Key Points
- Major shareholder Jorey Chernett purchased 60,000 shares on April 7 at $2.93, bringing his stake to 6,993,761 shares; he has bought roughly ~750,000 shares across multiple trades since early March.
- AirSculpt (AIRS) trades around $2.72 with a $191.9M market cap, recently reported an EPS beat ($0.02 vs. -$0.03) but saw revenue down 14.8% YoY and negative profitability, while analyst consensus rates the stock a “Reduce” with a $6.00 price target.
AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) major shareholder Jorey Chernett purchased 60,000 shares of the stock in a transaction dated Tuesday, April 7th. The stock was bought at an average cost of $2.93 per share, with a total value of $175,800.00. Following the transaction, the insider owned 6,993,761 shares in the company, valued at $20,491,719.73. The trade was a 0.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% 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, April 3rd, Jorey Chernett purchased 90,000 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $2.82 per share, with a total value of $253,800.00.
- On Monday, March 23rd, Jorey Chernett purchased 50,000 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $2.91 per share, with a total value of $145,500.00.
- On Friday, March 20th, Jorey Chernett purchased 40,000 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $2.77 per share, with a total value of $110,800.00.
- On Thursday, March 19th, Jorey Chernett purchased 77,702 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $2.64 per share, with a total value of $205,133.28.
- On Tuesday, March 17th, Jorey Chernett purchased 83,000 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $2.56 per share, with a total value of $212,480.00.
- On Monday, March 16th, Jorey Chernett purchased 105,848 shares of AirSculpt Technologies stock. The stock was bought at an average cost 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 stock was bought at an average cost of $2.15 per share, with a total value of $189,200.00.
- On Friday, March 6th, Jorey Chernett purchased 45,600 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $2.00 per share, with a total value of $91,200.00.
- On Wednesday, March 4th, Jorey Chernett purchased 30,000 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $1.87 per share, with a total value of $56,100.00.
- On Tuesday, March 3rd, Jorey Chernett purchased 80,000 shares of AirSculpt Technologies stock. The stock was bought at an average cost of $1.71 per share, with a total value of $136,800.00.
AirSculpt Technologies Price Performance
AIRS opened at $2.72 on Thursday. The stock has a 50-day moving average price of $2.34 and a 200-day moving average price of $4.28. 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 firm has a market cap of $191.90 million, a PE ratio of -14.32 and a beta of 2.22. AirSculpt Technologies, Inc. has a 1 year low of $1.51 and a 1 year high of $12.00.
AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. AirSculpt Technologies had a negative return on equity of 14.30% and a negative net margin of 11.41%.The company had revenue of $33.44 million during the quarter, compared to the consensus estimate of $34.93 million. During the same period last year, the company earned ($0.09) EPS. AirSculpt Technologies's revenue for the quarter was down 14.8% on a year-over-year basis. Sell-side analysts predict that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current fiscal year.
Institutional Investors Weigh In On AirSculpt Technologies
A number of large investors have recently made changes to their positions in AIRS. Balyasny Asset Management L.P. lifted its position in shares of AirSculpt Technologies by 128.5% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,113,843 shares of the company's stock valued at $5,380,000 after buying an additional 626,309 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of AirSculpt Technologies during the 4th quarter valued at about $1,991,000. Vanguard Group Inc. lifted its position in shares of AirSculpt Technologies by 10.8% during the 3rd quarter. Vanguard Group Inc. now owns 782,543 shares of the company's stock valued at $6,276,000 after buying an additional 76,291 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of AirSculpt Technologies by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 403,163 shares of the company's stock valued at $798,000 after buying an additional 17,889 shares in the last quarter. Finally, FourWorld Capital Management LLC lifted its position in shares of AirSculpt Technologies by 50.0% during the 2nd quarter. FourWorld Capital Management LLC now owns 382,886 shares of the company's stock valued at $1,849,000 after buying an additional 127,676 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
AIRS has been the subject of several research analyst reports. Wall Street Zen upgraded AirSculpt Technologies from a "sell" rating to a "hold" rating in a report on Sunday. Weiss Ratings reiterated a "sell (d-)" rating on shares of AirSculpt Technologies in a report 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. According to data from MarketBeat.com, AirSculpt Technologies has an average rating of "Reduce" and a consensus price target of $6.00.
View Our Latest Analysis on AIRS
About AirSculpt Technologies
(
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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