Marpai (MRAI) Set to Announce Earnings on Thursday

Marpai (NASDAQ:MRAI) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Individual interested in registering for the company’s earnings conference call can do so using this link.

Marpai (NASDAQ:MRAI) last issued its quarterly earnings data on Tuesday, March 26th. The company reported ($0.65) EPS for the quarter. The business had revenue of $8.71 million during the quarter.

Marpai Stock Down 0.8 %

MRAI stock traded down $0.02 during trading hours on Tuesday, hitting $2.50. 31,351 shares of the stock were exchanged, compared to its average volume of 649,445. The company has a 50-day simple moving average of $2.17 and a two-hundred day simple moving average of $1.63. Marpai has a 12 month low of $0.33 and a 12 month high of $3.46.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded shares of Marpai from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Thursday, March 28th.

Insider Buying and Selling

In related news, CEO Damien Lamendola acquired 910,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was purchased at an average cost of $1.65 per share, with a total value of $1,501,500.00. Following the acquisition, the chief executive officer now directly owns 2,861,306 shares of the company’s stock, valued at $4,721,154.90. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 61.30% of the stock is currently owned by company insiders.

Marpai Company Profile

Marpai, Inc, a technology-driven healthcare payer, focuses on providing services to the self-insured employer market in the United States and Israel. The company offers ancillary services, such as care management, case management, actuarial services, health savings account administration, bill review and cost containment services.