Oscar Health, Inc. (NYSE:OSCR) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Oscar Health, Inc. (NYSE:OSCR) have been given an average rating of “Reduce” by the five brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.50.

OSCR has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Oscar Health from a “buy” rating to a “hold” rating in a report on Sunday. Wells Fargo & Company lowered Oscar Health from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $20.00 to $16.00 in a report on Thursday, March 13th. Finally, Piper Sandler cut their price objective on Oscar Health from $25.00 to $18.00 and set an “overweight” rating for the company in a report on Monday.

Insider Buying and Selling at Oscar Health

In other Oscar Health news, Director Elbert O. Jr. Robinson sold 25,000 shares of the company’s stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.39% of the stock is owned by corporate insiders.

Institutional Trading of Oscar Health

A number of hedge funds have recently bought and sold shares of OSCR. Jones Financial Companies Lllp lifted its stake in 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 buying an additional 2,242 shares in the last quarter. Strs Ohio purchased a new stake in Oscar Health during the first quarter valued at about $30,000. Larson Financial Group LLC lifted its stake in Oscar Health by 83,733.3% during 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 in the last quarter. CWM LLC lifted its stake in Oscar Health by 50.7% during 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in 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 valued at $45,000 after buying an additional 2,854 shares in the last quarter. 75.70% of the stock is owned by hedge funds and other institutional investors.

Oscar Health Stock Performance

OSCR stock opened at $14.67 on Wednesday. The company has a market capitalization of $3.73 billion, a P/E ratio of -732.88 and a beta of 1.73. The company has a 50-day simple moving average of $13.93 and a 200 day simple moving average of $14.52. Oscar Health has a fifty-two week low of $11.20 and a fifty-two week high of $23.79. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26.

Oscar Health (NYSE:OSCR) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.92 earnings per share for the quarter, topping 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 company’s quarterly revenue was up 42.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. Sell-side analysts predict that Oscar Health will post 0.69 earnings per share for the current fiscal 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.