What's happening with Oscar health stock and valuation. The current valuation seems to be close to $2B , is the company done or heading for failure ? Why stocks getting beaten since IPO. TC-250k
Smells like an acquisition target..
Not differentiated enough
It happens for all the insuretech. Check out lemonde, hippo, root, metromiles... All 1/3 or less from peak. There's a latest post on crunchtech explaining this actually
Healthcare and insurance in general are tricky industries with a typically bad image…while what Oscar is doing is using tech to try and change healthcare, they are a health insurance company at the end of the day (not the most attractive investment). Also, Oscars member base is relatively low and the market is already pretty mature/crowded so it’ll be a long road to grow the member base and lower monthly premiums. As with most insurtech firms, it’s a lot of big talk and big promises, but it’s fundamentally insurance
Seems like amongst all the tech ipo's craze Oscar missed out gains. I had an offer but didn't go.
Absolutely, I think they went into the IPO completely wrong tbh (just my opinion). Had they positioned themselves as a pure tech company operating under a SaaS model to offer their tech platform to established health instance firms, I think they would be doing much better. My equity is unfortunately worth s*** at this point 🙃
Healthcare is difficult, I am sure they will do great in the long run
The stock is 1/3rd of the IPO.