Helios and Matheson Analytics Inc (NASDAQ:HMNY) fell 0.6% on Wednesday . The stock traded as low as $7.00 and last traded at $7.92. 1,565,513 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 6,612,849 shares. The stock had previously closed at $7.97.

Separately, Maxim Group reissued a “buy” rating and issued a $25.00 price target on shares of Helios and Matheson Analytics in a research note on Wednesday, January 3rd.

In other news, Director Muralikrishna Gadiyaram sold 170,000 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $13.00, for a total value of $2,210,000.00. Following the completion of the sale, the director now owns 750,000 shares of the company’s stock, valued at $9,750,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 29.00% of the company’s stock.

A hedge fund recently bought a new stake in Helios and Matheson Analytics stock. Phoenix Investment Adviser LLC bought a new stake in shares of Helios and Matheson Analytics Inc (NASDAQ:HMNY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,000 shares of the information technology services provider’s stock, valued at approximately $584,000. Helios and Matheson Analytics makes up approximately 0.5% of Phoenix Investment Adviser LLC’s investment portfolio, making the stock its 29th largest holding. Phoenix Investment Adviser LLC owned 0.48% of Helios and Matheson Analytics at the end of the most recent reporting period. Institutional investors own 1.39% of the company’s stock.

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About Helios and Matheson Analytics

Helios and Matheson Analytics Inc is an information technology services company. The Company offers its clients a suite of services of predictive analytics with technology. The Company provides offerings in the areas of application value management, application development, integration, independent validation, infrastructure and information management, and analytics services.

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