Oscar Health, Inc. (NYSE:OSCR) Receives $16.50 Average PT from Analysts

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) has been given a consensus rating of "Reduce" by the five research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.50.

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Oscar Health from a "buy" rating to a "hold" rating in a report on Sunday, June 8th. Wells Fargo & Company downgraded shares of Oscar Health from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $20.00 to $16.00 in a report on Thursday, March 13th. Finally, Piper Sandler lowered their target price on shares of Oscar Health from $25.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 9th.

Insider Buying and Selling at Oscar Health

In other Oscar Health news, Director Elbert O. Jr. Robinson sold 25,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $16.43, for a total value of $410,750.00. Following the transaction, the director now directly owns 64,512 shares in the company, valued at $1,059,932.16. The trade was a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 24.39% of the company's stock.

Hedge Funds Weigh In On Oscar Health

Several institutional investors and hedge funds have recently modified their holdings of OSCR. Vontobel Holding Ltd. acquired a new position in shares of Oscar Health in the fourth quarter valued at about $370,000. Rhumbline Advisers grew its stake in shares of Oscar Health by 2.4% in the fourth quarter. Rhumbline Advisers now owns 271,227 shares of the company's stock valued at $3,645,000 after acquiring an additional 6,483 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Oscar Health by 6.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 116,555 shares of the company's stock valued at $1,566,000 after acquiring an additional 6,965 shares in the last quarter. Alberta Investment Management Corp acquired a new position in shares of Oscar Health in the fourth quarter valued at about $138,000. Finally, Ieq Capital LLC acquired a new position in shares of Oscar Health in the fourth quarter valued at about $203,000. 75.70% of the stock is currently owned by institutional investors and hedge funds.

Oscar Health Stock Down 2.7%

Shares of NYSE:OSCR traded down $0.39 during midday trading on Wednesday, hitting $13.95. The stock had a trading volume of 8,657,001 shares, compared to its average volume of 4,791,654. The company has a market cap of $3.55 billion, a P/E ratio of -697.10 and a beta of 1.73. Oscar Health has a 12 month low of $11.20 and a 12 month high of $23.79. The business's 50-day simple moving average is $14.03 and its 200-day simple moving average is $14.49. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26.

Oscar Health (NYSE:OSCR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.09. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.87 billion. Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. The firm's revenue for the quarter was up 42.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. On average, sell-side analysts forecast that Oscar Health will post 0.69 earnings per share for the current fiscal year.

About Oscar Health

Oscar Health, Inc operates as a health insurance in the United States. The company offers health plans in individual and small group markets, as well as +Oscar, a technology driven platform that help providers and payors directly enable their shift to value-based care. It also provides reinsurance products.