Jorey Chernett Acquires 80,000 Shares of AirSculpt Technologies (NASDAQ:AIRS) Stock

AirSculpt Technologies, Inc. (NASDAQ:AIRS) major shareholder Jorey Chernett bought 80,000 shares of AirSculpt Technologies stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $1.71 per share, for a total transaction of $136,800.00. Following the purchase, the insider owned 6,322,611 shares of the company’s stock, valued at approximately $10,811,664.81. This trade represents a 1.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Jorey Chernett also recently made the following trade(s):

• On Wednesday, March 4th, Jorey Chernett purchased 30,000 shares of AirSculpt Technologies stock. The stock was bought at an average price of $1.87 per share, for a total transaction of $56,100.00.

AirSculpt Technologies Trading Up 0.8%

AIRS stock opened at $1.85 on Friday. AirSculpt Technologies, Inc. has a 12 month low of $1.51 and a 12 month high of $12.00. The firm’s 50-day moving average is $2.20 and its 200 day moving average is $4.89. The company has a market capitalization of $115.51 million, a PE ratio of -6.17 and a beta of 2.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.51 and a quick ratio of 0.51.

Analysts Set New Price Targets

AIRS has been the topic of a number of recent research reports. Leerink Partners reissued a “market perform” rating and set a $6.00 price target on shares of AirSculpt Technologies in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AirSculpt Technologies in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $6.00.

Institutional Investors Weigh In On AirSculpt Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new position in AirSculpt Technologies in the fourth quarter worth about $1,991,000. Vesey Street Capital Partners L.L.C. grew its position in shares of AirSculpt Technologies by 3.4% in the 2nd quarter. Vesey Street Capital Partners L.L.C. now owns 30,324,180 shares of the company’s stock worth $146,466,000 after buying an additional 1,000,000 shares during the last quarter. Balyasny Asset Management L.P. raised its stake 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 worth $5,380,000 after acquiring an additional 626,309 shares in the last quarter. Saba Capital Management L.P. purchased a new stake in AirSculpt Technologies during the fourth quarter valued at approximately $620,000. Finally, Marshall Wace LLP acquired a new stake in AirSculpt Technologies in the fourth quarter valued at approximately $495,000. Institutional investors own 91.54% of the company’s stock.

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.