|Bid||21.45 x 1100|
|Ask||22.90 x 1200|
|Day's Range||20.02 - 23.27|
|52 Week Range||19.78 - 37.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
At this time, I would like to welcome everyone to Oscar Health's first-quarter 2021 earnings call. Mario Schlosser, Oscar's co-founder and chief executive officer; and Scott Blackley, Oscar's chief financial officer, will host this afternoon's call, which can also be accessed through our Investor Relations website at ir.hioscar.com. Any remarks that Oscar makes about the future constitute forward-looking statements within the meaning of safe harbor provisions under the Private Securities Litigation Reform Act of 1995.
Oscar Health Inc. stock rose nearly 3% late Thursday after the digital health-insurance company reported its first results as a public company, missing Wall Street expectations but showing more subscribers than expected. Oscar said it lost $87.4 million, or 98 cents a share, in the first quarter, compared with a loss of $96.9 million, or $3.36 a share, in the year-ago quarter. Revenue rose to $369 million, from $88.4 million a year ago, the company said. Analysts polled by FactSet had expected Oscar to report a GAAP loss of 53 cents a share on sales of $598 million. Its membership grew 29%, it said. "We achieved very attractive first-quarter growth, while simultaneously lowering our medical loss ratio and administrative cost ratio year-over-year," Chief Executive Mario Schlosser said in a statement. Shares of Oscar ended the regular trading day down 7.4%. Oscar
Health insure-tech company Oscar Health, Inc. (NYSE: OSCR) today announced its financial results for the three months ended March 31, 2021.