The stock of Oscar Health Inc (NYSE:OSCR) last traded at $7.15, down -1.38% from the previous session.
Data from the available sources indicates that Oscar Health Inc (NYSE:OSCR) is covered by 4 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $8.00, we find $9.00. Given the previous closing price of $7.25, this indicates a potential upside of 24.14 percent. OSCR stock price is now 24.81% away from the 50-day moving average and 12.08% away from the 200-day moving average. The market capitalization of the company currently stands at $1.62B.
In total, 2 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $9.50 as their price target over the next twelve months.
With the price target enhanced from $8 to $9, BofA Securities Upgraded its rating from Neutral to Buy for Oscar Health Inc (NYSE: OSCR).
In other news, Blackley Richard Scott, Chief Financial Officer sold 30,061 shares of the company’s stock on Sep 06. The stock was sold for $188,311 at an average price of $6.26. Upon completion of the transaction, the Chief Financial Officer now directly owns 492,719 shares in the company, valued at $3.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06, EVP, Chief Insurance Officer Quane Alessandrea C. sold 16,793 shares of the business’s stock. A total of $105,196 was realized by selling the stock at an average price of $6.26. This leaves the insider owning 267,617 shares of the company worth $1.91 million. Insiders disposed of 7,223,065 shares of company stock worth roughly $51.64 million over the past 1 year. A total of 40.49% of the company’s stock is owned by insiders.
With an opening price of $7.24 on Thursday morning, Oscar Health Inc (NYSE: OSCR) set off the trading day. During the past 12 months, Oscar Health Inc has had a low of $2.05 and a high of $9.89. The fifty day moving average price for OSCR is $5.73 and a two-hundred day moving average price translates $6.38 for the stock.
The latest earnings results from Oscar Health Inc (NYSE: OSCR) was released for Sep, 2023. According to the Healthcare Plans Company, earnings per share came in at -$0.29, beating analysts’ expectations of -$0.47 by 0.18. This compares to -$0.91 EPS in the same period last year. The net profit margin was -6.39% and return on equity was -34.65% for OSCR. The company reported revenue of $1.44 billion for the quarter, compared to $978.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.17 percent. For the current quarter, analysts expect OSCR to generate $1.42B in revenue.
Oscar Health Inc(OSCR) Company Profile
Oscar Health, Inc. operates as a health insurance in the United States. The company offers Individual and Small Group, and Medicare Advantage plans, as well as +Oscar, a technology driven platform designed to help providers and payors directly enable their shift to value-based care It also provides reinsurance products. The company was formerly known as Mulberry Health Inc. and changed its name to Oscar Health, Inc. in January 2021. Oscar Health, Inc. was incorporated in 2012 and is headquartered in New York, New York.