The stock of Oscar Health Inc (NYSE:OSCR) last traded at $20.01, down -2.44% from the previous session.
OSCR stock price is now 8.77% away from the 50-day moving average and 70.35% away from the 200-day moving average. The market capitalization of the company currently stands at $4.75B.
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With the price target of $28, Robert W. Baird recently initiated with Outperform rating for Oscar Health Inc (NYSE: OSCR). On May 30, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $25 to quote $21, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Blackley Richard Scott, Chief Financial Officer sold 29,978 shares of the company’s stock on Jun 06 ’24. The stock was sold for $586,969 at an average price of $19.58. Upon completion of the transaction, the Chief Financial Officer now directly owns 675,442 shares in the company, valued at $13.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06 ’24, EVP, Chief Insurance Officer Quane Alessandrea C. sold 16,793 shares of the business’s stock. A total of $328,807 was realized by selling the stock at an average price of $19.58. This leaves the insider owning 251,136 shares of the company worth $5.03 million. A total of 30.22% of the company’s stock is owned by insiders.
During the past 12 months, Oscar Health Inc has had a low of $4.72 and a high of $23.44. The fifty day moving average price for OSCR is $18.3966 and a two-hundred day moving average price translates $11.74625 for the stock.
The latest earnings results from Oscar Health Inc (NYSE: OSCR) was released for 2024-03-31. The net profit margin was -0.82% and return on equity was -5.46% for OSCR. The company reported revenue of $2.14 billion for the quarter, compared to $1.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.77 percent.
