Oscar Health, Inc. (NYSE:OSCR) Given Consensus Recommendation of "Strong Sell" by 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.

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) has received a consensus recommendation of "Strong Sell" from the nine ratings firms that are covering the stock, 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 1 year price target among analysts that have issued ratings on the stock in the last year is $12.0714.

A number of equities research analysts have recently commented on the company. Robert W. Baird reaffirmed a "neutral" rating and issued a $14.00 price objective (down previously from $28.00) on shares of Oscar Health in a research report on Friday, July 25th. Wall Street Zen downgraded Oscar Health from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Barclays cut their price objective on Oscar Health from $17.00 to $11.00 and set an "underweight" rating on the stock in a report on Wednesday, July 23rd. Raymond James Financial downgraded shares of Oscar Health from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 24th. Finally, Baird R W cut shares of Oscar Health from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LRI Investments LLC raised its holdings in shares of Oscar Health by 377.9% during the 2nd quarter. LRI Investments LLC now owns 1,233 shares of the company's stock valued at $26,000 after buying an additional 975 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Oscar Health during the 2nd quarter worth $33,000. Jones Financial Companies Lllp grew its stake in shares of Oscar Health by 7,473.3% during the first quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company's stock valued at $30,000 after acquiring an additional 2,242 shares in the last quarter. Strs Ohio purchased a new stake in shares of Oscar Health during the first quarter worth about $30,000. Finally, Larson Financial Group LLC boosted its holdings in 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 purchasing an additional 2,512 shares during the last quarter. Institutional investors and hedge funds own 75.70% of the company's stock.

Oscar Health Price Performance

Oscar Health stock traded down $0.47 during midday trading on Friday, reaching $18.50. 18,329,575 shares of the company were exchanged, compared to its average volume of 16,117,552. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of -22.84 and a beta of 1.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.86 and a current ratio of 0.86. The firm's 50-day simple moving average is $16.26 and its 200-day simple moving average is $15.28. Oscar Health has a 1 year low of $11.20 and a 1 year high of $23.09.

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

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.