Oscar Health, Inc. (NYSE:OSCR - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $11.58 and last traded at $11.72, with a volume of 6323054 shares. The stock had previously closed at $12.54.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company lowered shares of Oscar Health from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $20.00 to $16.00 in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Oscar Health currently has a consensus rating of "Hold" and an average price target of $20.21.
View Our Latest Analysis on Oscar Health
Oscar Health Price Performance
The company's 50 day simple moving average is $14.02 and its 200 day simple moving average is $15.32. 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 has a market cap of $3.15 billion, a P/E ratio of -627.69 and a beta of 1.75.
Oscar Health (NYSE:OSCR - Get Free Report) last announced its quarterly earnings results 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 return on equity of 2.28% and a net margin of 0.28%. As a group, equities analysts forecast that Oscar Health, Inc. will post 0.69 earnings per share for the current year.
Institutional Investors Weigh In On Oscar Health
Large investors have recently made changes to their positions in the stock. FMR LLC increased its holdings in Oscar Health by 29.5% during the 3rd quarter. FMR LLC now owns 109,002 shares of the company's stock worth $2,312,000 after purchasing an additional 24,801 shares in the last quarter. Stifel Financial Corp lifted its stake in Oscar Health by 14.3% in the 3rd quarter. Stifel Financial Corp now owns 151,589 shares of the company's stock valued at $3,215,000 after acquiring an additional 18,952 shares in the last quarter. State Street Corp boosted its position in Oscar Health by 6.0% during the 3rd quarter. State Street Corp now owns 5,132,802 shares of the company's stock worth $108,867,000 after acquiring an additional 291,335 shares during the last quarter. Barclays PLC raised its holdings in shares of Oscar Health by 217.5% in the third quarter. Barclays PLC now owns 325,818 shares of the company's stock valued at $6,911,000 after purchasing an additional 223,189 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Oscar Health by 11.7% in the third quarter. Geode Capital Management LLC now owns 4,339,640 shares of the company's stock worth $92,062,000 after purchasing an additional 455,205 shares in the last quarter. Institutional investors own 75.70% of the company's stock.
About Oscar Health
(
Get Free Report)
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.
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