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

Shares of Oscar Health, Inc. (NYSE:OSCR) have earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned 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 brokers that have covered the stock in the last year is $20.21.

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

Oscar Health Price Performance

Shares of OSCR opened at $13.45 on Friday. The business’s 50-day moving average is $14.96 and its 200-day moving average is $16.12. 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 company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -672.01 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.

Oscar Health (NYSE:OSCR) last released its quarterly earnings data 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%. Equities research analysts expect that Oscar Health will post 0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Summit Investment Advisors Inc. boosted its position in Oscar Health by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 20,838 shares of the company’s stock worth $280,000 after purchasing an additional 1,141 shares during the period. Arizona State Retirement System lifted its stake in shares of Oscar Health by 3.1% in the fourth quarter. Arizona State Retirement System now owns 47,918 shares of the company’s stock worth $644,000 after buying an additional 1,454 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Oscar Health by 12.9% during the 4th quarter. Xponance Inc. now owns 14,394 shares of the company’s stock worth $193,000 after buying an additional 1,649 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Oscar Health by 15.2% in 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 during the last quarter. Finally, California State Teachers Retirement System raised its holdings in Oscar Health by 1.2% in the 4th quarter. California State Teachers Retirement System now owns 156,901 shares of the company’s stock worth $2,109,000 after acquiring an additional 1,846 shares during the period. Institutional investors and hedge funds own 75.70% of the company’s stock.

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.