Insider Selling: Omada Health (NASDAQ:OMDA) CAO Sells 2,083 Shares

Omada Health, Inc. (NASDAQ:OMDA) CAO Craig Gracey sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $18.00, for a total transaction of $37,494.00. Following the completion of the sale, the chief accounting officer directly owned 7,108 shares in the company, valued at $127,944. This trade represents a 22.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Craig Gracey also recently made the following trade(s):

• On Friday, June 12th, Craig Gracey sold 6,894 shares of Omada Health stock. The stock was sold at an average price of $17.42, for a total transaction of $120,093.48.

Omada Health Price Performance

Shares of NASDAQ:OMDA traded up $0.28 during mid-day trading on Wednesday, reaching $18.58. 706,805 shares of the company were exchanged, compared to its average volume of 1,201,429. Omada Health, Inc. has a 1 year low of $10.28 and a 1 year high of $26.92. The firm’s 50-day simple moving average is $16.09 and its 200 day simple moving average is $14.79. The firm has a market cap of $1.10 billion and a price-to-earnings ratio of -68.81.

Omada Health (NASDAQ:OMDA) last announced 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 return on equity of 1.82% and a negative net margin of 2.22%.The company had revenue of $78.05 million for the quarter. On average, research analysts forecast that Omada Health, Inc. will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Omada Health

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new stake in Omada Health in the fourth quarter valued at approximately $29,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Omada Health in the 4th quarter valued at $32,000. Raymond James Financial Inc. purchased a new stake in shares of Omada Health during the 2nd quarter worth $32,000. Inlight Wealth Management LLC acquired a new position in shares of Omada Health during the fourth quarter worth $45,000. Finally, Strs Ohio increased its holdings in Omada Health by 151.0% in the fourth 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.

Analyst Upgrades and Downgrades

OMDA has been the subject of a number of research analyst reports. Evercore restated an “outperform” rating and set a $20.00 target price on shares of Omada Health in a report on Friday, May 8th. JPMorgan Chase & Co. reduced their price target on shares of Omada Health from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Canaccord Genuity Group set a $24.00 price objective on shares of Omada Health in a research note on Friday, May 8th. Barclays upped their target price on shares of Omada Health from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Omada Health in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.