Beamr Imaging (NASDAQ:BMR) Trading Up 1.8% – Still a Buy?

Shares of Beamr Imaging Ltd. (NASDAQ:BMR) rose 1.8% during trading on Thursday . The company traded as high as $1.78 and last traded at $1.73. Approximately 37,011 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 50,434 shares. The stock had previously closed at $1.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Beamr Imaging in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Beamr Imaging Trading Up 1.8%

The firm has a fifty day moving average price of $1.83 and a 200 day moving average price of $2.28.

Beamr Imaging (NASDAQ:BMR) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $1.01 million for the quarter.

Institutional Trading of Beamr Imaging

Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP increased its holdings in shares of Beamr Imaging by 15.2% during the 3rd quarter. Susquehanna International Group LLP now owns 57,450 shares of the company’s stock worth $176,000 after buying an additional 7,600 shares during the last quarter. Two Sigma Investments LP purchased a new position in Beamr Imaging in the third quarter worth approximately $33,000. Renaissance Technologies LLC grew its position in Beamr Imaging by 56.2% in the fourth quarter. Renaissance Technologies LLC now owns 41,700 shares of the company’s stock worth $65,000 after acquiring an additional 15,000 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Beamr Imaging during the first quarter worth $84,000. Hedge funds and other institutional investors own 0.71% of the company’s stock.

Beamr Imaging Company Profile

Beamr Imaging (NASDAQ: BMR) is a technology company specializing in perceptual image and video compression solutions. The company develops software encoders and cloud-based optimization tools that reduce file sizes while preserving visual quality. Its proprietary technology analyzes visual data in accordance with human perception, allowing media providers to deliver high-resolution content with lower bandwidth consumption.

Beamr’s product suite includes an image optimization SDK, a video encoder that supports multiple codecs, and an API for cloud integration.