Oscar Health (NYSE:OSCR) CFO Sells $2,316,000.00 in Stock

Oscar Health, Inc. (NYSE:OSCRGet Free Report) CFO Richard Scott Blackley sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $23.16, for a total value of $2,316,000.00. Following the sale, the chief financial officer owned 1,216,660 shares in the company, valued at $28,177,845.60. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Oscar Health Trading Down 4.6%

Shares of NYSE OSCR opened at $23.40 on Thursday. The stock’s 50 day moving average price is $16.13 and its two-hundred day moving average price is $15.52. Oscar Health, Inc. has a 52-week low of $10.69 and a 52-week high of $25.58. The stock has a market capitalization of $7.05 billion, a P/E ratio of -39.66, a PEG ratio of 1.71 and a beta of 2.34. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.26.

Oscar Health (NYSE:OSCRGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.96. Oscar Health had a negative return on equity of 3.26% and a negative net margin of 0.30%.The firm had revenue of $4.65 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Oscar Health’s revenue for the quarter was up 52.6% compared to the same quarter last year. On average, analysts anticipate that Oscar Health, Inc. will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oscar Health

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSCR. Jones Financial Companies Lllp grew its holdings in Oscar Health by 7,473.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company’s stock worth $30,000 after buying an additional 2,242 shares in the last quarter. Strs Ohio bought a new position in Oscar Health in the 1st quarter worth approximately $30,000. Fifth Third Bancorp grew its holdings in Oscar Health by 148.7% in the 4th quarter. Fifth Third Bancorp now owns 2,363 shares of the company’s stock worth $34,000 after buying an additional 1,413 shares in the last quarter. Quarry LP grew its holdings in Oscar Health by 439.8% in the 3rd quarter. Quarry LP now owns 1,803 shares of the company’s stock worth $34,000 after buying an additional 1,469 shares in the last quarter. Finally, Tsfg LLC bought a new position in Oscar Health in the 3rd quarter worth approximately $38,000. 75.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OSCR shares. UBS Group upped their target price on Oscar Health from $15.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen raised Oscar Health from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Oscar Health in a report on Tuesday, April 21st. Zacks Research raised Oscar Health from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Raymond James Financial raised Oscar Health from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.22.

Check Out Our Latest Report on Oscar Health

About Oscar Health

(Get Free Report)

Oscar Health, trading on the New York Stock Exchange under the ticker OSCR, is a technology-driven health insurance company headquartered in New York, New York. Founded in 2012 by Mario Schlosser, Joshua Kushner and Kevin Nazemi, the company was built with the goal of simplifying healthcare coverage and enhancing member experience. Oscar leverages a proprietary digital platform to streamline plan enrollment, claims administration and member support, distinguishing itself in the individual, family and small group insurance markets.

The company’s primary products include on-exchange individual and family medical plans under the Affordable Care Act, off-exchange plans, as well as Medicare Advantage offerings.

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Insider Buying and Selling by Quarter for Oscar Health (NYSE:OSCR)

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