Optimum Communications (NYSE:OPTU) Shares Gap Down – Here’s What Happened

Posted by George Bondi on May 13th, 2026

Optimum Communications, Inc. (NYSE:OPTU – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $1.13, but opened at $1.08. Optimum Communications shares last traded at $1.1050, with a volume of 810,755 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup reduced their price objective on shares of Optimum Communications from $1.90 to $1.50 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings raised shares of Optimum Communications from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, April 29th. Zacks Research upgraded Optimum Communications from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 16th. Evercore set a $1.25 target price on Optimum Communications in a research note on Tuesday. Finally, Benchmark cut shares of Optimum Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $1.19.

View Our Latest Stock Report on OPTU

Optimum Communications Price Performance

The stock has a market capitalization of $454.70 million, a PE ratio of -0.10 and a beta of 1.56. The business has a 50 day moving average price of $1.41 and a 200 day moving average price of $1.66.

Optimum Communications (NYSE:OPTU – Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.12) earnings per share. On average, equities analysts expect that Optimum Communications, Inc. will post -1.91 earnings per share for the current year.

Insider Activity

In related news, General Counsel Michael Olsen sold 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $1.60, for a total value of $400,000.00. Following the transaction, the general counsel owned 1,496,277 shares of the company’s stock, valued at approximately $2,394,043.20. This trade represents a 14.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 310,000 shares of company stock valued at $485,600 over the last quarter. Company insiders own 44.60% of the company’s stock.

Institutional Trading of Optimum Communications

Several hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Optimum Communications by 50.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,300 shares of the company’s stock worth $39,000 after purchasing an additional 5,156 shares during the period. Man Group plc increased its holdings in Optimum Communications by 6.4% during the 2nd quarter. Man Group plc now owns 101,736 shares of the company’s stock worth $218,000 after purchasing an additional 6,137 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Optimum Communications by 1.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 644,142 shares of the company’s stock worth $1,713,000 after purchasing an additional 7,470 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Optimum Communications by 41.6% in the 2nd quarter. Lazard Asset Management LLC now owns 28,667 shares of the company’s stock valued at $61,000 after purchasing an additional 8,420 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of Optimum Communications by 28.0% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 43,905 shares of the company’s stock valued at $103,000 after purchasing an additional 9,598 shares in the last quarter. Institutional investors own 54.85% of the company’s stock.

About Optimum Communications

(Get Free Report)

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company’s video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.