Short Interest in Oscar Health, Inc. (NYSE:OSCR) Rises By 118.5%

Key Points

• Oscar Health, Inc. saw a 118.5% increase in short interest during July, with a total of 62,480,000 shares short sold as of July 15th.
• The company reported a net margin of 1.22% and a year-over-year revenue increase of 42.2%, achieving $3 billion during its last quarterly earnings.
• Several brokerages revised their ratings and price targets for Oscar Health, with Barclays and UBS setting an "underweight" rating and a target of $11.00 per share.

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 62,480,000 shares, agrowthof118.5% from the June 30th total of 28,590,000 shares. Based on an average trading volume of 21,750,000 shares, the short-interest ratio is currently 2.9 days. Currently,34.7% of the shares of the stock are short sold. Currently,34.7% of the shares of the stock are short sold. Based on an average trading volume of 21,750,000 shares, the short-interest ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OSCR. Piper Sandler lowered Oscar Health from an "overweight" rating to a "neutral" rating and set a $14.00 price target on the stock. in a report on Monday, July 14th. UBS Group reissued a "sell" rating and issued a $11.00 target price (down previously from $15.00) on shares of Oscar Health in a research note on Tuesday, July 15th. Baird R W cut shares of Oscar Health from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Wall Street Zen lowered shares of Oscar Health from a "buy" rating to a "hold" rating in a research report on Sunday, June 8th. Finally, Robert W. Baird restated a "neutral" rating and set a $14.00 target price (down previously from $28.00) on shares of Oscar Health in a research report on Friday, July 25th. Five research analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.21.

Insider Activity at Oscar Health

In related news, Director Elbert O. Jr. Robinson sold 25,000 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $16.43, for a total transaction of $410,750.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 24.39% of the stock is owned by insiders.

Hedge Funds Weigh In On Oscar Health

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSCR. LRI Investments LLC raised its position in Oscar Health by 377.9% during the second quarter. LRI Investments LLC now owns 1,233 shares of the company's stock worth $26,000 after acquiring an additional 975 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Oscar Health by 7,473.3% in the first quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company's stock valued at $30,000 after acquiring an additional 2,242 shares in the last quarter. Strs Ohio purchased a new stake in shares of Oscar Health during the first quarter worth approximately $30,000. Larson Financial Group LLC lifted its holdings in Oscar Health by 83,733.3% in the 1st quarter. Larson Financial Group LLC now owns 2,515 shares of the company's stock valued at $33,000 after purchasing an additional 2,512 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Oscar Health during the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 75.70% of the company's stock.

Oscar Health Trading Up 3.9%

OSCR opened at $14.36 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average is $15.84 and its two-hundred day moving average is $14.87. The company has a market capitalization of $3.66 billion, a P/E ratio of 51.29 and a beta of 1.86. Oscar Health has a 52 week low of $11.20 and a 52 week high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.89) EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($1.23). Oscar Health had a return on equity of 10.59% and a net margin of 1.22%. The firm's revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share. Analysts forecast that Oscar Health will post 0.69 earnings per share for the current year.

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.