Oscar Health (NYSE:OSCR) Shares Gap Up – Time to Buy?

Oscar Health, Inc. (NYSE:OSCR)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $13.48, but opened at $16.25. Oscar Health shares last traded at $16.6650, with a volume of 18,156,879 shares traded.

Analyst Ratings Changes

OSCR has been the subject of a number of recent analyst reports. Piper Sandler lowered their target price on shares of Oscar Health from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Zacks Research upgraded shares of Oscar Health from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Oscar Health in a research report on Wednesday, October 8th. Barclays upped their target price on shares of Oscar Health from $11.00 to $13.00 and gave the stock an “underweight” rating in a research note on Monday, November 10th. Finally, UBS Group lifted their price target on shares of Oscar Health from $11.00 to $12.00 and gave the company a “sell” rating in a research note on Friday, November 7th. Six equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $13.14.

Oscar Health Price Performance

The firm has a fifty day moving average of $18.26 and a two-hundred day moving average of $16.92. The stock has a market capitalization of $4.43 billion, a P/E ratio of -14.87 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.92 and a quick ratio of 0.92.

Oscar Health (NYSE:OSCR) last issued its earnings results on Thursday, November 6th. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.55) by $0.02. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Oscar Health had a negative net margin of 2.16% and a negative return on equity of 21.50%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.22) EPS. Oscar Health has set its FY 2025 guidance at EPS. On average, analysts predict that Oscar Health, Inc. will post 0.69 EPS for the current year.

Insider Activity

In related news, insider Mario Schlosser sold 395,000 shares of Oscar Health stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $18.43, for a total transaction of $7,279,850.00. Following the transaction, the insider directly owned 501,148 shares of the company’s stock, valued at $9,236,157.64. This trade represents a 44.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 25.11% of the company’s stock.

Institutional Trading of Oscar Health

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Oscar Health by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 20,160,399 shares of the company’s stock valued at $381,636,000 after acquiring an additional 423,184 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Oscar Health by 4.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 11,826,245 shares of the company’s stock valued at $155,043,000 after purchasing an additional 467,301 shares in the last quarter. Thrive Capital Management LLC grew its stake in Oscar Health by 33.4% in the fourth quarter. Thrive Capital Management LLC now owns 6,343,617 shares of the company’s stock valued at $85,258,000 after purchasing an additional 1,588,395 shares during the last quarter. American Century Companies Inc. grew its stake in Oscar Health by 89.0% in the third quarter. American Century Companies Inc. now owns 5,298,340 shares of the company’s stock valued at $100,298,000 after purchasing an additional 2,495,691 shares during the last quarter. Finally, BIT Capital GmbH raised its holdings in Oscar Health by 1.1% in the first quarter. BIT Capital GmbH now owns 4,521,445 shares of the company’s stock worth $59,276,000 after purchasing an additional 47,592 shares in the last quarter. Hedge funds and other institutional investors 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.