OneMedNet (NASDAQ:ONMD) Insider Jeffrey Yu Purchases 158,730 Shares

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu bought 158,730 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of $0.63 per share, with a total value of $99,999.90. Following the completion of the purchase, the insider owned 8,780,410 shares in the company, valued at $5,531,658.30. This represents a 1.84% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, June 16th, Jeffrey Yu bought 172,414 shares of OneMedNet stock. The shares were bought at an average price of $0.58 per share, for a total transaction of $100,000.12.
• On Wednesday, April 1st, Jeffrey Yu purchased 903,614 shares of OneMedNet stock. The stock was bought at an average cost of $0.83 per share, for a total transaction of $749,999.62.

OneMedNet Stock Up 5.2%

OneMedNet stock opened at $0.63 on Thursday. The stock has a market capitalization of $34.35 million, a PE ratio of -12.62 and a beta of 1.12. OneMedNet Corporation has a twelve month low of $0.44 and a twelve month high of $4.22. The company has a 50 day moving average of $0.82 and a 200-day moving average of $0.91.

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

Institutional Trading of OneMedNet

Institutional investors have recently made changes to their positions in the business. HRT Financial LP acquired a new position in OneMedNet during the fourth quarter worth $32,000. Virtu Financial LLC bought a new stake in OneMedNet during the 4th quarter worth about $48,000. Jane Street Group LLC bought a new stake in OneMedNet during the 4th quarter worth about $119,000. State Street Corp boosted 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 buying an additional 34,200 shares during the last quarter. Finally, Exencial Wealth Advisors LLC boosted its stake 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. Institutional investors own 0.95% of the company’s stock.

Wall Street Analyst Weigh In

ONMD has been the topic of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of OneMedNet in a research note on Monday, June 1st. Wall Street Zen cut OneMedNet from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average 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.