Oscar Health (OSCR) Set to Announce Earnings on Thursday

Oscar Health (NYSE:OSCRGet Rating) will release its earnings data after the market closes on Thursday, August 11th. Analysts expect Oscar Health to post earnings of ($0.73) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Oscar Health (NYSE:OSCRGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported ($0.36) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.04. Oscar Health had a negative return on equity of 37.23% and a negative net margin of 22.93%. The company had revenue of $972.77 million for the quarter, compared to analyst estimates of $803.04 million. During the same period in the prior year, the firm posted ($0.98) EPS. On average, analysts expect Oscar Health to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Oscar Health Stock Performance

Shares of OSCR stock opened at $5.88 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $1.24 billion, a P/E ratio of -2.19 and a beta of 1.32. The stock’s 50-day moving average is $4.84 and its two-hundred day moving average is $6.57. Oscar Health has a fifty-two week low of $3.89 and a fifty-two week high of $18.89.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OSCR shares. Bank of America lowered Oscar Health from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $6.00 to $4.50 in a report on Wednesday, June 15th. Morgan Stanley lowered their price objective on Oscar Health from $18.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Oscar Health has an average rating of “Hold” and an average price target of $9.50.

Insider Buying and Selling at Oscar Health

In other Oscar Health news, CFO Richard Scott Blackley sold 19,546 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $5.01, for a total value of $97,925.46. Following the sale, the chief financial officer now owns 264,307 shares of the company’s stock, valued at approximately $1,324,178.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Oscar Health news, EVP Alessandrea C. Quane sold 11,300 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $5.01, for a total value of $56,613.00. Following the completion of the sale, the executive vice president now owns 131,018 shares in the company, valued at approximately $656,400.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard Scott Blackley sold 19,546 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $5.01, for a total value of $97,925.46. Following the completion of the sale, the chief financial officer now owns 264,307 shares of the company’s stock, valued at approximately $1,324,178.07. The disclosure for this sale can be found here.

Institutional Trading of Oscar Health

A number of hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Oscar Health by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 193,504 shares of the company’s stock worth $1,930,000 after acquiring an additional 4,801 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of Oscar Health by 157.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 10,106 shares of the company’s stock worth $101,000 after buying an additional 6,182 shares during the period. Swiss National Bank lifted its position in shares of Oscar Health by 8.6% during the 1st quarter. Swiss National Bank now owns 103,100 shares of the company’s stock worth $1,028,000 after buying an additional 8,200 shares during the period. Prelude Capital Management LLC bought a new position in shares of Oscar Health during the 1st quarter worth approximately $136,000. Finally, Walleye Capital LLC bought a new position in shares of Oscar Health during the 1st quarter worth approximately $140,000. Institutional investors own 98.65% of the company’s stock.

Oscar Health Company Profile

(Get Rating)

Oscar Health, Inc provides health insurance products and services in the United States. The company offers Individual & Family, Small Group, and Medicare Advantage plans, as well as +Oscar, a technology driven platform designed to help providers and payor clients to engage with members and patients.

See Also

Earnings History for Oscar Health (NYSE:OSCR)

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