Key Points
- Director George Parmer bought 243,902 shares of Amesite at $1.44 each, spending about $351,219 and increasing his direct stake by 75.5% to 566,962 shares.
- Amesite shares fell 4.6% and were trading at $0.79, near the stock’s 52-week low of $0.77, with the company still carrying a very small market cap of about $3.59 million.
- The company recently reported a smaller-than-expected loss of $0.15 per share versus analysts’ estimate of a $0.96 loss, though revenue came in below expectations at $80,000 and sentiment remains weak with a consensus Sell rating.
Amesite Inc. (NASDAQ:AMST - Get Free Report) Director George Parmer acquired 243,902 shares of the business's stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average cost of $1.44 per share, for a total transaction of $351,218.88. Following the completion of the transaction, the director directly owned 566,962 shares in the company, valued at $816,425.28. The trade was a 75.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Amesite Stock Down 4.6%
Shares of NASDAQ AMST opened at $0.79 on Tuesday. The firm's 50-day moving average price is $1.51 and its 200-day moving average price is $1.98. The company has a market cap of $3.59 million, a PE ratio of -1.23 and a beta of 0.86. Amesite Inc. has a 52-week low of $0.77 and a 52-week high of $4.78.
Amesite (NASDAQ:AMST - Get Free Report) last announced its quarterly earnings results on Monday, May 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.96) by $0.81. The firm had revenue of $0.08 million for the quarter, compared to the consensus estimate of $0.25 million. Amesite had a negative net margin of 1,024.91% and a negative return on equity of 118.33%.
Hedge Funds Weigh In On Amesite
A hedge fund recently bought a new stake in Amesite stock. HRT Financial LP bought a new position in shares of Amesite Inc. (NASDAQ:AMST - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,040 shares of the company's stock, valued at approximately $41,000. HRT Financial LP owned 0.48% of Amesite at the end of the most recent quarter. Institutional investors own 3.60% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Amesite from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, May 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Amesite has a consensus rating of "Sell".
Check Out Our Latest Stock Report on AMST
About Amesite
(
Get Free Report)
Amesite, Inc (NASDAQ: AMST) is a software company specializing in AI-driven digital learning and training solutions. Its cloud-based platform enables organizations to create, manage and deliver customized online courses and professional development programs. Leveraging machine learning and natural language processing, the platform offers real-time analytics, adaptive content recommendations, multimedia assessments and community collaboration tools to support both synchronous and asynchronous learning.
The company's primary end markets include corporate enterprises, higher education institutions, government agencies and nonprofit organizations.
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