 shares in the company, valued at approximately $18,818,717.97. The trade was a 0.59% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Jorey Chernett also recently made the following trade(s):
- On Thursday, March 19th, Jorey Chernett bought 77,702 shares of AirSculpt Technologies stock. The stock was acquired at an average cost of $2.64 per share, for a total transaction of $205,133.28.
- On Tuesday, March 17th, Jorey Chernett bought 83,000 shares of AirSculpt Technologies stock. The stock was acquired at an average cost of $2.56 per share, for a total transaction of $212,480.00.
- On Monday, March 16th, Jorey Chernett purchased 105,848 shares of AirSculpt Technologies stock. The shares were acquired at an average price of $2.43 per share, with a total value of $257,210.64.
- On Wednesday, March 11th, Jorey Chernett purchased 88,000 shares of AirSculpt Technologies stock. The shares were acquired at an average cost of $2.15 per share, with a total value of $189,200.00.
- On Friday, March 6th, Jorey Chernett acquired 45,600 shares of AirSculpt Technologies stock. The stock was acquired at an average price of $2.00 per share, for a total transaction of $91,200.00.
- On Wednesday, March 4th, Jorey Chernett acquired 30,000 shares of AirSculpt Technologies stock. The stock was acquired 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, for a total transaction of $136,800.00.
AirSculpt Technologies Price Performance
AIRS opened at $2.78 on Tuesday. The company has a fifty day moving average price of $2.27 and a two-hundred day moving average price of $4.54. The firm has a market capitalization of $173.58 million, a PE ratio of -9.27 and a beta of 2.76. AirSculpt Technologies, Inc. has a 52 week low of $1.51 and a 52 week high of $12.00. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.51.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in AirSculpt Technologies during the fourth quarter valued at approximately $155,000. Aristides Capital LLC acquired a new stake in AirSculpt Technologies in the fourth quarter worth $140,000. Virtu Financial LLC bought a new position in shares of AirSculpt Technologies during the fourth quarter worth $30,000. XTX Topco Ltd boosted its position in shares of AirSculpt Technologies by 265.2% during the fourth quarter. XTX Topco Ltd now owns 179,813 shares of the company's stock worth $356,000 after purchasing an additional 130,581 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of AirSculpt Technologies in the 4th quarter valued at $219,000. Institutional investors and hedge funds own 91.54% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AirSculpt Technologies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $6.00.
Get Our Latest Research Report on AirSculpt Technologies
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.
Further Reading
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