Omada Health (NASDAQ:OMDA) CFO Steven Cook Sells 23,263 Shares of Stock

Omada Health, Inc. (NASDAQ:OMDA) CFO Steven Cook sold 23,263 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $22.76, for a total transaction of $529,465.88. Following the completion of the sale, the chief financial officer owned 187,209 shares of the company’s stock, valued at approximately $4,260,876.84. This represents a 11.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Omada Health Price Performance

Shares of OMDA opened at $22.98 on Thursday. The company has a market cap of $1.37 billion and a PE ratio of -85.11. The firm has a 50-day moving average of $17.83 and a 200-day moving average of $15.27. Omada Health, Inc. has a one year low of $10.28 and a one year high of $26.92.

Omada Health (NASDAQ:OMDA) last issued its earnings results on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating 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 company had revenue of $78.05 million for the quarter. Analysts expect that Omada Health, Inc. will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Perceptive Advisors LLC acquired a new stake in shares of Omada Health in the 2nd quarter valued at $44,402,000. Millennium Management LLC raised its holdings in shares of Omada Health by 1,195.0% during the 4th quarter. Millennium Management LLC now owns 2,272,168 shares of the company’s stock worth $35,855,000 after buying an additional 2,096,705 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Omada Health by 23.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,855,721 shares of the company’s stock worth $29,283,000 after buying an additional 346,588 shares during the last quarter. Divisadero Street Capital Management LP acquired a new stake in Omada Health in the third quarter valued at about $30,510,000. Finally, Jefferies Financial Group Inc. acquired a new stake in Omada Health in the fourth quarter valued at about $16,948,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Omada Health from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. JPMorgan Chase & Co. dropped their price objective on shares of Omada Health from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, March 12th. Weiss Ratings raised shares of Omada Health from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, June 26th. Morgan Stanley restated an “overweight” rating and set a $30.00 target price on shares of Omada Health in a research report on Monday, June 22nd. Finally, Citizens Jmp lifted their price target on shares of Omada Health from $18.00 to $21.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Ten investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus 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.