Jeffrey Yu Purchases 172,414 Shares of OneMedNet (NASDAQ:ONMD) Stock

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu bought 172,414 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $0.58 per share, for a total transaction of $100,000.12. Following the completion of the transaction, the insider directly owned 8,621,680 shares in the company, valued at approximately $5,000,574.40. This trade represents a 2.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was purchased at an average price of $0.83 per share, for a total transaction of $749,999.62.

OneMedNet Trading Down 7.2%

ONMD stock opened at $0.56 on Friday. The company has a market cap of $30.44 million, a PE ratio of -11.18 and a beta of 1.12. The stock has a 50-day moving average price of $0.84 and a two-hundred day moving average price of $0.94. OneMedNet Corporation has a 12-month low of $0.34 and a 12-month high of $4.22.

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

Wall Street Analysts Forecast Growth

ONMD has been the topic of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of OneMedNet in a report on Monday, June 1st. Wall Street Zen downgraded shares of OneMedNet from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, OneMedNet presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of OneMedNet in the fourth quarter worth about $119,000. Exencial Wealth Advisors LLC raised its holdings 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 valued at $4,009,000 after buying an additional 45,401 shares during the period. Virtu Financial LLC purchased a new stake in shares of OneMedNet during the 4th quarter valued at about $48,000. 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 worth $128,000 after acquiring an additional 34,200 shares in the last quarter. Finally, HRT Financial LP acquired a new position in OneMedNet during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 0.95% of the company’s stock.

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.