Traders Buy Large Volume of Oscar Health Call Options (NYSE:OSCR)

Oscar Health, Inc. (NYSE:OSCR) saw some unusual options trading activity on Monday. Traders purchased 53,355 call options on the company. This represents an increase of 87% compared to the typical volume of 28,591 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wolfe Research assumed coverage on shares of Oscar Health in a research note on Tuesday, May 5th. They set a “peer perform” rating for the company. Raymond James Financial raised shares of Oscar Health from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research note on Thursday, February 12th. Wells Fargo & Company set a $20.00 target price on shares of Oscar Health and gave the stock an “equal weight” rating in a research note on Thursday. UBS Group boosted their target price on shares of Oscar Health from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Zacks Research raised shares of Oscar Health from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Oscar Health presently has an average rating of “Hold” and a consensus target price of $20.22.

Insider Activity at Oscar Health

In other Oscar Health news, insider Janet Liang sold 12,475 shares of Oscar Health stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $21.94, for a total value of $273,701.50. Following the completion of the transaction, the insider owned 259,057 shares of the company’s stock, valued at approximately $5,683,710.58. The trade was a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Adam Mcananey sold 9,859 shares of Oscar Health stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $21.94, for a total transaction of $216,306.46. Following the completion of the transaction, the insider directly owned 218,096 shares of the company’s stock, valued at $4,785,026.24. The trade was a 4.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 189,660 shares of company stock valued at $4,283,140 over the last ninety days. Corporate insiders own 24.39% of the company’s stock.

Hedge Funds Weigh In On Oscar Health

Large investors have recently made changes to their positions in the stock. Quarry LP lifted its holdings 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 during the last quarter. Jones Financial Companies Lllp increased its stake in Oscar Health by 7,473.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company’s stock worth $30,000 after buying an additional 2,242 shares during the period. Strs Ohio purchased a new stake in Oscar Health during the 1st quarter worth approximately $30,000. Fifth Third Bancorp increased its stake in 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. Finally, Binnacle Investments Inc purchased a new stake in Oscar Health during the 2nd quarter worth approximately $75,000. 75.70% of the stock is currently owned by institutional investors and hedge funds.

Oscar Health Trading Up 9.1%

NYSE:OSCR traded up $2.23 on Monday, hitting $26.74. The stock had a trading volume of 8,783,335 shares, compared to its average volume of 7,866,305. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.26. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of -45.31, a PEG ratio of 1.71 and a beta of 2.37. The company has a fifty day moving average price of $18.39 and a two-hundred day moving average price of $16.07. Oscar Health has a 1-year low of $10.69 and a 1-year high of $27.20.

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

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.