OneMedNet (NASDAQ:ONMD) Insider Jeffrey Yu Buys 15,000 Shares

OneMedNet Corporation (NASDAQ:ONMD) insider Jeffrey Yu acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $0.77 per share, with a total value of $11,550.00. Following the completion of the acquisition, the insider owned 6,768,910 shares in the company, valued at $5,212,060.70. This trade represents a 0.22% 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 Thursday, September 25th, Jeffrey Yu bought 1,250 shares of OneMedNet stock. The shares were purchased at an average cost of $1.03 per share, with a total value of $1,287.50.
• On Wednesday, September 24th, Jeffrey Yu purchased 17,200 shares of OneMedNet stock. The stock was acquired at an average cost of $1.02 per share, for a total transaction of $17,544.00.
• On Tuesday, September 23rd, Jeffrey Yu acquired 5,700 shares of OneMedNet stock. The stock was acquired at an average price of $0.93 per share, for a total transaction of $5,301.00.
• On Monday, September 22nd, Jeffrey Yu acquired 400 shares of OneMedNet stock. The shares were acquired at an average cost of $0.95 per share, with a total value of $380.00.
• On Friday, September 19th, Jeffrey Yu bought 1,250 shares of OneMedNet stock. The shares were acquired at an average price of $0.89 per share, with a total value of $1,112.50.
• On Thursday, September 18th, Jeffrey Yu bought 700 shares of OneMedNet stock. The stock was acquired at an average cost of $0.91 per share, for a total transaction of $637.00.
• On Friday, September 5th, Jeffrey Yu purchased 2,100 shares of OneMedNet stock. The stock was acquired at an average cost of $0.86 per share, for a total transaction of $1,806.00.
• On Thursday, September 4th, Jeffrey Yu acquired 11,810 shares of OneMedNet stock. The stock was acquired at an average cost of $0.87 per share, with a total value of $10,274.70.
• On Wednesday, September 3rd, Jeffrey Yu acquired 11,670 shares of OneMedNet stock. The stock was bought at an average price of $0.81 per share, for a total transaction of $9,452.70.
• On Tuesday, September 2nd, Jeffrey Yu bought 24,319 shares of OneMedNet stock. The shares were bought at an average price of $0.85 per share, with a total value of $20,671.15.

OneMedNet Stock Down 2.7%

OneMedNet stock traded down $0.04 during mid-day trading on Thursday, reaching $1.42. The company had a trading volume of 298,140 shares, compared to its average volume of 762,577. The firm has a market cap of $72.43 million, a price-to-earnings ratio of -28.40 and a beta of 1.09. The company has a 50 day moving average of $1.77 and a 200-day moving average of $0.99. OneMedNet Corporation has a 52 week low of $0.30 and a 52 week high of $4.22.

OneMedNet (NASDAQ:ONMD) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $0.18 million for the quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ONMD shares. Wall Street Zen raised OneMedNet to a “hold” rating in a report on Friday, September 26th. Weiss Ratings restated a “sell (d-)” rating on shares of OneMedNet in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, OneMedNet has a consensus rating of “Sell”.

Institutional Investors Weigh In On OneMedNet

Hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in OneMedNet in the third quarter valued at about $25,000. Exencial Wealth Advisors LLC increased its holdings in shares of OneMedNet by 3.1% during the second quarter. Exencial Wealth Advisors LLC now owns 1,491,862 shares of the company’s stock worth $851,000 after buying an additional 45,448 shares in the last quarter. Finally, Correct Capital Wealth Management bought a new position in shares of OneMedNet in the third quarter valued at approximately $4,910,000. Institutional investors and hedge funds own 0.95% of the company’s stock.

OneMedNet Company Profile

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.