Long Position on ONEM @ $42.00 on 7/13/2020 (Momentum)

1Life Healthcare, Inc. (ONEM) operates a membership-based primary care platform.

The company has developed a healthcare membership model based on direct consumer enrollment, as well as employer sponsorship.

Its membership model includes seamless access to digital health services paired with inviting in-office care routinely covered under health insurance programs.

The company also offers administrative and managerial services pursuant to contracts with physician-owned professional corporations or One Medical Entities.

As of December 31, 2019, it had approximately 422,000 members in nine markets in the United States; and 7,000 enterprise clients.

1Life Healthcare, Inc. reported a 1st Quarter March 2020 loss of $0.32 per share on revenue of $78.8 million. The consensus estimate was a loss of $0.18 per share on revenue of $74.8 million.

The company said it expects second quarter revenue of $56.0 million to $66.0 million. The current consensus revenue estimate is $65.1 million for the quarter ending June 30, 2020.

Shares of this recent IPO should continue to see an increase in share prices as the momentum moves along its "bullish cup and handle" formation.

Entry point: $42.00

52-week trade range: $15.00 - $43.20

Stop/Loss: $40.00

Target Price: $46.20

Updates

8/3/2020 1:00:35 PM

closed at $30

Position closed on 8/3/2020 at price of $31.00 with a -26.19% loss in 21 days.

Back to Portfolio