Oscar Health (NYSE:OSCR) Sets New 1-Year Low – Here’s Why

Oscar Health, Inc. (NYSE:OSCR) shares reached a new 52-week low on Thursday . The stock traded as low as $12.25 and last traded at $12.97, with a volume of 596745 shares traded. The stock had previously closed at $13.37.

Analyst Upgrades and Downgrades

OSCR has been the topic of several research analyst reports. Jefferies Financial Group initiated 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. Wells Fargo & Company lowered Oscar Health from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $20.00 to $16.00 in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Oscar Health presently has an average rating of “Hold” and an average target price of $20.21.

Oscar Health Stock Down 4.6 %

The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $3.25 billion, a PE ratio of -649.18 and a beta of 1.75. The business has a 50-day moving average price of $14.60 and a 200-day moving average price of $15.84.

Oscar Health (NYSE:OSCR) last issued its 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 net margin of 0.28% and a return on equity of 2.28%. Equities research analysts forecast that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of Oscar Health

Hedge funds have recently made changes to their positions in the company. FMR LLC grew its position in Oscar Health by 29.5% in the third quarter. FMR LLC now owns 109,002 shares of the company’s stock worth $2,312,000 after acquiring an additional 24,801 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Oscar Health by 9.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,446 shares of the company’s stock worth $561,000 after purchasing an additional 2,236 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Oscar Health by 29.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 353,491 shares of the company’s stock valued at $7,498,000 after buying an additional 79,801 shares during the period. Janus Henderson Group PLC lifted its position in Oscar Health by 27.1% in the third quarter. Janus Henderson Group PLC now owns 72,236 shares of the company’s stock valued at $1,532,000 after buying an additional 15,400 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Oscar Health by 30.3% during the third quarter. Point72 Asset Management L.P. now owns 1,212,096 shares of the company’s stock worth $25,709,000 after buying an additional 281,858 shares during the period. Hedge funds and other institutional investors 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.