Oscar Health (NYSE:OSCR) Downgraded to Equal Weight Rating by Wells Fargo & Company

Wells Fargo & Company downgraded shares of Oscar Health (NYSE:OSCR) from an overweight rating to an equal weight rating in a research report released on Thursday, MarketBeat Ratings reports. They currently have $16.00 target price on the stock, down from their previous target price of $20.00.

Separately, Jefferies Financial Group initiated coverage on Oscar Health in a research note on Tuesday, December 10th. They set an “underperform” rating and a $12.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.19.

Oscar Health Trading Up 2.7 %

Oscar Health stock opened at $13.23 on Thursday. Oscar Health has a 1 year low of $12.43 and a 1 year high of $23.79. The firm’s 50-day moving average is $15.21 and its 200-day moving average is $16.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $3.31 billion, a P/E ratio of -660.92 and a beta of 1.75.

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 analysts’ consensus estimates of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. On average, equities analysts expect that Oscar Health will post 0.69 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its stake in shares of Oscar Health by 171.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,627 shares of the company’s stock valued at $89,000 after purchasing an additional 4,185 shares in the last quarter. KBC Group NV raised its position in shares of Oscar Health by 56.1% during the 4th quarter. KBC Group NV now owns 7,107 shares of the company’s stock worth $96,000 after buying an additional 2,555 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Oscar Health in the 4th quarter worth approximately $100,000. Alberta Investment Management Corp bought a new position in shares of Oscar Health in the fourth quarter valued at approximately $138,000. Finally, Virtu Financial LLC acquired a new position in shares of Oscar Health during the fourth quarter valued at approximately $140,000. Institutional investors own 75.70% of the company’s stock.

Oscar Health Company Profile

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.