AirSculpt Technologies (NASDAQ:AIRS) CEO Yogesh Jashnani Acquires 31,000 Shares of Stock

AirSculpt Technologies, Inc. (NASDAQ:AIRS) CEO Yogesh Jashnani purchased 31,000 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was bought at an average price of $0.78 per share, for a total transaction of $24,180.00. Following the acquisition, the chief executive officer owned 726,475 shares in the company, valued at $566,650.50. The trade was a 4.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

AirSculpt Technologies Stock Down 10.6%

Shares of NASDAQ AIRS opened at $0.72 on Friday. AirSculpt Technologies, Inc. has a 52-week low of $0.52 and a 52-week high of $6.13. The firm has a fifty day moving average of $1.73 and a 200-day moving average of $3.04. The stock has a market capitalization of $53.24 million, a PE ratio of -5.54 and a beta of 2.29. The company has a quick ratio of 0.79, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

AirSculpt Technologies (NASDAQ:AIRS) last released its quarterly earnings data on Monday, August 10th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). AirSculpt Technologies had a negative return on equity of 9.43% and a negative net margin of 6.36%. The firm had revenue of $42.90 million for the quarter, compared to analyst estimates of $44.14 million.

Analysts Set New Price Targets

AIRS has been the topic of several research reports. Wall Street Zen lowered shares of AirSculpt Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Lake Street Capital decreased their price objective on shares of AirSculpt Technologies from $3.00 to $1.00 and set a “buy” rating for the company in a research note on Monday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Monday, September 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.75.

Institutional Investors Weigh In On AirSculpt Technologies

Several hedge funds have recently modified their holdings of AIRS. Royal Bank of Canada lifted its position in AirSculpt Technologies by 259.6% during the 1st quarter. Royal Bank of Canada now owns 9,879 shares of the company’s stock worth $28,000 after acquiring an additional 7,132 shares in the last quarter. AXQ Capital LP acquired a new stake in AirSculpt Technologies in the second quarter valued at approximately $46,000. Hsbc Holdings PLC acquired a new stake in AirSculpt Technologies in the second quarter valued at approximately $63,000. Waverly Advisors LLC acquired a new stake in AirSculpt Technologies in the second quarter valued at approximately $101,000. Finally, Bank of New York Mellon Corp acquired a new stake in AirSculpt Technologies in the second quarter valued at approximately $117,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

About AirSculpt Technologies

AirSculpt Technologies, Inc. provides elective body-contouring and aesthetic procedures through its Elite Body Sculpture centers. Its services include fat removal and fat transfer, using its branded AirSculpt technique, which is designed to remove fat through small entry points without traditional liposuction incisions. The company’s offerings also include procedures that use a patient’s own fat to enhance or reshape areas of the body. AirSculpt Technologies serves patients through centers in the United States and Canada.