Beamr Imaging (NASDAQ:BMR) Shares Down 0.8% – Here’s Why

Beamr Imaging Ltd. (NASDAQ:BMR)’s share price dropped 0.8% during trading on Thursday . The company traded as low as $1.28 and last traded at $1.32. Approximately 29,128 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 54,490 shares. The stock had previously closed at $1.33.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Beamr Imaging in a research note on Thursday, August 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Beamr Imaging Stock Up 2.3%

The stock’s fifty day simple moving average is $1.29 and its 200-day simple moving average is $1.56.

Beamr Imaging (NASDAQ:BMR) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $0.44 million for the quarter.

Insiders Place Their Bets

In other news, CEO Sharon Carmel acquired 82,650 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were acquired at an average cost of $1.28 per share, with a total value of $105,792.00. Following the completion of the acquisition, the chief executive officer owned 3,650,840 shares of the company’s stock, valued at approximately $4,673,075.20. This trade represents a 2.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Beamr Imaging

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in Beamr Imaging in the 1st quarter worth approximately $84,000. Two Sigma Investments LP acquired a new stake in shares of Beamr Imaging in the third quarter worth $33,000. Susquehanna International Group LLP raised its holdings in shares of Beamr Imaging by 15.2% during the third quarter. Susquehanna International Group LLP now owns 57,450 shares of the company’s stock worth $176,000 after purchasing an additional 7,600 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Beamr Imaging by 56.2% during the fourth quarter. Renaissance Technologies LLC now owns 41,700 shares of the company’s stock worth $65,000 after purchasing an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 0.71% of the company’s stock.

Beamr Imaging Company Profile

Beamr Imaging (NASDAQ: BMR) is a technology company specializing in perceptual image and video compression solutions. The company develops software encoders and cloud-based optimization tools that reduce file sizes while preserving visual quality. Its proprietary technology analyzes visual data in accordance with human perception, allowing media providers to deliver high-resolution content with lower bandwidth consumption.

Beamr’s product suite includes an image optimization SDK, a video encoder that supports multiple codecs, and an API for cloud integration.