AirSculpt Technologies Target of Unusually Large Options Trading (NASDAQ:AIRS)

AirSculpt Technologies, Inc. (NASDAQ:AIRS) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 11,531 call options on the stock. This is an increase of approximately 933% compared to the typical daily volume of 1,116 call options.

AirSculpt Technologies Price Performance

NASDAQ AIRS opened at $2.81 on Tuesday. The stock has a 50-day simple moving average of $2.23 and a 200 day simple moving average of $4.66. AirSculpt Technologies has a twelve month low of $1.51 and a twelve month high of $12.00. The stock has a market capitalization of $175.14 million, a PE ratio of -9.35 and a beta of 2.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.51 and a current ratio of 0.51.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of AirSculpt Technologies in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $6.00.

Insiders Place Their Bets

In other AirSculpt Technologies news, major shareholder Jorey Chernett bought 105,848 shares of AirSculpt Technologies stock in a transaction on Monday, March 16th. The stock was purchased at an average cost of $2.43 per share, for a total transaction of $257,210.64. Following the completion of the purchase, the insider directly owned 6,592,059 shares of the company’s stock, valued at $16,018,703.37. The trade was a 1.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 349,448 shares of company stock worth $730,511 over the last 90 days. 76.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AIRS. Virtu Financial LLC acquired a new stake in shares of AirSculpt Technologies in the fourth quarter worth $30,000. Millennium Management LLC bought a new position in AirSculpt Technologies during the fourth quarter worth $33,000. Aigen Investment Management LP acquired a new position in AirSculpt Technologies during the 4th quarter valued at $36,000. Wells Fargo & Company MN raised its stake in AirSculpt Technologies by 49.9% during the 4th quarter. Wells Fargo & Company MN now owns 19,275 shares of the company’s stock valued at $38,000 after purchasing an additional 6,420 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in AirSculpt Technologies by 239.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,952 shares of the company’s stock valued at $48,000 after purchasing an additional 4,199 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

AirSculpt Technologies Company Profile

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.