Insider Selling: AirSculpt Technologies, Inc. (NASDAQ:AIRS) CEO Sells 7,719 Shares of Stock

AirSculpt Technologies, Inc. (NASDAQ:AIRS) CEO Dennis Dean sold 7,719 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $7.53, for a total transaction of $58,124.07. Following the completion of the transaction, the chief executive officer now directly owns 628,940 shares of the company’s stock, valued at approximately $4,735,918.20. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Dennis Dean also recently made the following trade(s):

• On Friday, November 15th, Dennis Dean sold 24,510 shares of AirSculpt Technologies stock. The stock was sold at an average price of $6.54, for a total value of $160,295.40.

AirSculpt Technologies Trading Down 6.5 %

Shares of NASDAQ:AIRS traded down $0.45 on Friday, hitting $6.51. 354,838 shares of the company’s stock were exchanged, compared to its average volume of 85,377. AirSculpt Technologies, Inc. has a 12 month low of $2.92 and a 12 month high of $9.20. The stock has a market capitalization of $376.80 million, a price-to-earnings ratio of -46.50 and a beta of 1.57. The business’s 50 day simple moving average is $5.55 and its two-hundred day simple moving average is $4.75. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.86.

AirSculpt Technologies (NASDAQ:AIRS) last released its earnings results on Friday, November 8th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. The business had revenue of $42.55 million for the quarter, compared to the consensus estimate of $42.49 million. During the same quarter last year, the business posted ($0.01) earnings per share. Analysts anticipate that AirSculpt Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, BTIG Research assumed coverage on AirSculpt Technologies in a research report on Thursday, October 17th. They issued a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.50.

Institutional Trading of AirSculpt Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its position in shares of AirSculpt Technologies by 227.0% during the third quarter. Barclays PLC now owns 19,100 shares of the company’s stock worth $97,000 after purchasing an additional 13,259 shares during the last quarter. FourWorld Capital Management LLC bought a new stake in shares of AirSculpt Technologies in the first quarter valued at about $557,000. Vanguard Group Inc. raised its holdings in shares of AirSculpt Technologies by 1.0% in the first quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock valued at $3,537,000 after acquiring an additional 5,606 shares in the last quarter. Finally, SW Investment Management LLC raised its holdings in shares of AirSculpt Technologies by 5.0% in the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after acquiring an additional 213,677 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

About AirSculpt Technologies

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.