OneMedNet (NASDAQ:ONMD) Director Acquires 1,449,275 Shares

OneMedNet Corporation (NASDAQ:ONMD) Director Thomas Kosasa purchased 1,449,275 shares of the stock in a transaction dated Thursday, July 30th. The stock was purchased at an average price of $0.69 per share, with a total value of $999,999.75. Following the completion of the acquisition, the director directly owned 18,538,150 shares in the company, valued at approximately $12,791,323.50. The trade was a 8.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Thomas Kosasa also recently made the following trade(s):

• On Friday, June 12th, Thomas Kosasa acquired 158,730 shares of OneMedNet stock. The shares were purchased at an average price of $0.63 per share, for a total transaction of $99,999.90.
• On Monday, May 18th, Thomas Kosasa acquired 268,817 shares of OneMedNet stock. The stock was acquired at an average cost of $0.93 per share, with a total value of $249,999.81.

OneMedNet Stock Performance

Shares of OneMedNet stock traded down $0.03 during trading hours on Friday, reaching $0.62. The company’s stock had a trading volume of 1,789,156 shares, compared to its average volume of 2,223,079. OneMedNet Corporation has a one year low of $0.44 and a one year high of $4.22. The company’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.78. The stock has a market cap of $35.57 million, a P/E ratio of -12.49 and a beta of 1.14.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. HRT Financial LP acquired a new stake in shares of OneMedNet in the fourth quarter valued at approximately $32,000. Virtu Financial LLC acquired a new position in shares of OneMedNet during the fourth quarter worth approximately $48,000. Jane Street Group LLC bought a new position in OneMedNet in the 4th quarter worth approximately $119,000. State Street Corp grew its holdings in OneMedNet by 41.5% in the 4th quarter. State Street Corp now owns 116,700 shares of the company’s stock worth $128,000 after buying an additional 34,200 shares in the last quarter. Finally, Exencial Wealth Advisors LLC increased its position in OneMedNet by 1.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 3,644,861 shares of the company’s stock valued at $4,009,000 after acquiring an additional 45,401 shares during the period. 0.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of OneMedNet in a report on Monday, June 1st. Wall Street Zen downgraded OneMedNet from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, OneMedNet presently 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.