Oscar Health, Inc. (NYSE:OSCR) Receives Average Recommendation of "Reduce" from Analysts

Shares of Oscar Health, Inc. (NYSE:OSCR - Get Free Report) have earned an average rating of "Reduce" from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.58.

A number of equities research 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 research note on Sunday, June 8th. Raymond James Financial downgraded shares of Oscar Health from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Piper Sandler dropped their price target on shares of Oscar Health from $25.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Barclays assumed coverage on shares of Oscar Health in a research note on Wednesday, July 2nd. They set an "underweight" rating and a $17.00 price target for the company. Finally, Wells Fargo & Company downgraded shares of Oscar Health from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $20.00 to $16.00 in a research note on Thursday, March 13th.

Oscar Health Price Performance

Shares of NYSE OSCR traded down $0.32 during trading on Friday, reaching $16.15. The company had a trading volume of 7,995,293 shares, compared to its average volume of 6,286,132. Oscar Health has a 52 week low of $11.20 and a 52 week high of $23.79. The stock has a market cap of $4.11 billion, a PE ratio of 57.93 and a beta of 1.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 0.88. The business's 50 day moving average price is $16.02 and its 200-day moving average price is $14.82.

Oscar Health (NYSE:OSCR - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $2.87 billion. Oscar Health had a net margin of 1.22% and a return on equity of 10.59%. Oscar Health's revenue for the quarter was up 42.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. Analysts expect that Oscar Health will post 0.69 earnings per share for the current year.

Insider Buying and Selling

In other Oscar Health news, Director Elbert O. Jr. Robinson sold 25,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 64,512 shares of the company's stock, valued at approximately $1,059,932.16. This represents a 27.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 25.11% of the company's stock.

Institutional Investors Weigh In On Oscar Health

Several large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in shares of Oscar Health by 7,473.3% in the first quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company's stock valued at $30,000 after buying an additional 2,242 shares during the period. Strs Ohio acquired a new position in shares of Oscar Health in the first quarter valued at approximately $30,000. Larson Financial Group LLC boosted its holdings in shares of Oscar Health by 83,733.3% in the first quarter. Larson Financial Group LLC now owns 2,515 shares of the company's stock valued at $33,000 after buying an additional 2,512 shares during the period. CWM LLC boosted its holdings in shares of Oscar Health by 50.7% in the first quarter. CWM LLC now owns 3,204 shares of the company's stock valued at $42,000 after buying an additional 1,078 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Oscar Health by 484.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,443 shares of the company's stock valued at $45,000 after buying an additional 2,854 shares during the period. Institutional investors own 75.70% of the company's stock.

Oscar Health Company Profile

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.