Oscar Health (NYSE:OSCR) Shares Up 10% – Here’s What Happened

Oscar Health, Inc. (NYSE:OSCR)’s stock price was up 10% during trading on Wednesday . The company traded as high as $15.04 and last traded at $15.04. Approximately 4,377,830 shares were traded during trading, a decline of 49% from the average daily volume of 8,617,687 shares. The stock had previously closed at $13.67.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and set a $15.00 price objective on shares of Oscar Health in a research report on Wednesday, February 11th. Weiss Ratings restated a “sell (d)” rating on shares of Oscar Health in a research note on Thursday, January 22nd. Piper Sandler raised Oscar Health from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $25.00 in a research report on Tuesday, November 25th. Raymond James Financial upgraded shares of Oscar Health from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a report on Thursday, February 12th. Finally, Stephens began coverage on shares of Oscar Health in a research report on Thursday, December 11th. They issued an “equal weight” rating and a $17.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.88.

Oscar Health Stock Performance

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average is $14.66 and its two-hundred day moving average is $16.59. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of -8.02 and a beta of 1.91.

Oscar Health (NYSE:OSCR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.12 billion. Oscar Health had a negative net margin of 3.79% and a negative return on equity of 39.35%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.62) EPS. On average, analysts predict that Oscar Health, Inc. will post 0.69 earnings per share for the current year.

Insiders Place Their Bets

In other Oscar Health news, insider Mario Schlosser sold 76,962 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $17.01, for a total transaction of $1,309,123.62. Following the transaction, the insider owned 350,180 shares of the company’s stock, valued at $5,956,561.80. The trade was a 18.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 138,835 shares of company stock worth $2,298,269 over the last 90 days. 24.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OSCR. Farther Finance Advisors LLC raised its stake in Oscar Health by 4,420.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after acquiring an additional 1,282 shares during the period. Jones Financial Companies Lllp raised its position in shares of Oscar Health by 7,473.3% in the first quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company’s stock valued at $30,000 after purchasing an additional 2,242 shares during the period. Strs Ohio acquired a new stake in shares of Oscar Health during the 1st quarter worth about $30,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Oscar Health during the 2nd quarter worth about $33,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Oscar Health by 148.7% during the 4th quarter. Fifth Third Bancorp now owns 2,363 shares of the company’s stock worth $34,000 after buying an additional 1,413 shares during the period. 75.70% of the stock is currently owned by institutional investors.

Oscar Health Company Profile

Oscar Health, trading on the New York Stock Exchange under the ticker OSCR, is a technology-driven health insurance company headquartered in New York, New York. Founded in 2012 by Mario Schlosser, Joshua Kushner and Kevin Nazemi, the company was built with the goal of simplifying healthcare coverage and enhancing member experience. Oscar leverages a proprietary digital platform to streamline plan enrollment, claims administration and member support, distinguishing itself in the individual, family and small group insurance markets.

The company’s primary products include on-exchange individual and family medical plans under the Affordable Care Act, off-exchange plans, as well as Medicare Advantage offerings.