Arizona State Retirement System Buys 19,027 Shares of 1Life Healthcare, Inc. (NASDAQ:ONEM)

Arizona State Retirement System boosted its stake in shares of 1Life Healthcare, Inc. (NASDAQ:ONEMGet Rating) by 85.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,280 shares of the company’s stock after purchasing an additional 19,027 shares during the period. Arizona State Retirement System’s holdings in 1Life Healthcare were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. William Marsh Rice University bought a new position in 1Life Healthcare in the first quarter worth approximately $8,189,000. Teacher Retirement System of Texas raised its position in 1Life Healthcare by 18.7% in the fourth quarter. Teacher Retirement System of Texas now owns 15,703 shares of the company’s stock worth $276,000 after acquiring an additional 2,472 shares during the period. Nikko Asset Management Americas Inc. raised its position in 1Life Healthcare by 12.1% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 774,516 shares of the company’s stock worth $12,415,000 after acquiring an additional 83,760 shares during the period. Sheares Healthcare Group Pte. Ltd. raised its position in 1Life Healthcare by 0.3% in the first quarter. Sheares Healthcare Group Pte. Ltd. now owns 8,321,731 shares of the company’s stock worth $92,205,000 after acquiring an additional 21,252 shares during the period. Finally, Sandy Spring Bank raised its position in 1Life Healthcare by 125.4% in the first quarter. Sandy Spring Bank now owns 3,500 shares of the company’s stock worth $39,000 after acquiring an additional 1,947 shares during the period. 85.50% of the stock is currently owned by institutional investors.

1Life Healthcare Stock Performance

Shares of NASDAQ:ONEM opened at $17.10 on Thursday. 1Life Healthcare, Inc. has a 52 week low of $5.94 and a 52 week high of $30.18. The stock has a market capitalization of $3.32 billion, a P/E ratio of -9.61 and a beta of 2.52. The firm has a fifty day simple moving average of $10.46 and a two-hundred day simple moving average of $10.01. The company has a quick ratio of 2.61, a current ratio of 2.64 and a debt-to-equity ratio of 0.19.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of 1Life Healthcare from $12.00 to $18.00 in a research report on Friday, July 22nd. Canaccord Genuity Group downgraded shares of 1Life Healthcare from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Stifel Nicolaus downgraded shares of 1Life Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Citigroup downgraded shares of 1Life Healthcare from a “buy” rating to a “neutral” rating and raised their price objective for the company from $14.00 to $18.00 in a research report on Friday, July 22nd. Finally, Piper Sandler raised their price objective on shares of 1Life Healthcare to $18.00 in a research report on Friday, July 22nd. Twelve analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.13.

About 1Life Healthcare

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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.

See Also

Institutional Ownership by Quarter for 1Life Healthcare (NASDAQ:ONEM)

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