Omada Health, Inc.'s Quiet Period To Expire on July 16th (NASDAQ:OMDA)

Omada Health's (NASDAQ:OMDA - Get Free Report) quiet period is set to expire on Wednesday, July 16th. Omada Health had issued 7,900,000 shares in its initial public offering on June 6th. The total size of the offering was $150,100,000 based on an initial share price of $19.00. During Omada Health's quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OMDA. Wall Street Zen upgraded shares of Omada Health to a "hold" rating in a research report on Monday, June 16th. Barclays initiated coverage on shares of Omada Health in a research report on Tuesday, July 1st. They set an "overweight" rating and a $21.00 price objective for the company. Morgan Stanley initiated coverage on shares of Omada Health in a report on Tuesday, July 1st. They issued an "overweight" rating and a $25.00 target price on the stock. Needham & Company LLC initiated coverage on shares of Omada Health in a report on Tuesday, July 1st. They issued a "buy" rating and a $23.00 target price on the stock. Finally, Evercore ISI lifted their target price on shares of Omada Health from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.86.

Omada Health Trading Down 1.4%

Shares of Omada Health stock traded down $0.25 on Friday, hitting $17.67. The company's stock had a trading volume of 505,055 shares, compared to its average volume of 646,052. Omada Health has a 52-week low of $14.14 and a 52-week high of $28.40.

Omada Health Company Profile

Omada's mission is to bend the curve. Our hope is that, one day, tomorrow's epidemiologists will notice a bend in disease curves, wonder what might be happening, and conclude that part of that impact has been Omada. As part of that mission, we strive to inspire and enable people to make lasting health changes on their own terms.