Knollwood Investment Advisory LLC Acquires New Holdings in Omada Health, Inc. $OMDA

Knollwood Investment Advisory LLC acquired a new stake in Omada Health, Inc. (NASDAQ:OMDA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 210,763 shares of the company’s stock, valued at approximately $3,326,000. Knollwood Investment Advisory LLC owned about 0.36% of Omada Health at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in Omada Health in the 4th quarter valued at approximately $29,000. TD Waterhouse Canada Inc. bought a new position in Omada Health in the 4th quarter valued at approximately $32,000. Raymond James Financial Inc. bought a new position in Omada Health in the 2nd quarter valued at approximately $32,000. Inlight Wealth Management LLC acquired a new position in shares of Omada Health during the fourth quarter worth $45,000. Finally, Strs Ohio lifted its holdings in shares of Omada Health by 151.0% during the fourth quarter. Strs Ohio now owns 4,267 shares of the company’s stock worth $67,000 after purchasing an additional 2,567 shares during the period.

Omada Health Stock Performance

Omada Health stock opened at $17.14 on Friday. Omada Health, Inc. has a 52-week low of $10.28 and a 52-week high of $26.92. The firm has a 50 day moving average price of $15.35 and a two-hundred day moving average price of $14.83. The firm has a market cap of $1.02 billion and a price-to-earnings ratio of -63.48.

Omada Health (NASDAQ:OMDA) last released its quarterly 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. Omada Health had a negative net margin of 2.22% and a negative return on equity of 1.82%. The firm had revenue of $78.05 million during the quarter. As a group, equities research analysts predict that Omada Health, Inc. will post -0.01 EPS for the current fiscal year.

Insider Transactions at Omada Health

In other Omada Health news, President Wei-Li Shao sold 2,829 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $12.71, for a total transaction of $35,956.59. Following the completion of the transaction, the president owned 328,850 shares in the company, valued at approximately $4,179,683.50. This trade represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 6.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OMDA. Morgan Stanley reduced their price objective on shares of Omada Health from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, March 6th. Citizens Jmp boosted their price objective on shares of Omada Health from $18.00 to $21.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Omada Health in a research note on Friday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective on shares of Omada Health in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Omada Health in a research note on Thursday, June 4th. Ten analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.91.

Omada Health Company Profile

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.