OneMedNet (NASDAQ:ONMD) Insider Purchases $749,999.62 in Stock

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu acquired 903,614 shares of OneMedNet stock in a transaction that occurred on Wednesday, April 1st. The shares were purchased at an average cost of $0.83 per share, for a total transaction of $749,999.62. Following the purchase, the insider directly owned 8,229,837 shares of the company’s stock, valued at approximately $6,830,764.71. This trade represents a 12.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

OneMedNet Price Performance

ONMD stock traded up $0.21 during midday trading on Friday, hitting $1.10. The stock had a trading volume of 821,198 shares, compared to its average volume of 3,251,295. The company’s 50-day moving average price is $0.79 and its 200 day moving average price is $1.26. The firm has a market cap of $57.58 million, a PE ratio of -15.64 and a beta of 1.16. OneMedNet Corporation has a 12-month low of $0.31 and a 12-month high of $4.22.

OneMedNet (NASDAQ:ONMD) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $0.89 million during the quarter.

Institutional Trading of OneMedNet

A number of hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of OneMedNet during the third quarter valued at approximately $25,000. HRT Financial LP purchased a new stake in shares of OneMedNet during the fourth quarter valued at approximately $32,000. State Street Corp raised its stake in shares of OneMedNet by 41.5% during the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock valued at $128,000 after purchasing an additional 34,200 shares during the period. Virtu Financial LLC purchased a new stake in shares of OneMedNet during the fourth quarter valued at approximately $48,000. Finally, Exencial Wealth Advisors LLC grew its position in shares of OneMedNet by 1.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 3,644,861 shares of the company’s stock worth $4,009,000 after buying an additional 45,401 shares in the last quarter. Hedge funds and other institutional investors own 0.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus 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.