1Life Healthcare (NASDAQ:ONEM) Trading 7.5% Higher

Posted by on Jun 17th, 2022

1Life Healthcare, Inc. (NASDAQ:ONEM – Get Rating) traded up 7.5% on Friday . The company traded as high as $7.92 and last traded at $7.89. 21,268 shares traded hands during trading, a decline of 99% from the average session volume of 2,017,911 shares. The stock had previously closed at $7.34.

A number of equities research analysts have commented on ONEM shares. William Blair reiterated an “outperform” rating on shares of 1Life Healthcare in a research note on Thursday, March 10th. Truist Financial decreased their price target on 1Life Healthcare from $24.00 to $12.00 in a research note on Thursday, February 24th. SVB Leerink cut their price objective on 1Life Healthcare from $24.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, February 24th. Deutsche Bank Aktiengesellschaft cut their price objective on 1Life Healthcare from $16.00 to $11.00 in a report on Friday, May 6th. Finally, Canaccord Genuity Group cut their price objective on 1Life Healthcare from $18.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, May 5th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $19.50.

The business has a 50-day simple moving average of $8.37 and a 200-day simple moving average of $11.16. The company has a current ratio of 2.64, a quick ratio of 2.61 and a debt-to-equity ratio of 0.19.

1Life Healthcare (NASDAQ:ONEM – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.02. The company had revenue of $254.10 million for the quarter, compared to the consensus estimate of $246.57 million. 1Life Healthcare had a negative return on equity of 21.62% and a negative net margin of 40.50%. 1Life Healthcare’s revenue for the quarter was up 109.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.29) earnings per share. As a group, equities analysts forecast that 1Life Healthcare, Inc. will post -1.88 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its position in shares of 1Life Healthcare by 18.7% in the fourth quarter. Teacher Retirement System of Texas now owns 15,703 shares of the company’s stock valued at $276,000 after acquiring an additional 2,472 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in shares of 1Life Healthcare by 12.1% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 774,516 shares of the company’s stock valued at $12,415,000 after acquiring an additional 83,760 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of 1Life Healthcare by 5.6% in the fourth quarter. WCM Investment Management LLC now owns 393,412 shares of the company’s stock valued at $6,912,000 after acquiring an additional 20,778 shares in the last quarter. Bridgewater Associates LP lifted its position in shares of 1Life Healthcare by 2.4% in the fourth quarter. Bridgewater Associates LP now owns 172,539 shares of the company’s stock valued at $3,032,000 after acquiring an additional 4,109 shares in the last quarter. Finally, Must Asset Management Inc. lifted its position in 1Life Healthcare by 17.4% during the fourth quarter. Must Asset Management Inc. now owns 131,737 shares of the company’s stock worth $2,287,000 after buying an additional 19,504 shares in the last quarter. Institutional investors and hedge funds own 85.50% of the company’s stock.

About 1Life Healthcare (NASDAQ:ONEM)

1Life Healthcare, Inc operates a membership-based primary care platform under the One Medical brand. The company has developed a healthcare membership model based on direct consumer enrollment, as well as third-party sponsorship. Its membership model includes seamless access to 24/7 digital health services paired with inviting in-office care routinely covered under health insurance programs.

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