Oscar Health Sees Unusually High Options Volume (NYSE:OSCR)

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) was the target of unusually large options trading on Tuesday. Traders bought 20,164 call options on the company. This represents an increase of approximately 81% compared to the typical daily volume of 11,150 call options.

Oscar Health Trading Up 10.7%

Shares of OSCR stock traded up $1.52 on Thursday, reaching $15.67. 30,373,465 shares of the stock were exchanged, compared to its average volume of 4,595,748. The stock has a market cap of $3.99 billion, a P/E ratio of -782.86 and a beta of 1.73. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $13.78 and a two-hundred day moving average of $14.58. Oscar Health has a 1-year low of $11.20 and a 1-year high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last announced its quarterly earnings results 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. Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the firm earned $0.62 EPS. The firm's quarterly revenue was up 42.2% compared to the same quarter last year. On average, research analysts anticipate that Oscar Health will post 0.69 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on OSCR shares. Wells Fargo & Company lowered Oscar Health from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $20.00 to $16.00 in a report on Thursday, March 13th. Wall Street Zen raised Oscar Health from a "hold" rating to a "buy" rating in a research note on Saturday, May 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Oscar Health currently has an average rating of "Hold" and a consensus price target of $18.50.

Insider Transactions at Oscar Health

In related news, Director Elbert O. Jr. Robinson sold 25,000 shares of the business's stock in a transaction dated 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 now owns 64,512 shares in the company, valued at $1,059,932.16. The trade was a 27.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 24.39% of the company's stock.

Hedge Funds Weigh In On Oscar Health

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSCR. Barclays PLC boosted its position in Oscar Health by 217.5% in the 3rd quarter. Barclays PLC now owns 325,818 shares of the company's stock valued at $6,911,000 after buying an additional 223,189 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Oscar Health by 24.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 57,850 shares of the company's stock worth $778,000 after acquiring an additional 11,282 shares during the last quarter. KBC Group NV lifted its holdings in Oscar Health by 56.1% in the fourth quarter. KBC Group NV now owns 7,107 shares of the company's stock worth $96,000 after acquiring an additional 2,555 shares during the last quarter. GDS Wealth Management lifted its holdings in Oscar Health by 1,545.3% in the fourth quarter. GDS Wealth Management now owns 345,817 shares of the company's stock worth $4,648,000 after acquiring an additional 324,798 shares during the last quarter. Finally, Tempus Wealth Planning LLC bought a new position in Oscar Health in the fourth quarter worth about $181,000. 75.70% of the stock is owned by hedge funds and other institutional investors.

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.