Oscar Health, Inc. (NYSE:OSCR) Receives $12.07 Consensus Price Target from Analysts

Key Points

• Oscar Health, Inc. has received a consensus recommendation of "Strong Sell" from nine research firms, with five analysts issuing sell ratings and four giving hold ratings.
• The average twelve-month target price for Oscar Health shares is approximately $12.07, indicating a significant decrease in analyst expectations.
• In their latest earnings report, Oscar Health reported a net loss of ($0.89) EPS, beating expectations slightly while also showing a 29% year-over-year increase in revenue.

Shares of Oscar Health, Inc. (NYSE:OSCR - Get Free Report) have earned a consensus rating of "Strong Sell" from the nine research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $12.0714.

A number of research firms recently commented on OSCR. Wall Street Zen cut Oscar Health from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Baird R W lowered Oscar Health from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Barclays dropped their price target on Oscar Health from $17.00 to $11.00 and set an "underweight" rating for the company in a research note on Wednesday, July 23rd. UBS Group reaffirmed a "sell" rating and issued a $11.00 price objective (down from $15.00) on shares of Oscar Health in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company downgraded Oscar Health from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $16.00 to $10.00 in a report on Friday, July 11th.

Oscar Health Trading Down 0.7%

Shares of OSCR stock traded down $0.14 during trading hours on Friday, reaching $18.97. The company's stock had a trading volume of 17,336,897 shares, compared to its average volume of 16,224,456. The stock has a market capitalization of $4.90 billion, a P/E ratio of -23.42 and a beta of 1.87. Oscar Health has a one year low of $11.20 and a one year high of $23.79. The firm's fifty day simple moving average is $16.19 and its 200 day simple moving average is $15.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.26.

Oscar Health (NYSE:OSCR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.89) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.01. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.88 billion. Oscar Health had a negative return on equity of 13.78% and a negative net margin of 1.50%.The firm's revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. Equities research analysts expect that Oscar Health will post 0.69 EPS for the current year.

Institutional Trading of Oscar Health

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LRI Investments LLC boosted its position in shares of Oscar Health by 377.9% in the 2nd quarter. LRI Investments LLC now owns 1,233 shares of the company's stock worth $26,000 after purchasing an additional 975 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Oscar Health by 7,473.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company's stock valued at $30,000 after purchasing an additional 2,242 shares in the last quarter. Strs Ohio purchased a new stake in Oscar Health during the 1st quarter worth approximately $30,000. Larson Financial Group LLC increased its stake in Oscar Health by 83,733.3% during the 1st quarter. Larson Financial Group LLC now owns 2,515 shares of the company's stock worth $33,000 after buying an additional 2,512 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Oscar Health during the 2nd quarter worth approximately $33,000. 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.