Key Points
- Major shareholder Jorey Chernett bought 20,000 shares on April 14 at $2.60, bringing his direct stake to 7,013,761 shares (valued at about $18.24M) and representing a 0.29% increase in ownership.
- Chernett has been accumulating stock aggressively over March–April, purchasing roughly 690,150 shares in a series of trades, signaling continued insider confidence.
- The stock traded up ~6.5% (opened at $2.79) amid mixed fundamentals — Q1 EPS beat but revenue fell 14.8% YoY and margins remain negative — while analysts assign an average "Reduce" rating with a $6 target.
AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) major shareholder Jorey Chernett purchased 20,000 shares of the business's stock in a transaction dated Tuesday, April 14th. The shares were purchased at an average cost of $2.60 per share, with a total value of $52,000.00. Following the purchase, the insider directly owned 7,013,761 shares in the company, valued at approximately $18,235,778.60. The trade was a 0.29% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Jorey Chernett also recently made the following trade(s):
- On Tuesday, April 7th, Jorey Chernett purchased 60,000 shares of AirSculpt Technologies stock. The shares were purchased at an average cost of $2.93 per share, with a total value of $175,800.00.
- On Friday, April 3rd, Jorey Chernett purchased 90,000 shares of AirSculpt Technologies stock. The shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased 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 shares were purchased at an average cost of $1.87 per share, with a total value of $56,100.00.
AirSculpt Technologies Trading Up 6.5%
NASDAQ:AIRS opened at $2.79 on Thursday. The company has a market capitalization of $196.82 million, a PE ratio of -14.68 and a beta of 2.22. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.58. AirSculpt Technologies, Inc. has a 52-week low of $1.51 and a 52-week high of $12.00. The stock has a fifty day simple moving average of $2.34 and a 200-day simple moving average of $4.12.
AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. The business had revenue of $33.44 million during the quarter, compared to the consensus estimate of $34.93 million. AirSculpt Technologies had a negative return on equity of 5.01% and a negative net margin of 7.68%.The business's revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) EPS. On average, equities research analysts expect that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently commented on AIRS shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of AirSculpt Technologies in a research report on Monday, December 29th. Wall Street Zen upgraded AirSculpt Technologies from a "sell" rating to a "hold" rating in a research report on Sunday, April 5th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $6.00.
Read Our Latest Research Report on AirSculpt Technologies
Institutional Trading of AirSculpt Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position 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 purchased a new stake in AirSculpt Technologies during the 3rd quarter worth about $80,000. Brevan Howard Capital Management LP purchased a new stake in AirSculpt Technologies during the 3rd quarter worth about $83,000. Jane Street Group LLC purchased a new stake in AirSculpt Technologies during the 2nd quarter worth about $60,000. Finally, Creative Planning increased its position in AirSculpt Technologies by 32.2% during the 2nd quarter. Creative Planning now owns 13,225 shares of the company's stock worth $64,000 after purchasing an additional 3,224 shares in the last quarter. Hedge funds and other 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
