Topic: How To Invest

Power Growth Investor Hotline – Friday, March 19, 2021

Article Excerpt

1LIFE HEALTHCARE, $39.83, is still a buy for aggressive investors. The company (symbol ONEM on Nasdaq) is a membership-based provider of primary health care through its One Medical technology platform. It has attracted more than 549,000 members through 8,000 employer clients, spread across nine U.S. markets. They access the company’s services online but also at 77 physical locations. On January 31, 2020, 1Life (One Medical) sold 17.5 million shares to IPO investors at $14 a share for $224.1 million in net proceeds. We first recommended 1Life shares in the March 2020 issue of Power Growth Investor at $25 each. The stock briefly dropped to as low as $15 in the COVID-19 stock market downturn, but it has since fully rebounded and is now up 59.3% for our readers. One of the original investors in One Medical is Google’s venture capital unit, which held onto 5.0% of the company after the IPO. Google is also one of the company’s largest customers accounting for roughly…