Key Points
- Jorey Chernett bought 50,000 shares of AirSculpt (NASDAQ:AIRS) on March 23 at $2.91 per share for $145,500, bringing his direct ownership to 6,843,761 shares valued around $19.9 million (a 0.74% increase).
- Throughout March Chernett accumulated roughly 600,150 shares in multiple transactions totaling about $1.4 million, indicating sustained insider buying.
- AirSculpt has a market cap near $190 million, a 50-day/200-day moving average of $2.30/$4.50, a negative P/E, ~91.5% institutional ownership, and a consensus analyst rating of "Reduce" with a $6 price target.
AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) major shareholder Jorey Chernett bought 50,000 shares of the company's stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average price of $2.91 per share, with a total value of $145,500.00. Following the acquisition, the insider directly owned 6,843,761 shares in the company, valued at $19,915,344.51. The trade was a 0.74% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 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 Friday, March 20th, Jorey Chernett purchased 40,000 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $2.77 per share, for a total transaction of $110,800.00.
- On Thursday, March 19th, Jorey Chernett purchased 77,702 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $2.64 per share, for a total transaction of $205,133.28.
- On Tuesday, March 17th, Jorey Chernett purchased 83,000 shares of AirSculpt Technologies stock. The shares were purchased at an average price of $2.56 per share, with a total value of $212,480.00.
- On Monday, March 16th, Jorey Chernett acquired 105,848 shares of AirSculpt Technologies stock. The stock was purchased at an average cost of $2.43 per share, with a total value of $257,210.64.
- On Wednesday, March 11th, Jorey Chernett acquired 88,000 shares of AirSculpt Technologies stock. The stock was purchased at an average price of $2.15 per share, for a total transaction of $189,200.00.
- On Friday, March 6th, Jorey Chernett bought 45,600 shares of AirSculpt Technologies stock. The shares were purchased at an average cost 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 cost 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, with a total value of $136,800.00.
AirSculpt Technologies Stock Performance
NASDAQ AIRS opened at $3.05 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $190.44 million, a P/E ratio of -10.17 and a beta of 2.75. The stock has a 50-day moving average of $2.30 and a two-hundred day moving average of $4.50. AirSculpt Technologies, Inc. has a 1-year low of $1.51 and a 1-year high of $12.00.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its stake in AirSculpt Technologies by 239.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,952 shares of the company's stock worth $48,000 after purchasing an additional 4,199 shares in the last quarter. Intech Investment Management LLC acquired a new stake in AirSculpt Technologies in the 3rd quarter valued at about $80,000. Brevan Howard Capital Management LP acquired a new stake in AirSculpt Technologies in the 3rd quarter valued at about $83,000. Jane Street Group LLC purchased a new position in shares of AirSculpt Technologies in the 2nd quarter valued at about $60,000. Finally, Creative Planning boosted its stake in shares of AirSculpt Technologies by 32.2% in the 2nd quarter. Creative Planning now owns 13,225 shares of the company's stock valued at $64,000 after buying an additional 3,224 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of AirSculpt Technologies in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AirSculpt Technologies has an average rating of "Reduce" and a consensus 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.
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