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

Shares of Oscar Health, Inc. (NYSE:OSCR) have been assigned a consensus rating of “Reduce” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $16.58.

A number of analysts have weighed in on the company. Raymond James Financial lowered Oscar Health from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 24th. Piper Sandler lowered their target price on Oscar Health from $25.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 9th. Wells Fargo & Company lowered Oscar Health from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $20.00 to $16.00 in a report on Thursday, March 13th. Barclays assumed coverage on Oscar Health in a report on Wednesday. They set an “underweight” rating and a $17.00 target price for the company. Finally, Wall Street Zen lowered Oscar Health from a “buy” rating to a “hold” rating in a report on Sunday, June 8th.

Oscar Health Stock Down 0.6%

Shares of NYSE OSCR opened at $16.52 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 59.00 and a beta of 1.90. The stock has a 50 day moving average price of $16.02 and a 200 day moving average price of $14.81. Oscar Health has a 52-week low of $11.20 and a 52-week high of $23.79.

Oscar Health (NYSE:OSCR) last posted its earnings results on Wednesday, May 7th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The company 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%. Oscar Health’s revenue was up 42.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. Sell-side analysts expect that Oscar Health will post 0.69 earnings per share 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 stock was sold at an average price of $16.43, for a total transaction of $410,750.00. Following the transaction, the director directly owned 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 SEC, which is accessible through this hyperlink. Insiders own 24.39% of the company’s stock.

Hedge Funds Weigh In On Oscar Health

Large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in Oscar Health by 7,473.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company’s stock worth $30,000 after acquiring an additional 2,242 shares during the last quarter. Strs Ohio purchased a new position in Oscar Health in the 1st quarter worth $30,000. Larson Financial Group LLC raised its stake in Oscar Health by 83,733.3% in the 1st quarter. Larson Financial Group LLC now owns 2,515 shares of the company’s stock worth $33,000 after acquiring an additional 2,512 shares during the last quarter. CWM LLC raised its stake in Oscar Health by 50.7% in the 1st quarter. CWM LLC now owns 3,204 shares of the company’s stock worth $42,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Oscar Health by 484.6% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,443 shares of the company’s stock worth $45,000 after acquiring an additional 2,854 shares during the last quarter. 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.