Oscar Health (NYSE:OSCR) Stock Price Up 11.6% – Here’s What Happened

Oscar Health, Inc. (NYSE:OSCR) rose 11.6% during trading on Tuesday . The stock traded as high as $17.90 and last traded at $17.83. Approximately 1,145,058 shares changed hands during trading, a decline of 66% from the average daily volume of 3,378,965 shares. The stock had previously closed at $15.98.

Analyst Ratings Changes

OSCR has been the subject of several research analyst reports. Bank of America downgraded Oscar Health from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $21.00 to $13.50 in a research note on Wednesday, November 6th. UBS Group assumed coverage on Oscar Health in a research note on Monday, October 7th. They issued a “neutral” rating and a $23.00 price target for the company. Finally, Piper Sandler restated an “overweight” rating and issued a $28.00 price target on shares of Oscar Health in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Oscar Health has a consensus rating of “Moderate Buy” and a consensus target price of $22.93.

Oscar Health Stock Down 5.7 %

The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average price of $18.11 and a 200 day moving average price of $18.25.

Oscar Health (NYSE:OSCR) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.02). The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.33 billion. Oscar Health had a return on equity of 2.79% and a net margin of 0.35%. Oscar Health’s quarterly revenue was up 68.3% on a year-over-year basis. During the same period last year, the firm posted ($0.29) EPS. As a group, research analysts forecast that Oscar Health, Inc. will post -0.01 EPS for the current year.

Insider Buying and Selling

In other Oscar Health news, Vice Chairman Joshua Kushner bought 276,040 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of $13.58 per share, for a total transaction of $3,748,623.20. Following the transaction, the insider now directly owns 5,031,262 shares in the company, valued at approximately $68,324,537.96. This trade represents a 5.80 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mario Schlosser sold 3,198 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $17.99, for a total value of $57,532.02. Following the sale, the insider now owns 76,982 shares in the company, valued at approximately $1,384,906.18. The trade was a 3.99 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 1,055,478 shares of company stock worth $14,432,852 and have sold 169,569 shares worth $3,007,069. 25.11% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OSCR. Sei Investments Co. raised its stake in shares of Oscar Health by 100.0% in the first quarter. Sei Investments Co. now owns 42,998 shares of the company’s stock worth $639,000 after purchasing an additional 21,497 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Oscar Health by 10.9% in the first quarter. ProShare Advisors LLC now owns 28,950 shares of the company’s stock worth $430,000 after acquiring an additional 2,842 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Oscar Health by 2.4% in the first quarter. Vanguard Group Inc. now owns 14,582,762 shares of the company’s stock worth $216,846,000 after acquiring an additional 337,850 shares during the period. American International Group Inc. boosted its holdings in shares of Oscar Health by 1.3% in the first quarter. American International Group Inc. now owns 79,411 shares of the company’s stock worth $1,181,000 after acquiring an additional 1,009 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Oscar Health in the first quarter worth $2,230,000. 75.70% of the stock is owned by institutional investors and hedge funds.

About Oscar Health

Oscar Health, Inc operates as a health insurance in the United States. The company offers health plans in individual and small group markets, as well as +Oscar, a technology driven platform that help providers and payors directly enable their shift to value-based care. It also provides reinsurance products.