Oscar Health (OSCR) Set to Announce Earnings on Thursday

Oscar Health (NYSE:OSCRGet Rating) is set to release its earnings data after the market closes on Thursday, August 11th. Analysts expect Oscar Health to post earnings of ($0.73) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Oscar Health (NYSE:OSCRGet Rating) last released its earnings results on Tuesday, May 10th. The company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.04. Oscar Health had a negative return on equity of 37.23% and a negative net margin of 22.93%. The company had revenue of $972.77 million during the quarter, compared to analysts’ expectations of $803.04 million. During the same period last year, the firm earned ($0.98) EPS. On average, analysts expect Oscar Health to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Oscar Health Stock Up 6.5 %

Shares of Oscar Health stock opened at $5.88 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.22. Oscar Health has a 12 month low of $3.89 and a 12 month high of $18.89. The business has a fifty day simple moving average of $4.84 and a 200 day simple moving average of $6.57. The stock has a market cap of $1.24 billion, a PE ratio of -2.19 and a beta of 1.32.

Analyst Ratings Changes

OSCR has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on Oscar Health from $18.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, June 9th. Bank of America lowered Oscar Health from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $6.00 to $4.50 in a report on Wednesday, June 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oscar Health has an average rating of “Hold” and a consensus target price of $9.50.

Insider Activity

In other news, EVP Alessandrea C. Quane sold 11,300 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $5.01, for a total value of $56,613.00. Following the sale, the executive vice president now directly owns 131,018 shares in the company, valued at $656,400.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Alessandrea C. Quane sold 11,300 shares of the company’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $5.01, for a total transaction of $56,613.00. Following the sale, the executive vice president now owns 131,018 shares in the company, valued at $656,400.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Scott Blackley sold 19,546 shares of the company’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $5.01, for a total value of $97,925.46. Following the sale, the chief financial officer now owns 264,307 shares in the company, valued at approximately $1,324,178.07. The disclosure for this sale can be found here.

Hedge Funds Weigh In On Oscar Health

Several institutional investors and hedge funds have recently made changes to their positions in OSCR. Advisor Group Holdings Inc. grew its position in shares of Oscar Health by 157.5% in the first quarter. Advisor Group Holdings Inc. now owns 10,106 shares of the company’s stock valued at $101,000 after purchasing an additional 6,182 shares during the last quarter. Prelude Capital Management LLC acquired a new stake in Oscar Health during the first quarter worth approximately $136,000. Walleye Capital LLC acquired a new stake in Oscar Health during the first quarter worth approximately $140,000. Envestnet Asset Management Inc. acquired a new stake in Oscar Health during the first quarter worth approximately $164,000. Finally, Engineers Gate Manager LP acquired a new stake in Oscar Health during the first quarter worth approximately $181,000. Institutional investors and hedge funds own 98.65% of the company’s stock.

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.

See Also

Earnings History for Oscar Health (NYSE:OSCR)

Receive News & Ratings for Oscar Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oscar Health and related companies with MarketBeat.com's FREE daily email newsletter.