Marpai (NASDAQ:MRAI) Issues Earnings Results

Marpai (NASDAQ:MRAI) issued its earnings results on Tuesday. The company reported ($0.65) earnings per share for the quarter, reports. Marpai had a negative net margin of 77.38% and a negative return on equity of 789.96%. The company had revenue of $8.71 million during the quarter.

Marpai Stock Performance

Shares of Marpai stock opened at $2.08 on Thursday. Marpai has a fifty-two week low of $0.33 and a fifty-two week high of $13.60. The company’s 50 day moving average price is $1.63 and its two-hundred day moving average price is $1.31.

Insider Buying and Selling at Marpai

In related news, CEO Damien Lamendola bought 1,100,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were purchased at an average price of $0.92 per share, for a total transaction of $1,012,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,951,306 shares of the company’s stock, valued at approximately $1,795,201.52. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have purchased 2,022,100 shares of company stock worth $2,524,632 over the last quarter. Corporate insiders own 61.30% of the company’s stock.

Hedge Funds Weigh In On Marpai

An institutional investor recently raised its position in Marpai stock. Vanguard Group Inc. grew its holdings in shares of Marpai, Inc. (NASDAQ:MRAI) by 63.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 363,332 shares of the company’s stock after acquiring an additional 140,407 shares during the period. Vanguard Group Inc. owned about 1.79% of Marpai worth $654,000 as of its most recent SEC filing. Institutional investors own 49.75% of the company’s stock.

About Marpai

Marpai, Inc, a technology-driven healthcare payer, focuses on providing services to the self-insured employer market in the United States and Israel. The company offers ancillary services, such as care management, case management, actuarial services, health savings account administration, bill review and cost containment services.