Omada Health (NASDAQ:OMDA) CFO Sells 2,600 Shares of Stock

Omada Health, Inc. (NASDAQ:OMDA) CFO Steven Cook sold 2,600 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $19.02, for a total value of $49,452.00. Following the sale, the chief financial officer owned 166,659 shares of the company’s stock, valued at approximately $3,169,854.18. This represents a 1.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Omada Health Trading Up 10.5%

Shares of OMDA stock traded up $1.99 during trading hours on Friday, reaching $20.89. 3,310,497 shares of the company’s stock were exchanged, compared to its average volume of 946,807. The stock has a market cap of $1.24 billion and a PE ratio of -77.37. Omada Health, Inc. has a 1 year low of $10.28 and a 1 year high of $26.92. The stock’s fifty day moving average price is $16.51 and its two-hundred day moving average price is $14.85.

Omada Health (NASDAQ:OMDA) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $78.05 million during the quarter. On average, equities analysts expect that Omada Health, Inc. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Omada Health

Several institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Omada Health in the fourth quarter valued at approximately $29,000. TD Waterhouse Canada Inc. acquired a new stake in Omada Health in the fourth quarter valued at $32,000. Raymond James Financial Inc. acquired a new stake in shares of Omada Health during the 2nd quarter worth about $32,000. Inlight Wealth Management LLC purchased a new stake in shares of Omada Health during the 4th quarter worth approximately $45,000. Finally, Strs Ohio lifted its position in shares of Omada Health by 151.0% during the 4th quarter. Strs Ohio now owns 4,267 shares of the company’s stock worth $67,000 after buying an additional 2,567 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets reduced their price target on Omada Health from $27.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Wall Street Zen lowered shares of Omada Health from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. Citizens Jmp boosted their price target on Omada Health from $18.00 to $21.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. cut their price objective on shares of Omada Health from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, March 12th. Finally, Wells Fargo & Company raised their price objective on shares of Omada Health from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Omada Health presently has an average rating of “Moderate Buy” and an average target price of $22.91.

About Omada Health

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.