Omada Health, Inc. (NASDAQ:OMDA - Get Free Report) CFO Steven Cook sold 12,337 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $23.09, for a total transaction of $284,861.33. Following the completion of the transaction, the chief financial officer directly owned 187,209 shares in the company, valued at $4,322,655.81. The trade was a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Omada Health Stock Performance
Omada Health stock opened at $22.98 on Thursday. Omada Health, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $26.92. The stock has a market cap of $1.37 billion and a P/E ratio of -85.11. The firm's fifty day moving average price is $17.83 and its 200-day moving average price is $15.27.
Omada Health (NASDAQ:OMDA - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $78.05 million during the quarter. Omada Health had a negative net margin of 2.22% and a negative return on equity of 1.82%. On average, analysts predict that Omada Health, Inc. will post -0.01 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Perceptive Advisors LLC bought a new stake in shares of Omada Health in the 2nd quarter valued at about $44,402,000. Millennium Management LLC grew its position in Omada Health by 1,195.0% during the 4th quarter. Millennium Management LLC now owns 2,272,168 shares of the company's stock worth $35,855,000 after acquiring an additional 2,096,705 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Omada Health by 23.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,855,721 shares of the company's stock worth $29,283,000 after acquiring an additional 346,588 shares during the last quarter. Divisadero Street Capital Management LP purchased a new position in Omada Health in the 3rd quarter worth approximately $30,510,000. Finally, Jefferies Financial Group Inc. purchased a new position in Omada Health in the 4th quarter worth approximately $16,948,000.
Analysts Set New Price Targets
Several brokerages have recently commented on OMDA. Citigroup reiterated an "outperform" rating on shares of Omada Health in a research report on Friday, May 8th. Evercore restated an "outperform" rating and issued a $20.00 target price on shares of Omada Health in a research report on Friday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $28.00 target price on shares of Omada Health in a research note on Friday, May 8th. Citizens Jmp increased their price target on shares of Omada Health from $18.00 to $21.00 and gave the company a "market outperform" rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Omada Health from a "hold" rating to a "buy" rating in a report on Saturday, June 27th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Omada Health currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.91.
Get Our Latest Report on OMDA
About Omada Health
(
Get Free Report)
Omada Health is a digital health company that specializes in the prevention and management of chronic conditions through personalized, technology-driven programs. The company's platform combines data analytics, behavioral science and human coaching to support individuals at risk for or living with conditions such as prediabetes, type 2 diabetes, hypertension and musculoskeletal disorders. Participants access the program via a mobile app or web portal, where they receive tailored curriculum, feedback on health metrics and ongoing virtual coaching.
In addition to its core disease-management offerings, Omada Health has expanded its services to include mental health support and digital therapeutics for weight management.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
