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

Shares of Oscar Health, Inc. (NYSE:OSCR) have received an average rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.21.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered shares of Oscar Health from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $20.00 to $16.00 in a report on Thursday, March 13th. Jefferies Financial Group initiated coverage on shares of Oscar Health in a report on Tuesday, December 10th. They issued an “underperform” rating and a $12.00 price objective for the company.

Oscar Health Price Performance

Shares of OSCR opened at $12.97 on Friday. The business’s 50-day moving average is $14.79 and its two-hundred day moving average is $15.94. The company has a market capitalization of $3.25 billion, a P/E ratio of -648.28 and a beta of 1.75. Oscar Health has a fifty-two week low of $12.43 and a fifty-two week 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.

Oscar Health (NYSE:OSCR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share 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%. Research analysts predict that Oscar Health will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On Oscar Health

Large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its stake in shares of Oscar Health by 6.0% during the third quarter. State Street Corp now owns 5,132,802 shares of the company’s stock worth $108,867,000 after purchasing an additional 291,335 shares in the last quarter. Lingotto Investment Management LLP acquired a new stake in Oscar Health in the 4th quarter worth about $2,543,000. GDS Wealth Management boosted its holdings in Oscar Health by 1,545.3% in the 4th quarter. GDS Wealth Management now owns 345,817 shares of the company’s stock worth $4,648,000 after buying an additional 324,798 shares during the last quarter. Victory Capital Management Inc. increased its stake in Oscar Health by 296.0% during the 4th quarter. Victory Capital Management Inc. now owns 231,059 shares of the company’s stock worth $3,105,000 after buying an additional 172,706 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Oscar Health during the fourth quarter valued at approximately $5,672,000. 75.70% of the stock is currently owned by institutional investors and hedge funds.

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.