Oscar Health (NYSE:OSCR) Price Target Lowered to $11.00 at Barclays

Oscar Health (NYSE:OSCR - Free Report) had its price target cut by Barclays from $17.00 to $11.00 in a research note released on Wednesday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other brokerages have also issued reports on OSCR. Raymond James Financial lowered shares of Oscar Health from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. Wall Street Zen lowered shares of Oscar Health from a "buy" rating to a "hold" rating in a report on Sunday, June 8th. UBS Group reissued a "sell" rating and issued a $11.00 target price (down from $15.00) on shares of Oscar Health in a report on Tuesday, July 15th. Wells Fargo & Company downgraded Oscar Health from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $16.00 to $10.00 in a research report on Friday, July 11th. Finally, Piper Sandler downgraded Oscar Health from an "overweight" rating to a "neutral" rating and set a $14.00 price target for the company. in a research report on Monday, July 14th. Five research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.21.

Oscar Health Price Performance

Shares of Oscar Health stock traded up $0.25 on Wednesday, reaching $14.45. The stock had a trading volume of 27,810,569 shares, compared to its average volume of 39,649,032. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $15.99 and its two-hundred day moving average is $14.92. The company has a market cap of $3.68 billion, a P/E ratio of 51.59 and a beta of 1.90. Oscar Health has a 1 year low of $11.20 and a 1 year high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.09. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.87 billion. Oscar Health had a return on equity of 10.59% and a net margin of 1.22%. The business's quarterly revenue was up 42.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. As a group, research analysts anticipate that Oscar Health will post 0.69 EPS for the current year.

Insider Activity

In other 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 transaction of $410,750.00. Following the completion of the sale, the director owned 64,512 shares of the company's stock, valued at $1,059,932.16. This represents a 27.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 24.39% of the stock is owned by insiders.

Institutional Trading of Oscar Health

Hedge funds have recently made changes to their positions in the business. LRI Investments LLC grew its position in Oscar Health by 377.9% in 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 last quarter. Jones Financial Companies Lllp lifted its holdings in 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 acquiring an additional 2,242 shares during the period. Strs Ohio acquired a new stake in Oscar Health in the first quarter valued at $30,000. Larson Financial Group LLC lifted 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 acquiring an additional 2,512 shares during the period. Finally, CWM LLC lifted its holdings in 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 acquiring an additional 1,078 shares during the period. Institutional investors and hedge funds own 75.70% of the company's stock.

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.