Oscar Health Inc (NYSE:OSCR) shares traded -4.62% lower at $17.34 on Wall Street last session.
OSCR stock price is now -8.70% away from the 50-day moving average and 3.97% away from the 200-day moving average. The market capitalization of the company currently stands at $4.19B.
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With the price target of $23, UBS recently initiated with Neutral rating for Oscar Health Inc (NYSE: OSCR). On June 26, 2024, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $25, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Quane Alessandrea C., EVP, Chief Insurance Officer sold 16,793 shares of the company’s stock on Sep 06 ’24. The stock was sold for $286,489 at an average price of $17.06. Upon completion of the transaction, the EVP, Chief Insurance Officer now directly owns 392,607 shares in the company, valued at $6.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06 ’24, Chief Financial Officer Blackley Richard Scott sold 29,957 shares of the business’s stock. A total of $511,066 was realized by selling the stock at an average price of $17.06. This leaves the insider owning 853,875 shares of the company worth $14.81 million. A total of 28.39% 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 $23.79. The fifty day moving average price for OSCR is $18.9928 and a two-hundred day moving average price translates $16.67785 for the stock.
The latest earnings results from Oscar Health Inc (NYSE: OSCR) was released for 2024-06-30. The net profit margin was 0.25% and return on equity was 1.74% for OSCR. The company reported revenue of $2.22 billion for the quarter, compared to $1.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.86 percent.
