Oscar Health (NYSE:OSCR) CFO Richard Scott Blackley Sells 100,000 Shares

Oscar Health, Inc. (NYSE:OSCR) CFO Richard Scott Blackley sold 100,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $23.16, for a total value of $2,316,000.00. Following the sale, the chief financial officer owned 1,216,660 shares of the company’s stock, valued at $28,177,845.60. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oscar Health Trading Up 8.8%

OSCR stock traded up $2.05 during trading on Monday, hitting $25.37. 13,381,610 shares of the company traded hands, compared to its average volume of 7,963,523. The firm has a market capitalization of $7.65 billion, a PE ratio of -43.01, a P/E/G ratio of 1.63 and a beta of 2.34. Oscar Health, Inc. has a 1 year low of $10.69 and a 1 year high of $25.58. The company has a 50-day moving average of $15.51 and a 200-day moving average of $15.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.11 and a current ratio of 1.11.

Oscar Health (NYSE:OSCR) last issued its earnings results on Wednesday, May 6th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.96. The company had revenue of $4.65 billion during the quarter, compared to analysts’ expectations of $4.90 billion. Oscar Health had a negative return on equity of 3.26% and a negative net margin of 0.30%.Oscar Health’s quarterly revenue was up 52.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. Analysts predict that Oscar Health, Inc. will post 0.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quarry LP raised its position in shares of Oscar Health by 439.8% in the 3rd quarter. Quarry LP now owns 1,803 shares of the company’s stock worth $34,000 after acquiring an additional 1,469 shares in the last quarter. Tsfg LLC bought a new position in shares of Oscar Health in the 3rd quarter worth approximately $38,000. Jones Financial Companies Lllp raised its position in shares of Oscar Health by 7,473.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company’s stock worth $30,000 after acquiring an additional 2,242 shares in the last quarter. Strs Ohio bought a new position in shares of Oscar Health in the 1st quarter worth approximately $30,000. Finally, Fifth Third Bancorp raised its position in shares of Oscar Health by 148.7% in the 4th quarter. Fifth Third Bancorp now owns 2,363 shares of the company’s stock worth $34,000 after acquiring an additional 1,413 shares in the last quarter. Institutional investors own 75.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OSCR shares. Wall Street Zen raised Oscar Health from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Zacks Research raised Oscar Health from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oscar Health in a research report on Tuesday, April 21st. Wolfe Research started coverage on Oscar Health in a research report on Tuesday, May 5th. They set a “peer perform” rating for the company. Finally, Raymond James Financial raised Oscar Health from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.22.

About Oscar Health

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.