Oscar Health, Inc. (NYSE:OSCR) Given Average Recommendation of "Hold" by Analysts

Shares of Oscar Health, Inc. (NYSE:OSCR - Get Free Report) have been given an average rating of "Hold" by the eight research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.21.

Separately, Wells Fargo & Company cut Oscar Health from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $20.00 to $16.00 in a report on Thursday, March 13th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OSCR. Princeton Global Asset Management LLC bought a new stake in shares of Oscar Health during the 1st quarter worth $59,000. GAMMA Investing LLC increased its holdings in Oscar Health by 2,156.4% in the first quarter. GAMMA Investing LLC now owns 6,476 shares of the company's stock worth $85,000 after purchasing an additional 6,189 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Oscar Health by 171.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,627 shares of the company's stock valued at $89,000 after purchasing an additional 4,185 shares during the period. KBC Group NV lifted its holdings in shares of Oscar Health by 56.1% in the 4th quarter. KBC Group NV now owns 7,107 shares of the company's stock worth $96,000 after purchasing an additional 2,555 shares in the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Oscar Health during the 4th quarter valued at about $100,000. 75.70% of the stock is owned by institutional investors.

Oscar Health Price Performance

Shares of OSCR stock traded up $0.27 during trading hours on Tuesday, reaching $12.30. 2,010,386 shares of the company were exchanged, compared to its average volume of 3,882,959. The company has a market cap of $3.08 billion, a price-to-earnings ratio of -613.94 and a beta of 1.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73. The stock's fifty day moving average is $13.63 and its two-hundred day moving average is $14.88. Oscar Health has a fifty-two week low of $11.20 and a fifty-two week high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. Sell-side analysts forecast that Oscar Health will post 0.69 earnings per share for the current fiscal year.

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.