Oscar Health Sees Unusually Large Options Volume (NYSE:OSCR)

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) was the target of some unusual options trading on Tuesday. Stock investors purchased 27,373 call options on the stock. This represents an increase of 303% compared to the typical volume of 6,798 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OSCR shares. Jefferies Financial Group started coverage on Oscar Health in a research report on Tuesday, December 10th. They issued an "underperform" rating and a $12.00 target price on the stock. Bank of America downgraded shares of Oscar Health from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $21.00 to $13.50 in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $21.56.

Insider Activity at Oscar Health

In other Oscar Health news, EVP Ranmali Bopitiya sold 19,157 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.08, for a total transaction of $346,358.56. Following the completion of the transaction, the executive vice president now directly owns 241,488 shares in the company, valued at $4,366,103.04. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mario Schlosser sold 6,516 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.08, for a total value of $117,809.28. Following the completion of the sale, the insider now directly owns 81,962 shares in the company, valued at approximately $1,481,872.96. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,610 shares of company stock worth $1,421,269. Company insiders own 25.11% of the company's stock.

Institutional Trading of Oscar Health

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSCR. Creative Planning boosted its stake in shares of Oscar Health by 73.8% in the 3rd quarter. Creative Planning now owns 31,296 shares of the company's stock valued at $664,000 after purchasing an additional 13,286 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Oscar Health by 1.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 109,074 shares of the company's stock worth $2,313,000 after acquiring an additional 1,866 shares during the period. Toth Financial Advisory Corp lifted its stake in shares of Oscar Health by 73,185.7% in the 3rd quarter. Toth Financial Advisory Corp now owns 51,300 shares of the company's stock valued at $1,088,000 after purchasing an additional 51,230 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Oscar Health by 7.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,028 shares of the company's stock valued at $255,000 after purchasing an additional 844 shares in the last quarter. Finally, FCG Investment Co acquired a new stake in Oscar Health during the third quarter worth approximately $986,000. Institutional investors and hedge funds own 75.70% of the company's stock.

Oscar Health Trading Down 7.8 %

NYSE OSCR traded down $1.26 on Friday, hitting $14.81. The company's stock had a trading volume of 6,082,590 shares, compared to its average volume of 4,542,156. The company's 50-day moving average is $14.82 and its 200 day moving average is $16.68. The firm has a market cap of $3.66 billion, a PE ratio of -740.33 and a beta of 1.73. Oscar Health has a 1-year low of $12.43 and a 1-year high of $23.79. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26.

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 predict that Oscar Health will post 0.69 earnings per share for the current fiscal 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.