Yelin Lapidot Holdings Management Ltd. Reduces Stock Holdings in Odysight.ai Inc. $ODYS

Yelin Lapidot Holdings Management Ltd. cut its holdings in Odysight.ai Inc. (NASDAQ:ODYS) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,335 shares of the company’s stock after selling 19,434 shares during the period. Yelin Lapidot Holdings Management Ltd. owned about 1.29% of Odysight.ai worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Phoenix Financial Ltd. acquired a new position in Odysight.ai during the first quarter worth about $15,263,000. Y.D. More Investments Ltd acquired a new position in shares of Odysight.ai during the 1st quarter worth approximately $11,870,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new stake in Odysight.ai in the 1st quarter valued at approximately $4,383,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new stake in Odysight.ai in the 1st quarter valued at approximately $1,375,000. Finally, Hohimer Wealth Management LLC acquired a new stake in Odysight.ai during the 1st quarter valued at $168,000. 19.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Y.D. More Investments Ltd sold 14,312 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $3.55, for a total value of $50,807.60. Following the completion of the sale, the insider owned 700,828 shares of the company’s stock, valued at approximately $2,487,939.40. The trade was a 2.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 29,212 shares of company stock worth $101,615. 46.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Odysight.ai in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.00.

Odysight.ai Price Performance

Odysight.ai stock opened at $3.27 on Friday. The firm’s fifty day moving average price is $3.86 and its 200 day moving average price is $4.53. The company has a market capitalization of $53.46 million, a price-to-earnings ratio of -3.08 and a beta of 0.35. Odysight.ai Inc. has a 12-month low of $2.60 and a 12-month high of $10.80.

Odysight.ai (NASDAQ:ODYS) last announced its earnings results on Wednesday, August 13th. The company reported ($0.25) earnings per share (EPS) for the quarter. Odysight.ai had a negative return on equity of 54.92% and a negative net margin of 293.91%.The business had revenue of $0.36 million for the quarter.

Odysight.ai Company Profile

Odysight.ai, Inc engages in the development and manufacture of customized visual solutions for organizations across a variety of industries in the form of micro cameras and supplementary technologies. Its devices can used across the medical, aerospace, industrial, research, and defense industries. The company was founded on March 22, 2013 and is headquartered in Omer, Israel.