JMP Securities Reiterates Market Outperform Rating for Option Care Health (NASDAQ:OPCH)

Option Care Health (NASDAQ:OPCH)‘s stock had its “market outperform” rating reiterated by JMP Securities in a note issued to investors on Friday,Benzinga reports. They presently have a $30.00 price objective on the stock, down from their previous price objective of $31.00. JMP Securities’ price target would suggest a potential upside of 23.66% from the company’s current price.

OPCH has been the topic of several other research reports. Jefferies Financial Group lowered Option Care Health from a “buy” rating to a “hold” rating and cut their target price for the company from $38.00 to $26.00 in a research note on Thursday, October 31st. Bank of America lowered Option Care Health from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $43.00 to $29.00 in a research note on Wednesday, October 30th. The Goldman Sachs Group downgraded Option Care Health from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $27.00 in a report on Monday, November 4th. Barrington Research decreased their target price on Option Care Health from $40.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Truist Financial decreased their target price on Option Care Health from $41.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Option Care Health currently has a consensus rating of “Hold” and a consensus target price of $29.14.

Option Care Health Stock Up 0.5 %

Shares of OPCH stock traded up $0.12 on Friday, hitting $24.26. The stock had a trading volume of 274,018 shares, compared to its average volume of 1,210,375. The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $23.10 and a 200 day moving average price of $27.73. The company has a market cap of $4.13 billion, a PE ratio of 20.39, a P/E/G ratio of 2.43 and a beta of 1.31. Option Care Health has a one year low of $21.39 and a one year high of $34.63.

Insider Transactions at Option Care Health

In other news, Director Harry M. Jansen Kraemer, Jr. purchased 43,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $22.54 per share, for a total transaction of $969,220.00. Following the completion of the transaction, the director now owns 326,334 shares of the company’s stock, valued at $7,355,568.36. This trade represents a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Option Care Health

Several large investors have recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in Option Care Health by 937.5% in the 3rd quarter. UMB Bank n.a. now owns 830 shares of the company’s stock valued at $26,000 after buying an additional 750 shares in the last quarter. GAMMA Investing LLC grew its holdings in Option Care Health by 110.6% in the 3rd quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock valued at $28,000 after buying an additional 471 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Option Care Health by 3,362.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,489 shares of the company’s stock worth $47,000 after purchasing an additional 1,446 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Option Care Health by 3,029.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,848 shares of the company’s stock worth $91,000 after purchasing an additional 2,757 shares during the period. Finally, Quarry LP grew its holdings in shares of Option Care Health by 327.7% during the 3rd quarter. Quarry LP now owns 3,430 shares of the company’s stock worth $107,000 after purchasing an additional 2,628 shares during the period. 98.05% of the stock is currently owned by hedge funds and other institutional investors.

About Option Care Health

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.