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

Oscar Health, Inc. (NYSE:OSCR) saw unusually large options trading activity on Tuesday. Traders acquired 27,373 call options on the company. This is an increase of approximately 303% compared to the average volume of 6,798 call options.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OSCR. Jefferies Financial Group began coverage on shares of Oscar Health in a research report on Tuesday, December 10th. They set an “underperform” rating and a $12.00 price target on the stock. Bank of America lowered shares of Oscar Health from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $21.00 to $13.50 in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oscar Health presently has an average rating of “Hold” and a consensus price target of $21.56.

Oscar Health Stock Up 18.1 %

OSCR stock traded up $2.44 during trading on Tuesday, reaching $15.90. The stock had a trading volume of 13,529,035 shares, compared to its average volume of 4,308,397. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.26. The firm has a fifty day moving average price of $14.70 and a 200 day moving average price of $16.71. The company has a market capitalization of $3.93 billion, a P/E ratio of -794.35, a PEG ratio of 0.50 and a beta of 1.73. Oscar Health has a 1-year low of $12.43 and a 1-year high of $23.79.

Oscar Health (NYSE:OSCR) last released its quarterly earnings results on Tuesday, February 4th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. On average, equities analysts anticipate that Oscar Health will post 0.91 earnings per share for the current year.

Insiders Place Their Bets

In other Oscar Health news, insider Mario Schlosser sold 6,516 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.08, for a total transaction of $117,809.28. Following the completion of the sale, the insider now directly owns 81,962 shares in the company, valued at $1,481,872.96. This represents a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Steven Wolin sold 19,580 shares of Oscar Health stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.08, for a total value of $354,006.40. Following the completion of the transaction, the chief operating officer now directly owns 102,598 shares in the company, valued at $1,854,971.84. This represents a 16.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,610 shares of company stock valued at $1,847,519 over the last quarter. Company insiders own 25.11% of the company’s stock.

Institutional Trading of Oscar Health

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Oscar Health by 6.0% in the 3rd quarter. State Street Corp now owns 5,132,802 shares of the company’s stock worth $108,867,000 after purchasing an additional 291,335 shares during the last quarter. GDS Wealth Management increased 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 valued at $4,648,000 after buying an additional 324,798 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Oscar Health during the fourth quarter valued at approximately $1,056,000. Versor Investments LP bought a new position in Oscar Health during the 3rd quarter worth approximately $787,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Oscar Health in the 3rd quarter worth approximately $988,000. Institutional investors and hedge funds 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.