Thomas Kosasa Buys 158,730 Shares of OneMedNet (NASDAQ:ONMD) Stock

OneMedNet Corporation (NASDAQ:ONMD) Director Thomas Kosasa acquired 158,730 shares of the business’s stock in a transaction on Friday, June 12th. The shares were bought at an average price of $0.63 per share, with a total value of $99,999.90. Following the completion of the transaction, the director directly owned 17,088,874 shares of the company’s stock, valued at approximately $10,765,990.62. The trade was a 0.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, May 18th, Thomas Kosasa acquired 268,817 shares of OneMedNet stock. The shares were bought at an average price of $0.93 per share, with a total value of $249,999.81.
• On Thursday, April 23rd, Thomas Kosasa purchased 280,898 shares of OneMedNet stock. The shares were acquired at an average cost of $0.89 per share, for a total transaction of $249,999.22.

OneMedNet Stock Performance

NASDAQ:ONMD opened at $0.54 on Monday. OneMedNet Corporation has a 52 week low of $0.31 and a 52 week high of $4.22. The firm has a market cap of $29.58 million, a price-to-earnings ratio of -10.87 and a beta of 1.12. The firm’s 50-day simple moving average is $0.87 and its 200 day simple moving average is $0.97.

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

Institutional Investors Weigh In On OneMedNet

Several hedge funds have recently added to or reduced their stakes in ONMD. Jane Street Group LLC acquired a new stake in OneMedNet during the 4th quarter worth approximately $119,000. Exencial Wealth Advisors LLC boosted its position in OneMedNet by 1.3% during the 4th quarter. Exencial Wealth Advisors LLC now owns 3,644,861 shares of the company’s stock worth $4,009,000 after buying an additional 45,401 shares during the period. Virtu Financial LLC acquired a new stake in OneMedNet during the 4th quarter worth approximately $48,000. State Street Corp boosted its position in OneMedNet by 41.5% during 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 during the period. Finally, HRT Financial LP acquired a new stake in OneMedNet during the 4th quarter worth approximately $32,000. 0.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ONMD. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OneMedNet in a research report on Monday, June 1st. Wall Street Zen downgraded shares of OneMedNet from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average 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.