Insider Buying: OneMedNet (NASDAQ:ONMD) Insider Purchases $100,000.12 in Stock

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu acquired 172,414 shares of OneMedNet stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of $0.58 per share, with a total value of $100,000.12. Following the purchase, the insider owned 8,621,680 shares in the company, valued at $5,000,574.40. This represents a 2.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, April 1st, Jeffrey Yu bought 903,614 shares of OneMedNet stock. The shares were bought at an average cost of $0.83 per share, for a total transaction of $749,999.62.

OneMedNet Stock Performance

OneMedNet stock opened at $0.56 on Friday. The business’s 50-day simple moving average is $0.84 and its two-hundred day simple moving average is $0.94. The company has a market cap of $30.44 million, a PE ratio of -11.18 and a beta of 1.12. OneMedNet Corporation has a fifty-two week low of $0.34 and a fifty-two week high of $4.22.

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

Hedge Funds Weigh In On OneMedNet

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of OneMedNet in the 4th quarter valued at about $119,000. Exencial Wealth Advisors LLC grew its position in shares of OneMedNet by 1.3% during the fourth 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 in the last quarter. Virtu Financial LLC purchased a new stake in shares of OneMedNet during the fourth quarter worth approximately $48,000. State Street Corp raised its holdings in OneMedNet by 41.5% in the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock valued at $128,000 after acquiring an additional 34,200 shares in the last quarter. Finally, HRT Financial LP purchased a new position in OneMedNet in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 0.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ONMD. Wall Street Zen cut shares of OneMedNet from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of OneMedNet in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About OneMedNet

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.