OneMedNet Corporation (NASDAQ:ONMD – Get Free Report) insider Jeffrey Yu acquired 158,730 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of $0.63 per share, with a total value of $99,999.90. Following the transaction, the insider owned 8,780,410 shares in the company, valued at approximately $5,531,658.30. The trade was a 1.84% increase in their position. The transaction was disclosed in a legal filing 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 acquired 172,414 shares of OneMedNet stock. The stock was acquired at an average cost of $0.58 per share, for a total transaction of $100,000.12.
- On Wednesday, April 1st, Jeffrey Yu bought 903,614 shares of OneMedNet stock. The shares were acquired at an average price of $0.83 per share, for a total transaction of $749,999.62.
OneMedNet Stock Performance
Shares of ONMD stock opened at $0.60 on Wednesday. OneMedNet Corporation has a 52 week low of $0.44 and a 52 week high of $4.22. The stock has a market capitalization of $32.66 million, a PE ratio of -12.00 and a beta of 1.12. The stock’s fifty day moving average is $0.83 and its 200-day moving average is $0.92.
Hedge Funds Weigh In On OneMedNet
Hedge funds have recently added to or reduced their stakes in the company. Exencial Wealth Advisors LLC increased its position in OneMedNet by 1.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 3,644,861 shares of the company’s stock worth $4,009,000 after purchasing an additional 45,401 shares during the period. State Street Corp lifted 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. Jane Street Group LLC acquired a new position in OneMedNet during the 4th quarter valued at about $119,000. Virtu Financial LLC bought a new position in shares of OneMedNet in the 4th quarter valued at about $48,000. Finally, HRT Financial LP bought a new position in shares of OneMedNet in the 4th quarter valued at about $32,000. Institutional investors own 0.95% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on ONMD. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneMedNet in a research report on Monday, June 1st. Wall Street Zen cut shares of 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Check Out Our Latest Analysis on ONMD
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.
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