OneMedNet (NASDAQ:ONMD) Insider Jeffrey Yu Purchases 142,857 Shares

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu acquired 142,857 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $0.63 per share, with a total value of $89,999.91. Following the completion of the acquisition, the insider owned 8,923,267 shares in the company, valued at $5,621,658.21. This trade represents a 1.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, June 23rd, Jeffrey Yu bought 158,730 shares of OneMedNet stock. The stock was purchased at an average price of $0.63 per share, for a total transaction of $99,999.90.
• On Tuesday, June 16th, Jeffrey Yu acquired 172,414 shares of OneMedNet stock. The shares were acquired at an average cost of $0.58 per share, with a total value of $100,000.12.

OneMedNet Stock Performance

Shares of ONMD opened at $0.67 on Tuesday. The company has a 50-day simple moving average of $0.66 and a 200-day simple moving average of $0.75. OneMedNet Corporation has a 52 week low of $0.49 and a 52 week high of $4.22. The firm has a market capitalization of $39.72 million, a P/E ratio of -4.19 and a beta of 1.12.

OneMedNet (NASDAQ:ONMD) last issued its earnings results on Friday, August 14th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.29 million during the quarter.

Wall Street Analysts Forecast Growth

ONMD has been the topic of several recent analyst reports. Weiss Ratings raised OneMedNet from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 24th. Wall Street Zen lowered OneMedNet from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.