Jeffrey Yu Buys 158,730 Shares of OneMedNet (NASDAQ:ONMD) Stock

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu bought 158,730 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $0.63 per share, for a total transaction of $99,999.90. Following the transaction, the insider owned 8,780,410 shares of the company’s stock, valued at $5,531,658.30. The trade was a 1.84% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Jeffrey Yu also recently made the following trade(s):

• On Tuesday, June 16th, Jeffrey Yu acquired 172,414 shares of OneMedNet stock. The stock was bought at an average cost of $0.58 per share, with a total value of $100,000.12.
• On Wednesday, April 1st, Jeffrey Yu purchased 903,614 shares of OneMedNet stock. The shares were purchased at an average cost of $0.83 per share, for a total transaction of $749,999.62.

OneMedNet Price Performance

OneMedNet stock opened at $0.59 on Friday. The company’s 50-day moving average is $0.82 and its 200-day moving average is $0.90. The firm has a market capitalization of $31.85 million, a PE ratio of -11.70 and a beta of 1.12. OneMedNet Corporation has a fifty-two week low of $0.44 and a fifty-two week high of $4.22.

OneMedNet (NASDAQ:ONMD) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.10 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of OneMedNet in the fourth quarter valued at approximately $48,000. State Street Corp grew its position in OneMedNet by 41.5% during the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock worth $128,000 after buying an additional 34,200 shares in the last quarter. Jane Street Group LLC acquired a new stake in OneMedNet during the fourth quarter worth approximately $119,000. HRT Financial LP bought a new position in OneMedNet during the 4th quarter worth $32,000. Finally, Exencial Wealth Advisors LLC increased its stake in OneMedNet by 1.3% during the 4th quarter. Exencial Wealth Advisors LLC now owns 3,644,861 shares of the company’s stock worth $4,009,000 after acquiring an additional 45,401 shares during the period. 0.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ONMD shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneMedNet in a report on Monday, June 1st. Wall Street Zen cut shares of OneMedNet from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About OneMedNet

OneMedNet Corporation provides clinical imaging solutions. It offers iRWD, a solution that utilizes AI to securely de-identify, search, and curate imaging data for its partner network consisting of medical and academic research institutions to generate progression in stages of medical research, discovery and diagnostics that span the field of life sciences. OneMedNet Corporation is based in Eden Prairie, Minnesota.