Investors Purchase High Volume of Oscar Health Call Options (NYSE:OSCR)

Oscar Health, Inc. (NYSE:OSCR) was the target of unusually large options trading on Friday. Investors purchased 33,687 call options on the stock. This represents an increase of approximately 55% compared to the average daily volume of 21,746 call options.

Insider Buying and Selling at Oscar Health

In related news, CFO Richard Blackley sold 28,869 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $31.45, for a total value of $907,930.05. Following the completion of the sale, the chief financial officer directly owned 1,046,108 shares of the company’s stock, valued at approximately $32,900,096.60. This represents a 2.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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, CAO Victoria Baltrus sold 958 shares of Oscar Health stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $31.45, for a total transaction of $30,129.10. Following the transaction, the chief accounting officer directly owned 213,631 shares in the company, valued at $6,718,694.95. This represents a 0.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 have sold a total of 4,322,257 shares of company stock valued at $126,818,346 in the last three months. Insiders own 22.64% of the company’s stock.

Institutional Investors Weigh In On Oscar Health

Several institutional investors have recently added to or reduced their stakes in OSCR. T. Rowe Price Investment Management Inc. increased its stake in shares of Oscar Health by 11.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,217,816 shares of the company’s stock worth $132,461,000 after purchasing an additional 910,320 shares in the last quarter. California State Teachers Retirement System boosted its holdings in Oscar Health by 3,214.2% in the 2nd quarter. California State Teachers Retirement System now owns 7,803,043 shares of the company’s stock worth $222,543,000 after buying an additional 7,567,600 shares during the period. Morgan Stanley boosted its holdings in Oscar Health by 42.8% in the 4th quarter. Morgan Stanley now owns 6,814,046 shares of the company’s stock worth $97,918,000 after buying an additional 2,043,758 shares during the period. Thrive Capital Management LLC grew its stake in Oscar Health by 33.4% in the 4th quarter. Thrive Capital Management LLC now owns 6,343,617 shares of the company’s stock valued at $85,258,000 after buying an additional 1,588,395 shares in the last quarter. Finally, BIT Capital GmbH raised its holdings in Oscar Health by 545.0% during the 4th quarter. BIT Capital GmbH now owns 6,186,267 shares of the company’s stock valued at $88,897,000 after acquiring an additional 5,227,152 shares during the period. 75.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Oscar Health from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company upped their target price on Oscar Health from $20.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Zacks Research raised Oscar Health from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. The Goldman Sachs Group reissued a “neutral” rating and issued a $30.00 price objective on shares of Oscar Health in a research report on Tuesday, August 11th. Finally, Robert W. Baird set a $27.00 target price on Oscar Health in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Oscar Health presently has a consensus rating of “Hold” and a consensus target price of $26.22.

Oscar Health Stock Performance

Oscar Health stock traded up $0.58 during trading on Friday, hitting $33.16. The stock had a trading volume of 3,461,879 shares, compared to its average volume of 7,013,090. The stock’s 50 day moving average is $30.58 and its two-hundred day moving average is $23.27. Oscar Health has a 1 year low of $10.69 and a 1 year high of $34.23. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 0.65 and a beta of 2.37. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Oscar Health (NYSE:OSCR) last issued its earnings results on Thursday, August 6th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.70. Oscar Health had a return on equity of 38.45% and a net margin of 3.60%.The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the previous year, the company posted ($0.89) earnings per share. The business’s revenue was up 70.4% on a year-over-year basis. As a group, analysts predict that Oscar Health will post 1.54 EPS for the current year.

About Oscar Health

Oscar Health, Inc is a technology-focused health insurance company that offers health plans and related services to individuals, families and small businesses in the United States. The company’s primary business is providing Individual and Family plans through the Affordable Care Act marketplaces, along with health insurance options for small-group employers in select markets.

Oscar combines insurance coverage with digital tools designed to help members manage their care. Its offerings include online and mobile enrollment, virtual care, provider search and navigation services, claims and benefits information, and access to care teams.