Omada Health (NASDAQ:OMDA) CFO Sells $148,648.00 in Stock

Omada Health, Inc. (NASDAQ:OMDA) CFO Steven Cook sold 6,800 shares of the stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $21.86, for a total transaction of $148,648.00. Following the completion of the sale, the chief financial officer owned 173,906 shares in the company, valued at $3,801,585.16. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Omada Health Stock Up 4.3%

Shares of NASDAQ:OMDA traded up $0.84 during midday trading on Monday, reaching $20.50. 961,447 shares of the company were exchanged, compared to its average volume of 1,250,359. The firm has a market cap of $1.26 billion, a PE ratio of 410.00 and a beta of 1.86. Omada Health, Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $26.92. The stock has a fifty day simple moving average of $22.63 and a two-hundred day simple moving average of $17.97.

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

Hedge Funds Weigh In On Omada Health

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Omada Health in the second quarter valued at about $53,000. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 2,283 shares during the period. Legal & General Group Plc bought a new stake in shares of Omada Health during the 2nd quarter valued at $76,000. Fifth Third Bancorp purchased a new stake in Omada Health in the first quarter worth about $127,000. Finally, Entropy Technologies LP purchased a new stake in shares of Omada Health in the 1st quarter worth approximately $194,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OMDA. Wall Street Zen raised shares of Omada Health from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. 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 boosted their price target 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. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Omada Health in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Omada Health from $26.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Eleven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Omada Health currently has an average rating of “Moderate Buy” and a consensus price target of $26.67.

About Omada Health

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.