Omada Health (NASDAQ:OMDA) Stock Price Up 4.5% – Should You Buy?

Shares of Omada Health, Inc. (NASDAQ:OMDA) rose 4.5% on Friday . The stock traded as high as $16.96 and last traded at $16.79. Approximately 84,455 shares were traded during trading, a decline of 91% from the average daily volume of 941,152 shares. The stock had previously closed at $16.06.

Analyst Ratings Changes

A number of brokerages recently weighed in on OMDA. Weiss Ratings restated a “sell (d)” rating on shares of Omada Health in a report on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating and issued a $26.00 target price on shares of Omada Health in a report on Friday, January 16th. Evercore ISI upped their target price on Omada Health from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Morgan Stanley set a $32.00 price target on Omada Health in a research note on Thursday, December 18th. Finally, BMO Capital Markets assumed coverage on shares of Omada Health in a research report on Thursday, November 13th. They issued an “outperform” rating and a $27.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $25.10.

Omada Health Price Performance

The stock has a market capitalization of $957.25 million and a price-to-earnings ratio of -66.12. The stock’s 50 day simple moving average is $16.45 and its 200-day simple moving average is $19.89.

Insider Activity at Omada Health

In other news, CEO Sean P. Duffy sold 40,796 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $15.95, for a total value of $650,696.20. Following the completion of the sale, the chief executive officer directly owned 126,644 shares in the company, valued at approximately $2,019,971.80. The trade was a 24.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Wei-Li Shao sold 5,618 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $16.13, for a total transaction of $90,618.34. Following the completion of the transaction, the president owned 69,079 shares in the company, valued at $1,114,244.27. The trade was a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 276,893 shares of company stock valued at $4,336,787.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Omada Health during the 2nd quarter valued at $32,000. Strs Ohio bought a new position in shares of Omada Health during the 3rd quarter worth about $38,000. Rakuten Investment Management Inc. acquired a new position in shares of Omada Health during the third quarter valued at about $49,000. JPMorgan Chase & Co. bought a new stake in shares of Omada Health in the third quarter valued at about $82,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Omada Health during the third quarter worth about $95,000.

Omada Health Company 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.