Oscar Health, Inc. (NYSE:OSCR) Position Cut by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its holdings in shares of Oscar Health, Inc. (NYSE:OSCR - Free Report) by 10.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,866 shares of the company's stock after selling 15,814 shares during the period. OneDigital Investment Advisors LLC owned about 0.05% of Oscar Health worth $1,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OSCR. Charles Schwab Investment Management Inc. grew its holdings in shares of Oscar Health by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,862 shares of the company's stock worth $22,241,000 after purchasing an additional 54,696 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Oscar Health by 296.0% in the 4th quarter. Victory Capital Management Inc. now owns 231,059 shares of the company's stock worth $3,105,000 after purchasing an additional 172,706 shares during the last quarter. Arizona State Retirement System increased its holdings in Oscar Health by 3.1% in the 4th quarter. Arizona State Retirement System now owns 47,918 shares of the company's stock worth $644,000 after buying an additional 1,454 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Oscar Health in the 4th quarter worth about $6,613,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Oscar Health by 20.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,896 shares of the company's stock valued at $241,000 after purchasing an additional 3,040 shares during the period. 75.70% of the stock is currently owned by institutional investors.

Insider Activity at Oscar Health

In related news, Director Elbert O. Jr. Robinson sold 25,000 shares of Oscar Health stock in a transaction on Monday, May 12th. The stock was sold at an average price of $16.43, for a total value of $410,750.00. Following the transaction, the director owned 64,512 shares in the company, valued at approximately $1,059,932.16. This trade represents a 27.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 25.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

OSCR has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on Oscar Health from $25.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Wells Fargo & Company downgraded Oscar Health from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $20.00 to $16.00 in a research report on Thursday, March 13th. Raymond James Financial downgraded Oscar Health from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. Wall Street Zen downgraded Oscar Health from a "buy" rating to a "hold" rating in a report on Sunday, June 8th. Finally, Barclays started coverage on Oscar Health in a research note on Wednesday, July 2nd. They issued an "underweight" rating and a $17.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Oscar Health has an average rating of "Hold" and an average target price of $16.58.

Oscar Health Stock Performance

Oscar Health stock traded down $0.29 during mid-day trading on Tuesday, reaching $16.52. 40,436,259 shares of the company were exchanged, compared to its average volume of 6,517,535. The firm has a market cap of $4.21 billion, a PE ratio of 59.00 and a beta of 1.90. The firm's 50-day simple moving average is $16.10 and its two-hundred day simple moving average is $14.83. Oscar Health, Inc. has a twelve month low of $11.20 and a twelve month high of $23.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 0.88.

Oscar Health (NYSE:OSCR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.09. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.87 billion. Oscar Health had a return on equity of 10.59% and a net margin of 1.22%. Oscar Health's quarterly revenue was up 42.2% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. Equities analysts predict that Oscar Health, Inc. 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.