Investors Purchase Large Volume of Oscar Health Put Options (NYSE:OSCR)

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) saw unusually large options trading activity on Monday. Traders acquired 13,088 put options on the company. This is an increase of approximately 60% compared to the average volume of 8,163 put options.

Oscar Health Stock Performance

Shares of NYSE OSCR traded up $0.14 during mid-day trading on Friday, hitting $13.06. The company had a trading volume of 4,669,292 shares, compared to its average volume of 3,648,374. The firm's 50 day simple moving average is $15.06 and its two-hundred day simple moving average is $16.26. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of -652.42 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 has a 12 month low of $12.43 and a 12 month high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported ($0.62) 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, equities research analysts forecast that Oscar Health will post 0.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OSCR. Tower Research Capital LLC TRC lifted its holdings in Oscar Health by 171.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,627 shares of the company's stock worth $89,000 after purchasing an additional 4,185 shares during the period. KBC Group NV lifted its stake in shares of Oscar Health by 56.1% in the 4th quarter. KBC Group NV now owns 7,107 shares of the company's stock worth $96,000 after acquiring an additional 2,555 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Oscar Health in the fourth quarter valued at approximately $100,000. Alberta Investment Management Corp acquired a new position in shares of Oscar Health during the fourth quarter valued at approximately $138,000. Finally, Virtu Financial LLC bought a new stake in Oscar Health during the fourth quarter worth approximately $140,000. Institutional investors and hedge funds own 75.70% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OSCR. Wells Fargo & Company cut Oscar Health from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $20.00 to $16.00 in a report on Thursday, March 13th. Jefferies Financial Group began coverage on Oscar Health in a research report on Tuesday, December 10th. They set an "underperform" rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.19.

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.