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

AirSculpt Technologies, Inc. (NASDAQ:AIRS) CEO Yogesh Jashnani bought 31,000 shares of the firm’s stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer directly owned 726,475 shares in the company, valued at approximately $566,650.50. The trade was a 4.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

AirSculpt Technologies Trading Up 16.2%

Shares of AirSculpt Technologies stock traded up $0.12 on Friday, reaching $0.84. 1,736,914 shares of the company were exchanged, compared to its average volume of 1,652,749. The stock has a fifty day moving average price of $1.69 and a 200-day moving average price of $3.03. The firm has a market capitalization of $61.88 million, a price-to-earnings ratio of -6.44 and a beta of 2.29. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.29. AirSculpt Technologies, Inc. has a fifty-two week low of $0.52 and a fifty-two week high of $5.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AIRS. Vesey Street Capital Partners L.L.C. acquired a new position in AirSculpt Technologies during the second quarter valued at $136,458,810. BlackRock Inc. acquired a new stake in AirSculpt Technologies during the 2nd quarter worth about $5,755,000. Flputnam Investment Management Co. acquired a new stake in AirSculpt Technologies during the 2nd quarter worth about $3,114,000. GSA Capital Partners LLP purchased a new stake in shares of AirSculpt Technologies in the second quarter worth approximately $1,913,000. Finally, Marshall Wace LLP increased its stake in AirSculpt Technologies by 164.8% in the 3rd quarter. Marshall Wace LLP now owns 766,680 shares of the company’s stock valued at $1,349,000 after buying an additional 477,094 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

AIRS has been the subject of a number of analyst reports. Wall Street Zen lowered shares of AirSculpt Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Lake Street Capital dropped their target price on shares of AirSculpt Technologies from $3.00 to $1.00 and set a “buy” rating on the stock in a research report on Monday, November 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Monday, September 28th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average 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.