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

Shares of Oscar Health, Inc. (NYSE:OSCR - Get Free Report) have been given an average recommendation of "Hold" by the nine research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $21.56.

Several equities analysts recently commented on OSCR shares. Bank of America lowered Oscar Health from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $21.00 to $13.50 in a report on Wednesday, November 6th. Jefferies Financial Group started coverage on Oscar Health in a report on Tuesday, December 10th. They issued an "underperform" rating and a $12.00 price objective on the stock.

Institutional Trading of Oscar Health

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in 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 buying an additional 291,335 shares during the period. Lingotto Investment Management LLP acquired a new position in shares of Oscar Health in the 4th quarter valued at $2,543,000. GDS Wealth Management raised its position in Oscar Health by 1,545.3% in the 4th quarter. GDS Wealth Management now owns 345,817 shares of the company's stock valued at $4,648,000 after purchasing an additional 324,798 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Oscar Health during the 4th quarter worth $1,056,000. Finally, Versor Investments LP acquired a new stake in Oscar Health during the 3rd quarter worth $787,000. 75.70% of the stock is owned by hedge funds and other institutional investors.

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Oscar Health Stock Down 4.0 %

Shares of Oscar Health stock traded down $0.66 on Monday, reaching $15.59. 4,715,251 shares of the company were exchanged, compared to its average volume of 4,628,441. The stock's 50 day moving average price is $15.12 and its 200-day moving average price is $16.52. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73. Oscar Health has a 1-year low of $12.43 and a 1-year high of $23.79. The company has a market cap of $3.91 billion, a P/E ratio of -779.21 and a beta of 1.75.

Oscar Health (NYSE:OSCR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. As a group, equities analysts forecast that Oscar Health will post 0.69 EPS for the current 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.