Oscar Health, Inc. (NYSE:OSCR - Get Free Report) shares saw strong trading volume on Monday . 18,066,473 shares traded hands during mid-day trading, an increase of 186% from the previous session's volume of 6,326,420 shares.The stock last traded at $16.60 and had previously closed at $16.47.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on OSCR shares. Wall Street Zen lowered shares of Oscar Health from a "buy" rating to a "hold" rating in a research note on Sunday, June 8th. Piper Sandler cut their target price on shares of Oscar Health from $25.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Barclays assumed coverage on shares of Oscar Health in a research note on Wednesday, July 2nd. They issued an "underweight" rating and a $17.00 target price on the stock. Wells Fargo & Company lowered shares of Oscar Health from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $20.00 to $16.00 in a research note on Thursday, March 13th. Finally, Raymond James Financial lowered shares of Oscar Health from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 24th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $16.58.
Get Our Latest Report on OSCR
Oscar Health Stock Down 3.7%
The firm's fifty day moving average price is $16.23 and its 200-day moving average price is $14.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $3.94 billion, a P/E ratio of 55.30 and a beta of 1.90.
Oscar Health (NYSE:OSCR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. The business had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.87 billion. Oscar Health had a net margin of 1.22% and a return on equity of 10.59%. The business's revenue was up 42.2% on a year-over-year basis. During the same period last year, the firm posted $0.62 earnings per share. As a group, equities research analysts forecast that Oscar Health, Inc. will post 0.69 earnings per share for the current year.
Insider Transactions 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 transaction of $410,750.00. Following the completion of the sale, the director owned 64,512 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 24.39% of the company's stock.
Institutional Trading of Oscar Health
A number of institutional investors and hedge funds have recently made changes to their positions in OSCR. Wealth Enhancement Advisory Services LLC increased its stake in shares of Oscar Health by 61.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,790 shares of the company's stock worth $467,000 after purchasing an additional 8,258 shares during the period. Financial Management Network Inc. bought a new position in shares of Oscar Health in the second quarter worth about $265,000. Lake Hills Wealth Management LLC bought a new position in shares of Oscar Health in the second quarter worth about $502,000. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Oscar Health in the second quarter worth about $138,000. Finally, Fiduciary Alliance LLC increased its stake in shares of Oscar Health by 3,558.0% in the second quarter. Fiduciary Alliance LLC now owns 453,588 shares of the company's stock worth $9,725,000 after purchasing an additional 441,188 shares during the period. Institutional investors and hedge funds own 75.70% of the company's stock.
About Oscar Health
(
Get Free Report)
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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