Oscar Health (NYSE:OSCR) Trading Down 2.1% - What's Next?

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) shares dropped 2.1% during mid-day trading on Tuesday . The stock traded as low as $11.38 and last traded at $11.40. Approximately 276,984 shares changed hands during trading, a decline of 93% from the average daily volume of 3,852,262 shares. The stock had previously closed at $11.64.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered shares of Oscar Health from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $20.00 to $16.00 in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $20.21.

Oscar Health Trading Up 1.8 %

The stock has a market cap of $3.07 billion, a PE ratio of -612.19 and a beta of 1.75. The stock has a fifty day moving average price of $13.56 and a 200 day moving average price of $14.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73.

Oscar Health (NYSE:OSCR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.62) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. Equities analysts expect that Oscar Health, Inc. will post 0.69 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OSCR. Summit Investment Advisors Inc. grew its stake in Oscar Health by 5.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 20,838 shares of the company's stock worth $280,000 after acquiring an additional 1,141 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Oscar Health by 4.6% in the first quarter. Oppenheimer & Co. Inc. now owns 28,362 shares of the company's stock worth $372,000 after purchasing an additional 1,250 shares in the last quarter. Arizona State Retirement System increased its holdings in Oscar Health by 3.1% during the 4th quarter. Arizona State Retirement System now owns 47,918 shares of the company's stock worth $644,000 after purchasing an additional 1,454 shares during the period. Xponance Inc. increased its holdings in Oscar Health by 12.9% during the 4th quarter. Xponance Inc. now owns 14,394 shares of the company's stock worth $193,000 after purchasing an additional 1,649 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Oscar Health by 15.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,862 shares of the company's stock valued at $186,000 after purchasing an additional 1,834 shares in the last quarter. Hedge funds and other institutional investors own 75.70% of the company's stock.

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.