Option Care Health (NASDAQ:OPCH) Reaches New 1-Year Low - What's Next?

Option Care Health, Inc. (NASDAQ:OPCH - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $22.30 and last traded at $22.43, with a volume of 50356 shares changing hands. The stock had previously closed at $22.49.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OPCH shares. Jefferies Financial Group lowered shares of Option Care Health from a "buy" rating to a "hold" rating and dropped their price objective for the company from $38.00 to $26.00 in a research note on Thursday, October 31st. Truist Financial dropped their price target on shares of Option Care Health from $41.00 to $34.00 and set a "buy" rating for the company in a research note on Friday. Bank of America lowered shares of Option Care Health from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $43.00 to $29.00 in a research note on Wednesday, October 30th. JMP Securities lifted their price target on shares of Option Care Health from $36.00 to $37.00 and gave the stock a "market outperform" rating in a research note on Monday, September 30th. Finally, Barrington Research dropped their price target on shares of Option Care Health from $40.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.83.

Option Care Health Trading Down 0.8 %

The company has a quick ratio of 1.32, a current ratio of 1.73 and a debt-to-equity ratio of 0.77. The firm's 50 day simple moving average is $30.14 and its two-hundred day simple moving average is $29.79. The stock has a market cap of $3.80 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.90 and a beta of 1.32.

Insider Activity

In other news, Director Elizabeth Quadros Betten sold 47,531 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $31.09, for a total transaction of $1,477,738.79. Following the completion of the transaction, the director now owns 21,339 shares of the company's stock, valued at approximately $663,429.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Michael H. Shapiro sold 23,217 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $30.95, for a total transaction of $718,566.15. Following the completion of the transaction, the chief financial officer now owns 247,317 shares of the company's stock, valued at approximately $7,654,461.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth Quadros Betten sold 47,531 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $31.09, for a total transaction of $1,477,738.79. Following the transaction, the director now directly owns 21,339 shares of the company's stock, valued at approximately $663,429.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Option Care Health

Several institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its holdings in Option Care Health by 9.1% in the second quarter. Thrivent Financial for Lutherans now owns 5,459,119 shares of the company's stock worth $151,218,000 after purchasing an additional 455,310 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Option Care Health by 15.4% in the first quarter. Westfield Capital Management Co. LP now owns 5,171,385 shares of the company's stock worth $173,448,000 after purchasing an additional 688,653 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Option Care Health by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,605,271 shares of the company's stock worth $99,870,000 after purchasing an additional 218,844 shares during the period. Magnetar Financial LLC lifted its holdings in Option Care Health by 124.8% in the second quarter. Magnetar Financial LLC now owns 2,481,935 shares of the company's stock worth $68,750,000 after purchasing an additional 1,377,929 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Option Care Health in the second quarter worth about $68,003,000. Institutional investors and hedge funds own 98.05% of the company's stock.

Option Care Health Company Profile

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.