Oscar Health Target of Unusually High Options Trading (NYSE:OSCR)

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) saw some unusual options trading on Friday. Investors acquired 186,433 put options on the company. This represents an increase of 390% compared to the typical volume of 38,022 put options.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OSCR shares. Piper Sandler lowered their target price on Oscar Health from $25.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Barclays initiated coverage on Oscar Health in a research report on Wednesday, July 2nd. They issued an "underweight" rating and a $17.00 price objective for the company. Raymond James Financial cut Oscar Health from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 24th. Wall Street Zen cut Oscar Health from a "buy" rating to a "hold" rating in a report on Sunday, June 8th. Finally, Wells Fargo & Company cut Oscar Health from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $16.00 to $10.00 in a report on Friday. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Oscar Health currently has an average rating of "Hold" and an average price target of $15.58.

Oscar Health Trading Down 7.3%

Shares of Oscar Health stock traded down $1.13 during trading on Friday, hitting $14.40. 56,391,991 shares of the company were exchanged, compared to its average volume of 7,017,342. The firm has a market capitalization of $3.67 billion, a P/E ratio of 51.43 and a beta of 1.90. Oscar Health has a 1-year low of $11.20 and a 1-year high of $23.79. The firm's fifty day moving average price is $16.30 and its 200 day moving average price is $14.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.88 and a quick ratio of 0.88.

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

Insider Buying and Selling at Oscar Health

In other news, Director Elbert O. Jr. Robinson sold 25,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $16.43, for a total value of $410,750.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 24.39% of the company's stock.

Hedge Funds Weigh In On Oscar Health

Several institutional investors have recently modified their holdings of OSCR. Jones Financial Companies Lllp lifted its holdings in shares of Oscar Health by 7,473.3% during the 1st quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company's stock valued at $30,000 after purchasing an additional 2,242 shares in the last quarter. Strs Ohio bought a new position in shares of Oscar Health during the 1st quarter valued at about $30,000. Larson Financial Group LLC lifted its holdings in shares of Oscar Health by 83,733.3% during 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. CWM LLC lifted its holdings in shares of Oscar Health by 50.7% during the 1st quarter. CWM LLC now owns 3,204 shares of the company's stock valued at $42,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $45,000 after purchasing an additional 2,854 shares in the last quarter. 75.70% of the stock is currently owned by institutional investors and hedge funds.

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.