An analyst sees good growth prospects for Oscar Health Inc. (OSCR)

Oscar Health Inc. (NYSE: OSCR) stock fell -1.44% on Friday to $6.15 against a previous-day closing price of $6.24. With 4.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.71 million shares. During the session, the Healthcare Plans company that operates in wider Healthcare sector, reached to the highest price of $6.22 whereas the lowest price it dropped to was $6.01. The 52-week range on OSCR shows that it touched its highest point at $9.89 and its lowest point at $2.05 during that stretch. It currently has a 1-year price target of $8.64. Beta for the stock currently stands at 1.07.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OSCR was down-trending over the past week, with a drop of -4.65%, but this was down by -16.78% over a month. Three-month performance dropped to -35.74% while six-month performance rose 78.78%. The stock gained 4.24% in the past year, while it has gained 150.00% so far this year. A look at the trailing 12-month EPS for OSCR yields -2.21 with Next year EPS estimates of -0.77. For the next quarter, that number is -0.50. This implies an EPS growth rate of 10.80% for this year and 46.20% for next year.

Float and Shares Shorts:

At present, 219.40 million OSCR shares are outstanding with a float of 174.56 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.95 million, which was 2.23% higher than short shares on Jul 30, 2023. In addition to Mr. Joshua Kushner as the firm’s Co-Founder & Vice Chairman, Mr. Mario Tobias Schlosser serves as its Co-Founder, CTO, Pres of Technology & Director.

Institutional Ownership:

Through their ownership of 82.80% of OSCR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 25.20% of OSCR, in contrast to 22.20% held by mutual funds. Shares owned by individuals account for 13.56%. As the largest shareholder in OSCR with 6.39% of the stake, The Vanguard Group, Inc. holds 11,700,613 shares worth 11,700,613. A second-largest stockholder of OSCR, BlackRock Fund Advisors, holds 9,922,444 shares, controlling over 5.42% of the firm’s shares. Southeastern Asset Management, In is the third largest shareholder in OSCR, holding 5,919,220 shares or 3.23% stake. With a 3.23% stake in OSCR, the Longleaf Partners Small Cap Fund is the largest stakeholder. A total of 5,913,273 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.15% of OSCR stock, is the second-largest Mutual Fund holder. It holds 3,936,237 shares valued at 24.68 million. iShares Russell 2000 ETF holds 1.89% of the stake in OSCR, owning 3,469,954 shares worth 21.76 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OSCR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With OSCR analysts setting a high price target of $12.00 and a low target of $7.50, the average target price over the next 12 months is $8.64. Based on these targets, OSCR could surge 95.12% to reach the target high and rise by 21.95% to reach the target low. Reaching the average price target will result in a growth of 40.49% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded OSCR stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 6,500,000 shares were sold. The number of buy transactions has increased to 37 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 1,150,698 while 6,971,581 shares were sold.

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