California Public Employees Retirement System bought a new stake in 1life Healthcare Inc (NASDAQ:ONEM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 47,230 shares of the company’s stock, valued at approximately $1,715,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in 1life Healthcare in the 2nd quarter valued at approximately $507,000. CWM LLC acquired a new stake in shares of 1life Healthcare during the 2nd quarter worth approximately $73,000. Parametric Portfolio Associates LLC acquired a new stake in shares of 1life Healthcare during the 1st quarter worth approximately $228,000. Russell Investments Group Ltd. acquired a new stake in shares of 1life Healthcare during the 2nd quarter worth approximately $2,044,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of 1life Healthcare during the 1st quarter worth approximately $30,000. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

In other 1life Healthcare news, CTO Kimber D. Lockhart sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $29.85, for a total value of $447,750.00. Following the completion of the transaction, the chief technology officer now directly owns 50,669 shares of the company’s stock, valued at $1,512,469.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Lisa A. Mango sold 1,200 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $30.00, for a total value of $36,000.00. Following the completion of the transaction, the general counsel now directly owns 1,200 shares of the company’s stock, valued at $36,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 607,253 shares of company stock valued at $17,936,265.

ONEM stock opened at $29.60 on Thursday. The company has a market cap of $3.74 billion and a P/E ratio of -10.42. 1life Healthcare Inc has a twelve month low of $15.00 and a twelve month high of $44.87. The company has a quick ratio of 7.47, a current ratio of 7.50 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $29.22 and a 200-day moving average of $28.61.

1life Healthcare (NASDAQ:ONEM) last released its earnings results on Wednesday, August 12th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.08. The firm had revenue of $78.00 million for the quarter, compared to the consensus estimate of $62.38 million. As a group, equities research analysts anticipate that 1life Healthcare Inc will post -0.9 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on ONEM. Piper Sandler lifted their price objective on 1life Healthcare from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Truist lifted their price objective on 1life Healthcare from $30.00 to $36.00 in a report on Friday, August 14th. Canaccord Genuity initiated coverage on 1life Healthcare in a report on Friday, June 19th. They set a “buy” rating and a $39.00 price objective on the stock. SVB Leerink initiated coverage on 1life Healthcare in a research report on Wednesday, July 1st. They set a “market perform” rating and a $36.00 target price for the company. Finally, Zacks Investment Research downgraded 1life Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, July 17th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.45.

About 1life Healthcare

1Life Healthcare, Inc operates a membership-based primary care platform. The company develops a healthcare membership model based on direct consumer enrollment, as well as employer sponsorship. It also provides medical services in-office and virtually. As of September 30, 2019, the company had approximately 397,000 members in 9 markets in the United States; 6,000 enterprise clients; and health network partnerships.

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Institutional Ownership by Quarter for 1life Healthcare (NASDAQ:ONEM)

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