Buy Oscar Health Shares [Guide]

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Published: July 19, 2021 by Andrew

Investing in insurance stocks is a good trading strategy because the sector has proved strong and resilient even in the uncertainty surrounding the global public health crisis. But what are the reasons to buy Oscar Health shares, a very innovative startup that was recently listed on the stock exchange?

First of all, it must be said that health spending in the United States has risen to $ 4 trillion in 2020 and could reach $ 6 trillion by 2028, but if this does not seem a sufficient reason we need to analyze in detail this expenditure: About $ 3 trillions of health care spending went through insurance companies last year and this figure is estimated to be as high as $ 5 trillion by 2028.

Considering that, among the emerging startups, Oscar Health is certainly one of the most interesting in the sector, let’s analyze its main characteristics, starting from:

  • The idea behind the project
  • The economic situation of the company
  • The forecasts of industry experts

Here is a diagram highlighting the relevant data of this company:

Quotation πŸ‘œΒ New York stock exchange
ISIN πŸ“ŒUS6877931096
Index πŸ“ƒNYSE
Foundation πŸ“…2012
Sector πŸ§ͺInsurance
Ticker 🏷️OSCR
Income πŸ’° $ 1,67 billions
Best platforms πŸ“ˆ eToroΒ / ForexTBΒ Β / Trade.com

 

To buy Oscar Health shares you need a Broker, so we immediately offer you a list of the best online trading platforms on the market:

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    Oscar Health: the company

    In 2012, Harvard alumni Mario Schlosser, Josh Kushner and Kevin Nazemi created a startup called Mulberry Health Inc. with the aim of modernizing the American health insurance sector.

    This startup has grown rapidly both for its decidedly smart approach and for the services offered.

    The company changed its name to Oscar Health Company only recently, before it went public, which, like Lemonade and Root before it, led to a considerable amount of money being raised.

    Covid-19 has greatly affected the performance of this company, leading it to close its clinical center in Brooklyn Heights (opened in 2016) due to the consequences of the pandemic.

    In a few years, Oscar Health has partnered with other companies in the healthcare sector, continuing its growth in the United States at a rapid pace.

    How to buy Oscar Health shares

    Buying Oscar Health shares is not difficult, you just need a PC connected to the internet and a Broker that allows you to trade the stock. The options available to investors are mainly two:

    • Traditional brokers, who in order to invest require the opening of a securities account, the payment of stamp duty and trading commissions
    • CFD brokers, which are much cheaper, have no securities account, no stamp duty is paid and there are no trading commissions

    These latter intermediaries offer CFDs, very affordable financial derivatives. You will not actually buy the shares but you will be trading these Contracts for Difference, which are ideal for short-term trading.

    Here are some of the benefits of buying Oscar Health shares with CFD brokers:

    • Very intuitive trading platforms
    • Demo account to practice
    • No trading fees
    • Possibility of making even small investments
    • Possibility to also aim for the downside

    Where to buy Oscar Health shares

    Choosing where to buy Oscar Health shares is easy, you just have to be careful about security and avoid fraudulent intermediaries.

    In this guide we offer only reliable and regulated online brokers. They are all in possession of regular licenses issued by CONSOB or CySEC.

    Among these, we have selected 3 CFD Brokers that are most suited to this type of trading due to their characteristics and offer a series of high quality services. Let’s find out the details in the next paragraphs.

    eToro

    eToroΒ is one of the most famous online brokers in the world, operating with numerous international licenses, among which the authorization issued by CONSOB or CySec stands out.

    Recently this intermediary has exceeded 20 million subscribers, which are further confirmation of its reliability.

    How do you buy Oscar Health shares with eToro?

    • Register for free on eToro
    • Log into your Demo or real account (by depositing at least € 200)
    • Select the Oscar Health stock and click on “Trade”
    • Decide whether to buy or sell the shares and how much to bet in the operation
    Try the eToro platform for free

    If you are looking for an automatic investment system, know that eToro has patented Copy Trading, a truly revolutionary tool.

    With this system you can copy the operations performed by the best traders who use eToro. You will choose the traders to copy and with a click the system will copy all their trades on your account, automatically.

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    ForexTB

    ForexTBΒ is a very successful CFD Broker, which has been able to combine a wide range of stocks and assets with numerous high-level services.

    Its CySEC license allows it to operate throughout Europe and among the services offered we must mention the famous Trading Course.

    We are talking about an ebook that contains the rules behind trading and explains them clearly and precisely. The language is very simple and the examples complement it all.

    It is a totally free pdf and you can download it from the link below:

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    ForexTB provides traders with two operating platforms, very different from their own but both free:

    • Metatrader is a complete platform full of indicators of all kinds.
    • The Web Platform is simple, intuitive, fast and accessible from any device, without installing anything

    To buy Oscar Health shares on ForexTB you have to follow these 4 steps:

    • Register on ForexTB
    • Choose the trading platform
    • Select Oscar Health stock and click Buy (or Sell to short sell)
    • Decide the amount to invest
    Click here and register for free on ForexTB

    Trade.com

    Trade.comΒ is one of the fastest growing brokers in recent times, especially in our country. The main reason for its success is the relationship between the services offered and its economic convenience.

    The safety factor is guaranteed by a regular CONSOB license, while the available assets are numerous and always up-to-date.

    With only 100 euros you can open a demo account and start trading on the markets.

    Among the most successful services is a popular Trading Course, which allows you to learn the most profitable strategies.

