OneMedNet (NASDAQ:ONMD) Insider Buys $100,000.12 in Stock

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu acquired 172,414 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $0.58 per share, for a total transaction of $100,000.12. Following the acquisition, the insider directly owned 8,621,680 shares in the company, valued at $5,000,574.40. This represents a 2.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, April 1st, Jeffrey Yu acquired 903,614 shares of OneMedNet stock. The stock was acquired at an average price of $0.83 per share, with a total value of $749,999.62.

OneMedNet Stock Performance

Shares of ONMD stock opened at $0.50 on Wednesday. The company has a market capitalization of $27.27 million, a P/E ratio of -10.02 and a beta of 1.12. The company’s 50 day moving average price is $0.86 and its two-hundred day moving average price is $0.95. OneMedNet Corporation has a 52 week low of $0.33 and a 52 week high of $4.22.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen cut OneMedNet from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneMedNet in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP acquired a new position in OneMedNet in the fourth quarter valued at about $32,000. Virtu Financial LLC bought a new position in shares of OneMedNet in the 4th quarter valued at $48,000. Jane Street Group LLC acquired a new position in shares of OneMedNet during the 4th quarter worth $119,000. State Street Corp raised its holdings 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 buying an additional 34,200 shares in the last quarter. Finally, Exencial Wealth Advisors LLC lifted its position in shares of 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 buying an additional 45,401 shares during the last quarter. 0.95% of the stock is owned by institutional investors and hedge funds.

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.