Stock Traders Buy Large Volume of Put Options on Oscar Health (NYSE:OSCR)

Oscar Health, Inc. (NYSE:OSCR - Get Free Report) saw unusually large options trading on Friday. Stock investors purchased 13,581 put options on the company. This represents an increase of approximately 35% compared to the average daily volume of 10,049 put options.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OSCR. Wells Fargo & Company downgraded shares of Oscar Health from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $20.00 to $16.00 in a report on Thursday, March 13th. Wall Street Zen downgraded shares of Oscar Health from a "buy" rating to a "hold" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Oscar Health currently has an average rating of "Hold" and a consensus target price of $20.08.

Insider Buying and Selling

In related news, Director Elbert O. Jr. Robinson sold 25,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 64,512 shares in the company, valued at $1,059,932.16. This represents a 27.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.39% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oscar Health

Institutional investors and hedge funds have recently modified their holdings of the business. Intech Investment Management LLC boosted its position in Oscar Health by 50.3% during the first quarter. Intech Investment Management LLC now owns 139,600 shares of the company's stock worth $1,830,000 after purchasing an additional 46,748 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Oscar Health by 1.8% during the 1st quarter. Focus Partners Wealth now owns 55,158 shares of the company's stock worth $723,000 after buying an additional 949 shares during the period. SCS Capital Management LLC acquired a new position in shares of Oscar Health during the 1st quarter worth approximately $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Oscar Health by 39.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 470,590 shares of the company's stock valued at $6,169,000 after buying an additional 132,149 shares in the last quarter. Finally, Fred Alger Management LLC grew its stake in Oscar Health by 1,192.7% in the 1st quarter. Fred Alger Management LLC now owns 574,536 shares of the company's stock valued at $7,532,000 after acquiring an additional 530,091 shares during the period. Hedge funds and other institutional investors own 75.70% of the company's stock.

Oscar Health Stock Performance

Shares of NYSE OSCR traded down $0.20 during midday trading on Friday, reaching $14.17. 3,102,963 shares of the stock were exchanged, compared to its average volume of 4,288,175. 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 market cap of $3.55 billion, a price-to-earnings ratio of -710.00 and a beta of 1.75. The firm has a 50-day simple moving average of $13.63 and a two-hundred day simple moving average of $14.61. Oscar Health has a twelve month low of $11.20 and a twelve month high of $23.79.

Oscar Health (NYSE:OSCR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business earned $0.62 earnings per share. The firm's revenue was up 42.2% on a year-over-year basis. As a group, analysts anticipate that Oscar Health will post 0.69 EPS for the current fiscal year.

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.

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