OneMedNet (NASDAQ:ONMD) Announces Quarterly Earnings Results

OneMedNet (NASDAQ:ONMD) announced its quarterly earnings data on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.10 million for the quarter.

OneMedNet Stock Performance

Shares of ONMD opened at $0.84 on Friday. The stock has a market capitalization of $43.92 million, a P/E ratio of -12.02 and a beta of 1.25. The company’s fifty day moving average is $0.88 and its two-hundred day moving average is $1.09. OneMedNet has a 1 year low of $0.31 and a 1 year high of $4.22.

Insider Buying and Selling at OneMedNet

In related news, insider Jeffrey Yu purchased 903,614 shares of the stock in a transaction dated Wednesday, April 1st. The shares were acquired at an average cost of $0.83 per share, with a total value of $749,999.62. Following the purchase, the insider directly owned 8,229,837 shares in the company, valued at $6,830,764.71. This trade represents a 12.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Kosasa purchased 280,898 shares of the stock in a transaction dated Thursday, April 23rd. The shares were bought at an average cost of $0.89 per share, for a total transaction of $249,999.22. Following the completion of the purchase, the director owned 16,661,327 shares in the company, valued at approximately $14,828,581.03. This trade represents a 1.71% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 46.20% of the company’s stock.

Hedge Funds Weigh In On OneMedNet

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of OneMedNet during the 3rd quarter worth $25,000. HRT Financial LP acquired a new position in shares of OneMedNet during the 4th quarter worth $32,000. Virtu Financial LLC acquired a new position in shares of OneMedNet during the 4th quarter worth $48,000. Jane Street Group LLC acquired a new position in shares of OneMedNet during the 4th quarter worth $119,000. Finally, State Street Corp grew its stake in shares of OneMedNet by 41.5% during the 4th quarter. State Street Corp now owns 116,700 shares of the company’s stock worth $128,000 after purchasing an additional 34,200 shares during the period. 0.95% of the stock is owned by institutional investors and hedge funds.

OneMedNet Company Profile

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.