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

Oscar Health, Inc. (NYSE:OSCR) saw unusually large options trading on Monday. Stock traders bought 13,088 put options on the stock. This represents an increase of 60% compared to the average volume of 8,163 put options.

Oscar Health Trading Up 2.0 %

NYSE OSCR opened at $13.49 on Tuesday. Oscar Health has a 52 week low of $12.43 and a 52 week high of $23.79. The company has a 50 day moving average price of $15.19 and a 200 day moving average price of $16.35. 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 $3.38 billion, a PE ratio of -673.91 and a beta of 1.75.

Oscar Health (NYSE:OSCR) last issued its quarterly earnings data 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 net margin of 0.28% and a return on equity of 2.28%. As a group, sell-side analysts forecast that Oscar Health will post 0.69 EPS for the current fiscal year.

Analyst Ratings Changes

OSCR has been the topic of a number of recent research reports. Wells Fargo & Company downgraded Oscar Health from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $20.00 to $16.00 in a research report on Thursday, March 13th. Jefferies Financial Group assumed coverage on shares of Oscar Health in a research report on Tuesday, December 10th. They set an “underperform” rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Oscar Health has a consensus rating of “Hold” and an average price target of $20.19.

Institutional Investors Weigh In On Oscar Health

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Oscar Health by 15.2% in 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 during the last quarter. Brooklyn FI LLC purchased a new position in shares of Oscar Health in the fourth quarter worth $441,000. Toronto Dominion Bank purchased a new position in shares of Oscar Health in the fourth quarter worth $1,008,000. Tidal Investments LLC acquired a new stake in shares of Oscar Health during the fourth quarter worth $419,000. Finally, Thrive Capital Management LLC grew its holdings in shares of Oscar Health by 33.4% during the fourth quarter. Thrive Capital Management LLC now owns 6,343,617 shares of the company’s stock valued at $85,258,000 after buying an additional 1,588,395 shares during the last quarter. 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.