Marpai (NASDAQ:MRAI) Posts Quarterly Earnings Results

Marpai (NASDAQ:MRAIGet Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.46) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $7.39 million during the quarter.

Marpai Stock Performance

Marpai stock traded down $0.14 during trading on Friday, hitting $2.24. The company’s stock had a trading volume of 159,149 shares, compared to its average volume of 101,616. The stock’s fifty day moving average is $2.24 and its 200 day moving average is $1.67. Marpai has a 1-year low of $0.33 and a 1-year high of $3.46.

Insider Activity at Marpai

In other Marpai news, CEO Damien Lamendola bought 910,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was purchased at an average cost of $1.65 per share, for a total transaction of $1,501,500.00. Following the completion of the purchase, the chief executive officer now owns 2,861,306 shares of the company’s stock, valued at approximately $4,721,154.90. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 61.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upgraded Marpai from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Thursday, March 28th.

Check Out Our Latest Stock Report on Marpai

About Marpai

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Marpai, Inc, a technology-driven healthcare payer, focuses on providing services to the self-insured employer market in the United States and Israel. The company offers ancillary services, such as care management, case management, actuarial services, health savings account administration, bill review and cost containment services.

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Earnings History for Marpai (NASDAQ:MRAI)

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