Oscar Health, Inc. (NYSE:OSCR) Stock Has Average Price Target of $34.90 According to Brokerages

Shares of Oscar Health, Inc. (NYSE:OSCR) have been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $34.90.

OSCR has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Oscar Health from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Bank of America upped their target price on Oscar Health from $28.00 to $30.00 and gave the stock an “underperform” rating in a research note on Thursday, September 17th. Piper Sandler reissued an “overweight” rating and issued a $48.00 price objective on shares of Oscar Health in a report on Thursday, September 17th. Robert W. Baird increased their target price on Oscar Health from $27.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, September 17th. Finally, Wells Fargo & Company lifted their price target on shares of Oscar Health from $20.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th.

Insiders Place Their Bets

In other news, CFO Richard Blackley sold 28,869 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $31.45, for a total transaction of $907,930.05. Following the transaction, the chief financial officer directly owned 1,046,108 shares in the company, valued at approximately $32,900,096.60. This trade represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Victoria Baltrus sold 958 shares of Oscar Health stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $31.45, for a total value of $30,129.10. Following the completion of the transaction, the chief accounting officer owned 213,631 shares in the company, valued at $6,718,694.95. This trade represents a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 874,451 shares of company stock valued at $26,761,671. 22.64% of the stock is owned by insiders.

Institutional Trading of Oscar Health

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Oscar Health by 205.1% in the first quarter. Bank of America Corp DE now owns 2,860,310 shares of the company’s stock valued at $32,808,000 after purchasing an additional 1,922,732 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Oscar Health by 107.5% during the third quarter. Assenagon Asset Management S.A. now owns 2,589,708 shares of the company’s stock worth $79,867,000 after buying an additional 1,341,716 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Oscar Health during the second quarter worth approximately $32,855,000. Dimensional Fund Advisors LP increased its stake in shares of Oscar Health by 22.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,192,777 shares of the company’s stock worth $48,078,000 after buying an additional 759,837 shares during the last quarter. Finally, Halter Ferguson Financial Inc. increased its stake in shares of Oscar Health by 93.3% in the third quarter. Halter Ferguson Financial Inc. now owns 1,211,825 shares of the company’s stock worth $37,373,000 after buying an additional 584,818 shares during the last quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.

Oscar Health Stock Performance

Shares of NYSE OSCR opened at $31.02 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 0.34 and a beta of 2.47. Oscar Health has a 12-month low of $10.69 and a 12-month high of $35.01. The firm has a 50 day moving average of $31.76 and a 200 day moving average of $23.31.

Oscar Health (NYSE:OSCR) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.70. Oscar Health had a return on equity of 38.45% and a net margin of 3.60%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the company posted ($0.89) earnings per share. Oscar Health’s revenue for the quarter was up 70.4% on a year-over-year basis. On average, research analysts anticipate that Oscar Health will post 1.83 earnings per share for the current year.

About Oscar Health

Oscar Health, Inc is a technology-focused health insurance company that provides health plans and related services in the United States. The company primarily serves individuals and families purchasing coverage through the Affordable Care Act’s health insurance marketplace, as well as small businesses and their employees.

Oscar combines health insurance products with digital tools designed to help members manage their care. Its services include online enrollment, virtual care, provider search and appointment support, care navigation, claims and benefits information, and member engagement through web and mobile applications.