OneMedNet (NASDAQ:ONMD) Insider Purchases $99,999.90 in Stock

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu bought 158,730 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $0.63 per share, with a total value of $99,999.90. Following the acquisition, the insider directly owned 8,780,410 shares of the company’s stock, valued at approximately $5,531,658.30. The trade was a 1.84% increase in their position. The purchase 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 purchased 172,414 shares of OneMedNet stock. The shares were bought at an average cost of $0.58 per share, for a total transaction of $100,000.12.
• On Wednesday, April 1st, Jeffrey Yu acquired 903,614 shares of OneMedNet stock. The shares were bought at an average price of $0.83 per share, with a total value of $749,999.62.

OneMedNet Price Performance

Shares of NASDAQ:ONMD opened at $0.66 on Friday. The company has a market cap of $35.93 million, a price-to-earnings ratio of -13.20 and a beta of 1.12. The firm has a 50 day simple moving average of $0.81 and a 200 day simple moving average of $0.90. OneMedNet Corporation has a one year low of $0.44 and a one year high of $4.22.

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

Institutional Investors Weigh In On OneMedNet

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of OneMedNet in the fourth quarter valued at about $119,000. Exencial Wealth Advisors LLC boosted its holdings in OneMedNet by 1.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 3,644,861 shares of the company’s stock valued at $4,009,000 after acquiring an additional 45,401 shares during the last quarter. HRT Financial LP bought a new stake in OneMedNet in the fourth quarter valued at approximately $32,000. Virtu Financial LLC acquired a new stake in OneMedNet during the 4th quarter valued at approximately $48,000. Finally, State Street Corp increased its position in OneMedNet by 41.5% during the 4th 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. Institutional investors own 0.95% of the company’s stock.

Analysts Set New Price Targets

ONMD has been the subject of a number of research reports. Wall Street Zen lowered shares of OneMedNet from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of OneMedNet in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.