Key Points
- Jorey Chernett bought 40,000 shares on April 17 at $2.54 and has repeatedly accumulated stock in March–April, purchasing roughly 700,150 shares in that span and now owning 7,053,761 shares valued at about $17.9 million.
- AirSculpt reported quarterly EPS of $0.02 (beating estimates) but revenue fell 14.8% year‑over‑year and the company remains unprofitable, while analysts hold a consensus "Reduce" rating with a $6 target and the stock trades around $2.64 (market cap ≈ $186M).
AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) major shareholder Jorey Chernett bought 40,000 shares of AirSculpt Technologies stock in a transaction that occurred on Friday, April 17th. The shares were acquired at an average cost of $2.54 per share, with a total value of $101,600.00. Following the acquisition, the insider owned 7,053,761 shares of the company's stock, valued at $17,916,552.94. The trade was a 0.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major 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 Tuesday, April 14th, Jorey Chernett bought 20,000 shares of AirSculpt Technologies stock. The shares were acquired at an average cost of $2.60 per share, with a total value of $52,000.00.
- On Tuesday, April 7th, Jorey Chernett bought 60,000 shares of AirSculpt Technologies stock. The shares were acquired 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 bought at an average price 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 bought at an average price 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 bought at an average price 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 bought at an average price 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 bought at an average price 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 bought 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 bought at an average price 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 bought at an average price of $2.00 per share, with a total value of $91,200.00.
AirSculpt Technologies Stock Up 3.1%
Shares of AIRS stock opened at $2.64 on Tuesday. The stock has a 50 day moving average of $2.37 and a 200 day moving average of $3.98. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58. The stock has a market cap of $186.25 million, a P/E ratio of -13.89 and a beta of 2.22. AirSculpt Technologies, Inc. has a twelve month low of $1.51 and a twelve month 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 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.05. AirSculpt Technologies had a negative net margin of 7.68% and a negative return on equity of 5.01%. The company had revenue of $33.44 million during the quarter, compared to analysts' expectations of $34.93 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. The firm's revenue for the quarter was down 14.8% on a year-over-year basis. As a group, sell-side analysts expect that AirSculpt Technologies, Inc. will post -0.06 EPS for the current year.
Institutional Trading of AirSculpt Technologies
Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of AirSculpt Technologies by 239.5% during the third 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. Wells Fargo & Company MN grew its stake in AirSculpt Technologies by 49.9% during the 4th quarter. Wells Fargo & Company MN now owns 19,275 shares of the company's stock valued at $38,000 after acquiring an additional 6,420 shares in the last quarter. Aigen Investment Management LP purchased a new stake in AirSculpt Technologies during the 4th quarter valued at about $36,000. Millennium Management LLC purchased a new stake in AirSculpt Technologies during the 4th quarter valued at about $33,000. Finally, Virtu Financial LLC purchased a new stake in AirSculpt Technologies during the 4th quarter valued at about $30,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently commented on AIRS. Wall Street Zen upgraded AirSculpt Technologies from a "sell" rating to a "hold" rating in a research report on Sunday, April 5th. Weiss Ratings restated a "sell (d-)" rating on shares of AirSculpt Technologies in a research report on Monday, December 29th. 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 currently has a consensus rating of "Reduce" and a consensus target price of $6.00.
Read Our Latest Analysis on AIRS
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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