Mirae Asset Global Investments Co. Ltd. Reduces Holdings in 1Life Healthcare, Inc. (NASDAQ:ONEM)

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of 1Life Healthcare, Inc. (NASDAQ:ONEMGet Rating) by 13.2% in the first quarter, HoldingsChannel reports. The firm owned 497,078 shares of the company’s stock after selling 75,412 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in 1Life Healthcare were worth $5,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ONEM. Addition Three General Partner L.P. bought a new position in 1Life Healthcare during the 4th quarter valued at approximately $125,692,000. Tiger Global Management LLC raised its position in 1Life Healthcare by 28.1% during the 1st quarter. Tiger Global Management LLC now owns 17,673,234 shares of the company’s stock valued at $195,819,000 after purchasing an additional 3,880,134 shares during the last quarter. ARK Investment Management LLC raised its position in 1Life Healthcare by 26.5% during the 1st quarter. ARK Investment Management LLC now owns 6,002,823 shares of the company’s stock valued at $66,511,000 after purchasing an additional 1,257,154 shares during the last quarter. William Marsh Rice University bought a new position in 1Life Healthcare during the 1st quarter valued at approximately $8,189,000. Finally, Geode Capital Management LLC raised its position in 1Life Healthcare by 30.4% during the 4th quarter. Geode Capital Management LLC now owns 2,547,759 shares of the company’s stock valued at $44,764,000 after purchasing an additional 593,949 shares during the last quarter. Institutional investors own 79.58% of the company’s stock.

Wall Street Analyst Weigh In

ONEM has been the subject of several research reports. BTIG Research lowered 1Life Healthcare from a “buy” rating to a “neutral” rating in a research report on Friday, July 22nd. Piper Sandler increased their target price on 1Life Healthcare to $18.00 in a research report on Friday, July 22nd. Jefferies Financial Group lowered 1Life Healthcare from a “buy” rating to a “hold” rating and increased their target price for the stock from $12.00 to $18.00 in a research report on Monday, August 15th. Deutsche Bank Aktiengesellschaft increased their target price on 1Life Healthcare from $12.00 to $18.00 in a research report on Friday, July 22nd. Finally, Stifel Nicolaus downgraded 1Life Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.19.

1Life Healthcare Stock Performance

Shares of ONEM opened at $17.15 on Friday. The business’s fifty day simple moving average is $16.56 and its two-hundred day simple moving average is $11.64. The company has a current ratio of 2.59, a quick ratio of 2.56 and a debt-to-equity ratio of 0.19. 1Life Healthcare, Inc. has a 12 month low of $5.94 and a 12 month high of $24.87. The company has a market cap of $3.35 billion, a price-to-earnings ratio of -8.75 and a beta of 2.47.

1Life Healthcare (NASDAQ:ONEMGet Rating) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.48) EPS for the quarter, meeting the consensus estimate of ($0.48). 1Life Healthcare had a negative return on equity of 21.05% and a negative net margin of 40.24%. The business had revenue of $255.84 million for the quarter, compared to the consensus estimate of $263.99 million. Research analysts anticipate that 1Life Healthcare, Inc. will post -1.91 earnings per share for the current fiscal year.

1Life Healthcare Company Profile

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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.

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

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