Oscar Health, Inc. (NYSE:OSCR) Receives Consensus Rating of “Hold” from Brokerages

Oscar Health, Inc. (NYSE:OSCRGet Rating) has received an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.33.

Several research firms have recently weighed in on OSCR. Wells Fargo & Company lowered Oscar Health from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $25.00 to $9.00 in a research report on Thursday, January 6th. Credit Suisse Group lowered their price objective on Oscar Health from $21.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, January 7th. Zacks Investment Research raised Oscar Health from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Thursday, April 14th. Finally, Morgan Stanley lowered their price objective on Oscar Health from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, March 28th.

NYSE:OSCR traded down $0.01 during trading hours on Tuesday, hitting $7.53. 3,674 shares of the company were exchanged, compared to its average volume of 846,031. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -2.30 and a beta of 0.75. Oscar Health has a one year low of $5.72 and a one year high of $29.70. The company has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $9.20.

Oscar Health (NYSE:OSCRGet Rating) last announced its earnings results on Thursday, February 10th. The company reported ($0.95) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.03) by $0.08. The business had revenue of $496.07 million during the quarter. Oscar Health had a negative return on equity of 35.39% and a negative net margin of 31.11%. On average, research analysts anticipate that Oscar Health will post -2.55 EPS for the current year.

In other Oscar Health news, CFO Richard Scott Blackley sold 19,204 shares of Oscar Health stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $7.33, for a total transaction of $140,765.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alessandrea C. Quane sold 49,355 shares of Oscar Health stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $7.18, for a total value of $354,368.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,912 shares of company stock valued at $658,944.

Institutional investors have recently bought and sold shares of the business. Sandy Spring Bank bought a new position in shares of Oscar Health during the 3rd quarter worth approximately $27,000. Advisor Group Holdings Inc. lifted its position in shares of Oscar Health by 116.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,924 shares of the company’s stock worth $30,000 after buying an additional 2,114 shares in the last quarter. Aquire Wealth Advisors LLC bought a new position in shares of Oscar Health during the 4th quarter worth approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Oscar Health in the 4th quarter worth approximately $47,000. Finally, Arizona State Retirement System bought a new stake in shares of Oscar Health in the 4th quarter worth approximately $91,000. 98.65% of the stock is currently owned by hedge funds and other institutional investors.

Oscar Health Company Profile (Get Rating)

Oscar Health, Inc provides health insurance products and services in the United States. The company offers Individual & Family, Small Group, and Medicare Advantage plans, as well as +Oscar, a technology driven platform designed to help providers and payor clients to engage with members and patients.

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Analyst Recommendations for Oscar Health (NYSE:OSCR)

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