Option Care Health (NASDAQ:OPCH) Given New $37.00 Price Target at JMP Securities

Option Care Health (NASDAQ:OPCH) had its target price hoisted by JMP Securities from $36.00 to $37.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a market outperform rating on the stock.

Separately, Barrington Research lifted their price objective on shares of Option Care Health from $38.00 to $40.00 and gave the stock an outperform rating in a report on Thursday, August 1st.

Option Care Health Price Performance

Option Care Health stock opened at $29.28 on Monday. The business has a 50-day simple moving average of $31.21 and a 200 day simple moving average of $30.38. Option Care Health has a 52 week low of $26.11 and a 52 week high of $34.63. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.42 and a beta of 1.29. The company has a quick ratio of 1.36, a current ratio of 1.76 and a debt-to-equity ratio of 0.78.

Option Care Health (NASDAQ:OPCH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.17 billion. Option Care Health had a return on equity of 14.82% and a net margin of 4.60%. Option Care Health’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, research analysts forecast that Option Care Health will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 247,317 shares in the company, valued at $7,654,461.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Option Care Health news, CFO Michael H. Shapiro sold 23,217 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 247,317 shares in the company, valued at $7,654,461.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Elizabeth Quadros Betten sold 47,531 shares of Option Care Health stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $31.09, for a total value of $1,477,738.79. Following the completion of the transaction, the director now owns 21,339 shares in the company, valued at approximately $663,429.51. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

Institutional Trading of Option Care Health

Institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group raised its holdings in Option Care Health by 7.3% during the 4th quarter. Schroder Investment Management Group now owns 1,417,591 shares of the company’s stock valued at $47,759,000 after buying an additional 96,587 shares during the last quarter. Congress Asset Management Co. MA raised its stake in shares of Option Care Health by 37.2% during the fourth quarter. Congress Asset Management Co. MA now owns 203,569 shares of the company’s stock valued at $6,858,000 after acquiring an additional 55,233 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Option Care Health by 317.9% during the second quarter. Harbor Capital Advisors Inc. now owns 96,375 shares of the company’s stock worth $2,670,000 after purchasing an additional 73,312 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Option Care Health by 40.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 394,254 shares of the company’s stock worth $13,282,000 after purchasing an additional 114,509 shares during the last quarter. Finally, Rheos Capital Works Inc. grew its stake in shares of Option Care Health by 9.8% in the first quarter. Rheos Capital Works Inc. now owns 357,600 shares of the company’s stock worth $11,994,000 after purchasing an additional 32,000 shares during the last quarter. Hedge funds and other institutional investors own 98.05% of the company’s stock.

About Option Care Health

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.