Option Care Health, Inc. (NASDAQ:OPCH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Option Care Health, Inc. (NASDAQ:OPCH) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $30.83.

OPCH has been the topic of several research analyst reports. Truist Financial lowered their price target on Option Care Health from $41.00 to $34.00 and set a “buy” rating on the stock in a research report on Friday. Jefferies Financial Group downgraded shares of Option Care Health from a “buy” rating to a “hold” rating and reduced their price target for the company from $38.00 to $26.00 in a research report on Thursday. JMP Securities lifted their price objective on shares of Option Care Health from $36.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, September 30th. The Goldman Sachs Group downgraded Option Care Health from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Monday. Finally, Bank of America cut Option Care Health from a “buy” rating to a “neutral” rating and lowered their target price for the company from $43.00 to $29.00 in a research note on Wednesday, October 30th.

Insiders Place Their Bets

In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $30.95, for a total transaction of $718,566.15. Following the transaction, the chief financial officer now directly owns 247,317 shares of the company’s stock, valued at $7,654,461.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $30.95, for a total transaction of $718,566.15. Following the completion of the sale, the chief financial officer now directly owns 247,317 shares in the company, valued at $7,654,461.15. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth Quadros Betten sold 47,531 shares of Option Care Health stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $31.09, for a total value of $1,477,738.79. Following the completion of the transaction, the director now directly owns 21,339 shares in the company, valued at approximately $663,429.51. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Option Care Health

Institutional investors have recently added to or reduced their stakes in the company. Norden Group LLC raised its stake in shares of Option Care Health by 42.3% in the first quarter. Norden Group LLC now owns 15,138 shares of the company’s stock worth $508,000 after acquiring an additional 4,501 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in shares of Option Care Health during the first quarter worth $307,000. FORA Capital LLC raised its holdings in Option Care Health by 109.7% during the 1st quarter. FORA Capital LLC now owns 23,011 shares of the company’s stock worth $772,000 after purchasing an additional 12,037 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Option Care Health during the 1st quarter valued at about $464,000. Finally, Texas Permanent School Fund Corp lifted its holdings in Option Care Health by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 155,023 shares of the company’s stock valued at $5,199,000 after buying an additional 2,008 shares during the period. 98.05% of the stock is owned by institutional investors.

Option Care Health Stock Performance

OPCH stock traded down $1.31 during trading on Monday, reaching $22.80. 260,433 shares of the company’s stock were exchanged, compared to its average volume of 1,467,324. Option Care Health has a 1-year low of $22.54 and a 1-year high of $34.63. The firm has a market cap of $3.88 billion, a PE ratio of 19.16, a P/E/G ratio of 1.74 and a beta of 1.32. The company’s fifty day moving average price is $30.49 and its 200-day moving average price is $29.91. The company has a quick ratio of 1.36, a current ratio of 1.73 and a debt-to-equity ratio of 0.77.

Option Care Health Company Profile

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn’s disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.