Wei-Li Shao Sells 4,036 Shares of Omada Health (NASDAQ:OMDA) Stock

Omada Health, Inc. (NASDAQ:OMDA) President Wei-Li Shao sold 4,036 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $21.85, for a total value of $88,186.60. Following the sale, the president owned 295,313 shares of the company’s stock, valued at $6,452,589.05. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Wei-Li Shao also recently made the following trade(s):

• On Wednesday, August 12th, Wei-Li Shao sold 8,866 shares of Omada Health stock. The stock was sold at an average price of $25.02, for a total transaction of $221,827.32.

Omada Health Stock Performance

Shares of OMDA stock traded up $0.84 during trading hours on Monday, reaching $20.50. The company had a trading volume of 961,447 shares, compared to its average volume of 1,250,359. The stock has a fifty day moving average of $22.63 and a 200-day moving average of $17.97. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 410.00 and a beta of 1.86. Omada Health, Inc. has a 12-month low of $10.28 and a 12-month high of $26.92.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OMDA shares. Morgan Stanley reiterated an “overweight” rating and set a $30.00 price target on shares of Omada Health in a report on Monday, June 22nd. Citizens Jmp increased their target price on shares of Omada Health from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research note on Friday, August 14th. BTIG Research restated a “buy” rating and issued a $35.00 price objective on shares of Omada Health in a report on Friday. Robert W. Baird increased their price objective on shares of Omada Health from $15.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $24.00 target price on shares of Omada Health in a report on Friday, August 7th. Eleven 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.67.

Hedge Funds Weigh In On Omada Health

Several hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc grew its position in Omada Health by 319.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,998 shares of the company’s stock valued at $66,000 after acquiring an additional 2,283 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Omada Health during the second quarter worth about $53,000. Legal & General Group Plc purchased a new position in shares of Omada Health in the second quarter valued at approximately $76,000. California State Teachers Retirement System grew its holdings in shares of Omada Health by 465.1% in the second quarter. California State Teachers Retirement System now owns 10,229 shares of the company’s stock valued at $225,000 after purchasing an additional 8,419 shares in the last quarter. Finally, Sectoral Asset Management Inc. increased its stake in Omada Health by 32.7% during the 4th quarter. Sectoral Asset Management Inc. now owns 36,500 shares of the company’s stock worth $576,000 after buying an additional 9,000 shares during the period.

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.