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

Shares of Oscar Health, Inc. (NYSE:OSCR) have been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $20.21.

Separately, Wells Fargo & Company lowered Oscar Health from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $20.00 to $16.00 in a research report on Thursday, March 13th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. increased its position in Oscar Health by 5.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 20,838 shares of the company’s stock valued at $280,000 after buying an additional 1,141 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Oscar Health by 4.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 28,362 shares of the company’s stock valued at $372,000 after buying an additional 1,250 shares in the last quarter. Arizona State Retirement System increased its position in Oscar Health by 3.1% during the 4th quarter. Arizona State Retirement System now owns 47,918 shares of the company’s stock valued at $644,000 after buying an additional 1,454 shares in the last quarter. Xponance Inc. increased its position in Oscar Health by 12.9% during the 4th quarter. Xponance Inc. now owns 14,394 shares of the company’s stock valued at $193,000 after buying an additional 1,649 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Oscar Health by 15.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,862 shares of the company’s stock valued at $186,000 after buying an additional 1,834 shares in the last quarter. 75.70% of the stock is owned by institutional investors and hedge funds.

Oscar Health Trading Up 2.9 %

NYSE OSCR opened at $12.59 on Tuesday. Oscar Health has a one year low of $11.20 and a one year high of $23.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -629.19 and a beta of 1.75. The company’s 50-day simple moving average is $13.49 and its two-hundred day simple moving average is $14.76.

Oscar Health (NYSE:OSCR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.07). Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. Equities analysts forecast that Oscar Health will post 0.69 EPS 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.