Quantbot Technologies LP bought a new position in Omada Health, Inc. (NASDAQ:OMDA – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 77,200 shares of the company’s stock, valued at approximately $1,695,000.
A number of other large investors have also recently added to or reduced their stakes in OMDA. Quarry LP bought a new position in shares of Omada Health in the fourth quarter valued at approximately $29,000. TD Waterhouse Canada Inc. bought a new stake in shares of Omada Health during the 4th quarter worth $32,000. Raymond James Financial Inc. bought a new stake in shares of Omada Health during the 2nd quarter worth $32,000. Versant Capital Management Inc grew its stake in 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 buying an additional 2,283 shares during the last quarter. Finally, Strs Ohio grew its stake in Omada Health by 151.0% in the 4th quarter. Strs Ohio now owns 4,267 shares of the company’s stock valued at $67,000 after buying an additional 2,567 shares during the last quarter.
Omada Health Trading Up 0.8%
Shares of OMDA stock opened at $24.08 on Tuesday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 481.60 and a beta of 1.73. Omada Health, Inc. has a 1 year low of $10.28 and a 1 year high of $26.92. The firm’s fifty day simple moving average is $21.75 and its 200 day simple moving average is $16.87.
Insider Transactions at Omada Health
In related news, CEO Sean P. Duffy sold 25,886 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $22.68, for a total value of $587,094.48. Following the completion of the sale, the chief executive officer owned 411,861 shares in the company, valued at approximately $9,341,007.48. This trade represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven L. Cook sold 33,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $19.89, for a total value of $656,370.00. Following the transaction, the chief financial officer owned 133,359 shares in the company, valued at $2,652,510.51. This represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 254,726 shares of company stock valued at $5,370,496 in the last ninety days. 6.38% of the stock is owned by company insiders.
Analysts Set New Price Targets
OMDA has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price 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 issued a $28.00 price target on shares of Omada Health in a research report on Friday, May 8th. Weiss Ratings upgraded Omada Health from a “sell (e+)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Evercore reissued an “outperform” rating and set a $20.00 price objective on shares of Omada Health in a research report on Friday, May 8th. Finally, Barclays increased their target price on Omada Health from $20.00 to $25.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.50.
Check Out Our Latest Report on Omada Health
Omada Health Profile
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.
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