Oscar Health, Inc. (NYSE:OSCR) Receives $20.08 Consensus Target Price from Brokerages

Shares of Oscar Health, Inc. (NYSE:OSCR - Get Free Report) have received an average recommendation of "Hold" from the seven analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $20.08.

Several research analysts have recently weighed in on the stock. Wells Fargo & Company downgraded shares of Oscar Health from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $20.00 to $16.00 in a research note on Thursday, March 13th. Wall Street Zen downgraded shares of Oscar Health from a "buy" rating to a "hold" rating in a research note on Thursday.

Oscar Health Stock Down 3.4%

Shares of OSCR stock traded down $0.50 on Friday, hitting $14.36. The stock had a trading volume of 8,446,287 shares, compared to its average volume of 4,291,503. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -717.44 and a beta of 1.75. The stock's 50 day moving average is $13.63 and its 200-day moving average is $14.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. Oscar Health has a 52-week low of $11.20 and a 52-week high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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 0.28% and a return on equity of 2.28%. The business's quarterly revenue was up 42.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. As a group, research analysts expect that Oscar Health will post 0.69 earnings per share for the current year.

Insider Buying and Selling at Oscar Health

In other Oscar Health news, Director Elbert O. Jr. Robinson sold 25,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $16.43, for a total transaction of $410,750.00. Following the sale, the director now directly owns 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 available at the SEC website. 24.39% of the stock is currently owned by insiders.

Institutional Trading of Oscar Health

A number of institutional investors and hedge funds have recently modified their holdings of OSCR. Jones Financial Companies Lllp raised its holdings 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 worth $30,000 after purchasing an additional 2,242 shares during the period. Larson Financial Group LLC raised its holdings in shares of Oscar Health by 83,733.3% during the first quarter. Larson Financial Group LLC now owns 2,515 shares of the company's stock worth $33,000 after purchasing an additional 2,512 shares during the period. CWM LLC raised its holdings in shares of Oscar Health by 50.7% during the first quarter. CWM LLC now owns 3,204 shares of the company's stock worth $42,000 after purchasing an additional 1,078 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in shares of Oscar Health by 484.6% during the first quarter. Caitong International Asset Management Co. Ltd now owns 3,443 shares of the company's stock worth $45,000 after purchasing an additional 2,854 shares during the period. Finally, Cliffwater LLC acquired a new stake in shares of Oscar Health during the first quarter worth $58,000. 75.70% of the stock is owned by institutional investors and hedge funds.

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.