Insider Buying: AirSculpt Technologies (NASDAQ:AIRS) Major Shareholder Buys $52,000.00 in Stock

AirSculpt Technologies, Inc. (NASDAQ:AIRS) major shareholder Jorey Chernett purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were acquired at an average price of $2.60 per share, for a total transaction of $52,000.00. Following the completion of the transaction, the insider directly owned 7,013,761 shares of the company’s stock, valued at $18,235,778.60. The trade was a 0.29% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 7th, Jorey Chernett purchased 60,000 shares of AirSculpt Technologies stock. The shares were acquired at an average price of $2.93 per share, for a total transaction of $175,800.00.
• On Friday, April 3rd, Jorey Chernett purchased 90,000 shares of AirSculpt Technologies stock. The shares were acquired at an average price of $2.82 per share, for a total transaction of $253,800.00.
• On Monday, March 23rd, Jorey Chernett purchased 50,000 shares of AirSculpt Technologies stock. The shares were acquired at an average price of $2.91 per share, for a total transaction of $145,500.00.
• On Friday, March 20th, Jorey Chernett purchased 40,000 shares of AirSculpt Technologies stock. The shares were acquired 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 acquired 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 acquired at an average price 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, for a total transaction 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 price of $2.15 per share, for a total transaction of $189,200.00.
• On Friday, March 6th, Jorey Chernett purchased 45,600 shares of AirSculpt Technologies stock. The shares were acquired at an average price of $2.00 per share, for a total transaction of $91,200.00.
• On Wednesday, March 4th, Jorey Chernett purchased 30,000 shares of AirSculpt Technologies stock. The shares were acquired at an average price of $1.87 per share, for a total transaction of $56,100.00.

AirSculpt Technologies Stock Performance

AIRS opened at $2.56 on Friday. The firm has a market capitalization of $180.61 million, a PE ratio of -13.47 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. The firm’s 50-day moving average price is $2.36 and its 200 day moving average price is $4.08. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.58.

AirSculpt Technologies (NASDAQ:AIRS) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The firm had revenue of $33.44 million for the quarter, compared to analyst estimates of $34.93 million. AirSculpt Technologies had a negative net margin of 7.68% and a negative return on equity of 5.01%. AirSculpt Technologies’s quarterly revenue was down 14.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) earnings per share. As a group, sell-side analysts expect that AirSculpt Technologies, Inc. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On AirSculpt Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AIRS. Virtu Financial LLC acquired a new position in AirSculpt Technologies in the 4th quarter valued at about $30,000. Millennium Management LLC acquired a new position in shares of AirSculpt Technologies in the 4th quarter worth approximately $33,000. Aigen Investment Management LP acquired a new position in shares of AirSculpt Technologies in the 4th quarter worth approximately $36,000. Wells Fargo & Company MN lifted its holdings in shares of AirSculpt Technologies by 49.9% in the 4th quarter. Wells Fargo & Company MN now owns 19,275 shares of the company’s stock worth $38,000 after acquiring an additional 6,420 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of AirSculpt Technologies by 239.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,952 shares of the company’s stock worth $48,000 after acquiring an additional 4,199 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AIRS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of AirSculpt Technologies in a report on Monday, December 29th. Wall Street Zen upgraded shares of AirSculpt Technologies from a “sell” rating to a “hold” rating in a report on Sunday, April 5th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AirSculpt Technologies has a consensus rating of “Reduce” and an average target price of $6.00.

About AirSculpt Technologies

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.