Steven Cook Sells 6,800 Shares of Omada Health (NASDAQ:OMDA) Stock

Omada Health, Inc. (NASDAQ:OMDA) CFO Steven Cook sold 6,800 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $21.86, for a total value of $148,648.00. Following the completion of the transaction, the chief financial officer directly owned 173,906 shares in the company, valued at approximately $3,801,585.16. This represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Omada Health Price Performance

Shares of NASDAQ:OMDA traded up $0.84 during mid-day trading on Monday, reaching $20.50. 961,447 shares of the company traded hands, compared to its average volume of 1,250,359. The firm has a market cap of $1.26 billion, a PE ratio of 410.00 and a beta of 1.86. Omada Health, Inc. has a 52 week low of $10.28 and a 52 week high of $26.92. The company’s 50 day moving average price is $22.63 and its 200-day moving average price is $17.97.

Omada Health (NASDAQ:OMDA) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.10. The company had revenue of $87.83 million for the quarter, compared to the consensus estimate of $80.93 million. Omada Health had a net margin of 1.39% and a return on equity of 2.60%. On average, research analysts predict that Omada Health, Inc. will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Omada Health

Institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in Omada Health in the 2nd quarter valued at about $53,000. Versant Capital Management Inc increased its stake in Omada Health by 319.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,998 shares of the company’s stock worth $66,000 after buying an additional 2,283 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Omada Health during the second quarter valued at approximately $76,000. The Manufacturers Life Insurance Company purchased a new position in shares of Omada Health in the second quarter valued at approximately $215,000. Finally, Fifth Third Bancorp purchased a new position in shares of Omada Health in the first quarter valued at approximately $127,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on OMDA shares. Wall Street Zen raised Omada Health from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. BMO Capital Markets restated an “outperform” rating and set a $24.00 target price on shares of Omada Health in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their price target on Omada Health from $26.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Citigroup restated an “outperform” rating on shares of Omada Health in a research note on Friday, August 14th. Finally, Citizens Jmp increased their price objective on shares of Omada Health from $27.00 to $32.00 and gave the company a “market outperform” rating in a research report on Friday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Omada Health presently has an average rating of “Moderate Buy” and an average price target of $26.67.

Omada Health Company Profile

Omada Health, Inc is a digital health company that provides virtual care programs for people managing chronic conditions. Its platform combines clinical care, health coaching, connected devices, digital tools and personalized support to help members improve health outcomes and manage conditions over time.

The company’s offerings address areas including diabetes, hypertension, weight health and musculoskeletal conditions. Omada’s programs are designed to support prevention and ongoing care through services such as remote monitoring, personalized health guidance, educational content and access to healthcare professionals.

Omada primarily serves members through employers, health plans and healthcare organizations in the United States.