Amesite (NASDAQ:AMST) Director Acquires $351,218.88 in Stock

Amesite Inc. (NASDAQ:AMST) Director George Parmer bought 243,902 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was bought at an average cost of $1.44 per share, for a total transaction of $351,218.88. Following the completion of the transaction, the director directly owned 566,962 shares in the company, valued at approximately $816,425.28. The trade was a 75.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Amesite Stock Down 4.6%

NASDAQ:AMST traded down $0.04 during mid-day trading on Monday, reaching $0.79. 2,257,074 shares of the stock were exchanged, compared to its average volume of 205,466. The company has a 50 day simple moving average of $1.53 and a 200-day simple moving average of $2.00. The stock has a market capitalization of $3.59 million, a P/E ratio of -1.23 and a beta of 0.86. Amesite Inc. has a 1 year low of $0.77 and a 1 year high of $4.78.

Amesite (NASDAQ:AMST) last released its quarterly earnings results on Monday, May 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.81. The firm had revenue of $0.08 million for the quarter, compared to the consensus estimate of $0.25 million. Amesite had a negative return on equity of 118.33% and a negative net margin of 1,024.91%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC acquired a new position in shares of Amesite Inc. (NASDAQ:AMST) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.32% of Amesite at the end of the most recent quarter. 3.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Amesite from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

About Amesite

Amesite, Inc (NASDAQ: AMST) is a software company specializing in AI-driven digital learning and training solutions. Its cloud-based platform enables organizations to create, manage and deliver customized online courses and professional development programs. Leveraging machine learning and natural language processing, the platform offers real-time analytics, adaptive content recommendations, multimedia assessments and community collaboration tools to support both synchronous and asynchronous learning.

The company’s primary end markets include corporate enterprises, higher education institutions, government agencies and nonprofit organizations.