Oscar Health (NYSE:OSCR) Sees Strong Trading Volume – Time to Buy?

Shares of Oscar Health, Inc. (NYSE:OSCR) saw unusually-strong trading volume on Wednesday . Approximately 4,541,314 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 3,346,029 shares.The stock last traded at $15.44 and had previously closed at $15.28.

Wall Street Analyst Weigh In

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

Oscar Health Stock Up 4.6 %

The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -265.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.73. 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 stock has a 50 day moving average price of $15.20 and a 200 day moving average price of $16.85.

Oscar Health (NYSE:OSCR) last posted its earnings results on Tuesday, February 4th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.79% and a net margin of 0.35%. As a group, analysts forecast that Oscar Health, Inc. will post -0.01 EPS for the current year.

Insider Transactions at Oscar Health

In other Oscar Health news, Director Thrive Partners Vii Growth Gp, bought 420,819 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average price of $13.68 per share, for a total transaction of $5,756,803.92. Following the acquisition, the director now directly owns 5,452,081 shares of the company’s stock, valued at approximately $74,584,468.08. The trade was a 8.36 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Victoria Baltrus sold 8,078 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.08, for a total value of $146,050.24. Following the completion of the transaction, the chief accounting officer now owns 146,036 shares in the company, valued at $2,640,330.88. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 1,055,478 shares of company stock worth $14,432,852 and sold 103,610 shares worth $1,847,519. 25.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Oscar Health

Several institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV boosted its holdings in shares of Oscar Health by 56.1% in the fourth quarter. KBC Group NV now owns 7,107 shares of the company’s stock worth $96,000 after acquiring an additional 2,555 shares during the period. ORG Wealth Partners LLC purchased a new stake in Oscar Health during the 4th quarter worth about $100,000. Alberta Investment Management Corp bought a new position in Oscar Health in the 4th quarter worth about $138,000. Optimum Investment Advisors purchased a new position in Oscar Health during the 3rd quarter valued at about $142,000. Finally, SMART Wealth LLC bought a new stake in shares of Oscar Health during the fourth quarter valued at about $180,000. Institutional investors own 75.70% of the company’s stock.

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.