Stock Traders Purchase Large Volume of Oscar Health Call Options (NYSE:OSCR)

Oscar Health, Inc. (NYSE:OSCR) was the recipient of some unusual options trading on Friday. Traders acquired 33,687 call options on the company. This represents an increase of 55% compared to the average daily volume of 21,746 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OSCR shares. Wells Fargo & Company raised their target price on shares of Oscar Health from $20.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Barclays lifted their target price on Oscar Health from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Piper Sandler reissued an “overweight” rating and set a $36.00 target price on shares of Oscar Health in a report on Tuesday, July 28th. UBS Group raised their price target on Oscar Health from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Zacks Research raised Oscar Health from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Oscar Health currently has an average rating of “Hold” and an average target price of $26.22.

Oscar Health Trading Up 1.8%

Shares of Oscar Health stock traded up $0.58 during trading on Friday, hitting $33.16. The company’s stock had a trading volume of 3,461,879 shares, compared to its average volume of 7,013,090. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 0.65 and a beta of 2.37. Oscar Health has a 52 week low of $10.69 and a 52 week high of $34.23. The stock has a 50-day moving average price of $30.58 and a two-hundred day moving average price of $23.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 1.09.

Oscar Health (NYSE:OSCR) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.70. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.73 billion. Oscar Health had a return on equity of 38.45% and a net margin of 3.60%.The business’s revenue was up 70.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.89) EPS. Equities research analysts anticipate that Oscar Health will post 1.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Richard Blackley sold 28,869 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $31.45, for a total transaction of $907,930.05. Following the transaction, the chief financial officer directly owned 1,046,108 shares in the company, valued at approximately $32,900,096.60. The trade was a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mario Schlosser sold 880,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $29.38, for a total transaction of $25,854,400.00. Following the completion of the sale, the director owned 480,866 shares of the company’s stock, valued at approximately $14,127,843.08. This represents a 64.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,322,257 shares of company stock valued at $126,818,346 in the last 90 days. 22.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. boosted its position in shares of Oscar Health by 11.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 9,217,816 shares of the company’s stock worth $132,461,000 after purchasing an additional 910,320 shares in the last quarter. California State Teachers Retirement System grew its stake in Oscar Health by 3,214.2% in the second quarter. California State Teachers Retirement System now owns 7,803,043 shares of the company’s stock valued at $222,543,000 after acquiring an additional 7,567,600 shares during the period. Morgan Stanley grew its stake in Oscar Health by 42.8% in the fourth quarter. Morgan Stanley now owns 6,814,046 shares of the company’s stock valued at $97,918,000 after acquiring an additional 2,043,758 shares during the period. Thrive Capital Management LLC increased 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 acquiring an additional 1,588,395 shares in the last quarter. Finally, BIT Capital GmbH raised its position in shares of Oscar Health by 545.0% during the fourth quarter. BIT Capital GmbH now owns 6,186,267 shares of the company’s stock worth $88,897,000 after purchasing an additional 5,227,152 shares during the period. 75.70% of the stock is owned by institutional investors.

Oscar Health Company Profile

Oscar Health, Inc is a technology-focused health insurance company that offers health plans and related services to individuals, families and small businesses in the United States. The company’s primary business is providing Individual and Family plans through the Affordable Care Act marketplaces, along with health insurance options for small-group employers in select markets.

Oscar combines insurance coverage with digital tools designed to help members manage their care. Its offerings include online and mobile enrollment, virtual care, provider search and navigation services, claims and benefits information, and access to care teams.