Oscar Health (NYSE:OSCR) Sees Unusually-High Trading Volume - What's Next?

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) saw unusually-high trading volume on Monday . Approximately 8,708,055 shares changed hands during mid-day trading, an increase of 11% from the previous session's volume of 7,815,493 shares.The stock last traded at $14.17 and had previously closed at $13.42.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OSCR shares. Piper Sandler lowered Oscar Health from an "overweight" rating to a "neutral" rating and set a $14.00 target price on the stock. in a research report on Monday, July 14th. Raymond James Financial cut Oscar Health from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 24th. UBS Group restated a "sell" rating and set a $11.00 price target (down from $15.00) on shares of Oscar Health in a research report on Tuesday, July 15th. Barclays started coverage on shares of Oscar Health in a research report on Wednesday, July 2nd. They issued an "underweight" rating and a $17.00 price objective on the stock. Finally, Wells Fargo & Company downgraded shares of Oscar Health from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $16.00 to $10.00 in a report on Friday, July 11th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $12.92.

Oscar Health Stock Up 3.8%

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.55 billion, a P/E ratio of 49.95 and a beta of 1.90. The stock's 50-day moving average price is $16.21 and its two-hundred day moving average price is $14.92.

Oscar Health (NYSE:OSCR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.09. Oscar Health had a return on equity of 10.59% and a net margin of 1.22%. The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.87 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The firm's revenue for the quarter was up 42.2% on a year-over-year basis. As a group, research analysts expect that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Elbert O. Jr. Robinson sold 25,000 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $16.43, for a total value of $410,750.00. Following the transaction, the director directly owned 64,512 shares in the company, valued at approximately $1,059,932.16. This trade represents a 27.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 25.11% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OSCR. Jones Financial Companies Lllp lifted its position in Oscar Health by 7,473.3% during the first quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company's stock valued at $30,000 after buying an additional 2,242 shares during the period. Strs Ohio acquired a new position in shares of Oscar Health during the 1st quarter valued at about $30,000. Larson Financial Group LLC increased its position in shares of 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 during the last quarter. CWM LLC lifted its holdings in Oscar Health by 50.7% in the first quarter. CWM LLC now owns 3,204 shares of the company's stock valued at $42,000 after acquiring an additional 1,078 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Oscar Health by 484.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,443 shares of the company's stock worth $45,000 after purchasing an additional 2,854 shares during the period. Institutional investors own 75.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.