OneMedNet (NASDAQ:ONMD) Director Thomas Kosasa Purchases 595,238 Shares

OneMedNet Corporation (NASDAQ:ONMD) Director Thomas Kosasa acquired 595,238 shares of the company’s stock in a transaction on Friday, February 6th. The stock was bought at an average cost of $0.84 per share, with a total value of $499,999.92. Following the completion of the acquisition, the director directly owned 16,380,429 shares in the company, valued at approximately $13,759,560.36. This represents a 3.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, April 23rd, Thomas Kosasa bought 280,898 shares of OneMedNet stock. The shares were bought at an average price of $0.89 per share, with a total value of $249,999.22.

OneMedNet Stock Up 24.1%

Shares of ONMD traded up $0.21 during trading hours on Friday, hitting $1.10. 821,198 shares of the company were exchanged, compared to its average volume of 3,251,295. OneMedNet Corporation has a fifty-two week low of $0.31 and a fifty-two week high of $4.22. The company has a market cap of $57.58 million, a price-to-earnings ratio of -15.76 and a beta of 1.16. The firm’s fifty day moving average is $0.79 and its 200 day moving average is $1.26.

OneMedNet (NASDAQ:ONMD) last posted its quarterly earnings results on Monday, March 30th. The company reported ($0.07) EPS for the quarter. The company had revenue of $0.89 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneMedNet in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On OneMedNet

Hedge funds and other institutional investors have recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of OneMedNet during the 3rd quarter worth $25,000. HRT Financial LP acquired a new stake in OneMedNet in the fourth quarter valued at about $32,000. Virtu Financial LLC bought a new position in OneMedNet in the fourth quarter valued at about $48,000. Jane Street Group LLC acquired a new position in OneMedNet during the fourth quarter worth about $119,000. Finally, State Street Corp raised its stake in OneMedNet by 41.5% during the fourth quarter. State Street Corp now owns 116,700 shares of the company’s stock worth $128,000 after acquiring an additional 34,200 shares in the last quarter. Institutional investors 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. OneMedNet Corporation is based in Eden Prairie, Minnesota.