Insider Buying: AirSculpt Technologies (NASDAQ:AIRS) CEO Buys $24,180.00 in Stock

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

AirSculpt Technologies Stock Up 16.2%

AirSculpt Technologies stock traded up $0.12 during midday trading on Friday, reaching $0.84. The company’s stock had a trading volume of 1,736,914 shares, compared to its average volume of 1,652,749. The company has a market cap of $61.88 million, a P/E ratio of -6.44 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. The business has a 50-day simple moving average of $1.69 and a 200-day simple moving average of $3.03. AirSculpt Technologies, Inc. has a fifty-two week low of $0.52 and a fifty-two week high of $5.81.

Institutional Investors Weigh In On AirSculpt Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP boosted its stake in AirSculpt Technologies by 164.8% in the third quarter. Marshall Wace LLP now owns 766,680 shares of the company’s stock valued at $1,349,000 after acquiring an additional 477,094 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of AirSculpt Technologies during the third quarter worth about $155,000. Waverly Advisors LLC acquired a new stake in shares of AirSculpt Technologies during the second quarter worth about $101,000. AXQ Capital LP acquired a new stake in shares of AirSculpt Technologies during the second quarter worth about $46,000. Finally, Flputnam Investment Management Co. purchased a new stake in shares of AirSculpt Technologies in the 2nd quarter valued at about $3,114,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AIRS. Weiss Ratings reissued a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Monday, September 28th. Wall Street Zen downgraded AirSculpt Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Lake Street Capital lowered their price target on AirSculpt Technologies from $3.00 to $1.00 and set a “buy” rating for the company in a report on Monday, November 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $2.75.

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.