    This is a pdf that explains the basics of technical analysis very clearly and is free, here is the link to download it:

    Download the Trading Course for free by clicking here

    Trade.com offers two trading platforms: The MetaTrader 4 and the Web Platform, two free but highly professional software.

    To buy Oscar Health shares on Trade.com you have to follow these simple instructions:

    • Register for free on Trade.com
    • Log into your real account by depositing at least € 100
    • Select the Oscar Health stock and click on “Buy” to buy or “Sell” to sell short
    • Decide how much to invest in the operation
    Click here and register for free on Trade.com

    Oscar Health business model

    Oscar Health Inc. has a very innovative business model. All the services offered can be managed with a simple smartphone app, in a very simple and practical way.

    The company also provides for remote health checks, using the app on the phone, a real innovation in the health insurance sector.

    Here are the highlights of the company:

    • Quotation: NYSE (OSCR)
    • Sector: Health insurance
    • Insured users: 400,000 (2020)
    • Foundation: November 1, 2012
    • Founders: Mario Schlosser, Kevin Nazemi, Josh Kushner
    • CEO: Mario Schlosser
    • Net profit: $ -406.8 million (2020)

    Is it worth to Buy Oscar Health Shares?

    Oscar Health currently offers individual health plans in 18 American states and is constantly expanding both locally and in terms of the number of policies issued.

    This company is the first to be built around a truly modern technology platform, supported by Alphabet Inc. (Google’s parent company).

    In these times of Covid and the pandemic emergency, Oscar Health has partnered with Cigna Corporation (CI), a leading global health services company, to provide health insurance that meets the specific needs of small businesses and their employees. .

    The solution provided by Oscar Health offers free virtual medical examinations always available and discounted prescriptions.

    Added to this are specialist visits at agreed prices and the support of a vast network of clinics across a large part of the United States.

    In principle, buying Oscar Health shares can be very convenient but you have to be cautious, because the stock is still bearish, as we can see from the graph below:

    buy oscar health shares

    Oscar Health ISIN

    The ISIN of the Oscar Health stock is US6877931096.

    Buy Oscar Health: IPO

    The OSCR stock went public on March 3, 2021, and the company valued its stock at $ 39, above its expected target of $ 36 – $ 38, thereby raising $ 1.44 billion.

    The IPO was undoubtedly a success but on the first day of trading the shares lost value, ending the day at $ 34.80.

    The following trend was a succession of “ups and downs” but in the following weeks the trend took a bearish turn.

    Oscar Health Competitors

    Among the competitors of Oscar Health we find some of the most important health insurance companies in the United States, here are the most relevant names:

    • Collective Health
    • United Health Group
    • Aetna
    • Anthem
    • Kaiser Permanante
    • Clover Health
    • Devoted Health
    • Alan
    • Bind
    • Bright HealthCare

    Oscar Health Shares: Forecast

    At the time of listing, Oscar Health had 542,220 policyholders but, despite having been in business for nearly a decade, it is still not profitable.

    This generates distrust in many investors who do not explain why it is so difficult to go profitable.

    In fact it is not a question of difficulty but of money management, which Oscar Health spends on self-promotion and development.

    OSCR’s revenue dropped 5.2% to $ 462.8 million in 2020 and posted a net loss of $ 406.8 million, which was significantly larger than the $ 261.2 million loss for the year. previous one.

    The first quarter of 2021 saw impressive growth in revenue. The company had $ 369.4 million in revenue, up 319.3% year-over-year.

    Total premiums grew by 43.5% compared to the same period last year and this is giving investors new confidence, despite the performance of the stock on the stock exchange.

    buy Oscar health shares

    Below we have collected the recent forecasts, released by analysts of some of the largest international investment banks:

    • Cowen has issued a “market performance” rating and a target price of $ 29.00 for the company.
    • Wells Fargo & Company has issued an “overweight” rating and a target price of $ 37.00 for the company.
    • Goldman Sachs has issued a “buy” rating and a target price of $ 44.00 for the company.
    • Zacks Investment Research downgraded Oscar Health stock estimates from a “hold” rating to a “sell” rating in a research report.
    • Goldman Sachs has issued a “buy” rating and a target price of $ 44.00 for the company.
    • Credit Suisse Group has issued an “outperforming” rating and a target price of $ 34.00 for the company.

    Buy Oscar Health Shares: target price

    To reach a shared average target price, we examined the estimates of 6 market analysts.

    The 12-month average target price for Oscar Health stock is $ 37.83, substantially up from the current share price.

    The high price target for OSCR is $ 44.00 and the low price target is $ 29.00.

    Of the analysts examined, one recommends maintaining the stock while 5 are bullish on Oscar Health shares.

    Conclusions

    Oscar Health’s business model looks promising because its technology has provided added value to the old US healthcare system.

    Over the past year, OSCR’s premiums and number of policies have grown substantially and the company is reinvesting a major portion of its cash flows in expanding its product offering and acquiring new customers.

    It must be said that the lack of profitability has so far discouraged many investors but the situation is destined to change and the first signs are there for all to see.

    To practice and study an effective strategy to buy Oscar Health shares you can use the risk-free Demo accounts, offered by the CFD Brokers we have proposed in this guide.

    Here are the links to access these accounts for free:

    What does Oscar Health do?

    Oscar Health Inc. is a very innovative US health insurance company.

    Which is Oscar Health’s ISIN?

    The ISIN of the Oscar Health stock is US6877931096.

    What target price does Oscar Health have?

    The 12-month average target price for the OSCR stock is $ 37.83.

    Where to buy Oscar Health shares?

    Better to use CFD brokers like eToro, they are reliable, regulated and without trading fees.

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