Prosperity Wealth Management Inc. Has $1.07 Million Stock Position in Oscar Health, Inc. (NYSE:OSCR)

Prosperity Wealth Management Inc. raised its position in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) by 92.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,277 shares of the company's stock after purchasing an additional 38,172 shares during the period. Prosperity Wealth Management Inc.'s holdings in Oscar Health were worth $1,065,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. KBC Group NV grew its stake in shares of Oscar Health by 41.2% during the third quarter. KBC Group NV now owns 4,552 shares of the company's stock worth $97,000 after purchasing an additional 1,328 shares during the period. ORG Wealth Partners LLC bought a new stake in Oscar Health during the fourth quarter worth about $100,000. Aigen Investment Management LP bought a new stake in Oscar Health during the third quarter worth about $205,000. Alberta Investment Management Corp bought a new stake in Oscar Health in the fourth quarter valued at approximately $138,000. Finally, FORA Capital LLC bought a new stake in Oscar Health in the third quarter valued at approximately $237,000. Institutional investors and hedge funds own 75.70% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group assumed coverage on Oscar Health in a research report on Tuesday, December 10th. They set an "underperform" rating and a $12.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $21.56.

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Oscar Health Trading Down 5.4 %

Shares of OSCR stock opened at $14.69 on Wednesday. The company's fifty day simple moving average is $15.23 and its two-hundred day simple moving average is $16.47. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of -733.88 and a beta of 1.75. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.73 and a quick ratio of 0.73. Oscar Health, Inc. has a 1 year low of $12.43 and a 1 year high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. As a group, analysts anticipate that Oscar Health, Inc. will post 0.69 earnings per share for the current year.

Oscar Health Company Profile

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.

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