Oscar Health (NYSE:OSCR) Stock Price Up 4.3% – Here’s Why

Oscar Health, Inc. (NYSE:OSCR) shot up 4.3% during mid-day trading on Monday . The stock traded as high as $15.37 and last traded at $15.24. Approximately 2,673,140 shares were traded during mid-day trading, a decline of 41% from the average session volume of 4,517,835 shares. The stock had previously closed at $14.61.

Wall Street Analysts Forecast Growth

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

Oscar Health Price Performance

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 company’s 50-day moving average is $15.00 and its 200-day moving average is $16.55. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of -753.12 and a beta of 1.73.

Oscar Health (NYSE:OSCR) last posted its earnings results 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 return on equity of 2.28% and a net margin of 0.28%. Equities research analysts expect that Oscar Health, Inc. will post 0.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Oscar Health

Several large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Oscar Health by 7.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,028 shares of the company’s stock valued at $255,000 after purchasing an additional 844 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Oscar Health by 5.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 20,838 shares of the company’s stock worth $280,000 after buying an additional 1,141 shares in the last quarter. KBC Group NV boosted its holdings in Oscar Health by 41.2% in the third quarter. KBC Group NV now owns 4,552 shares of the company’s stock valued at $97,000 after acquiring an additional 1,328 shares during the last quarter. Arizona State Retirement System grew its position in shares of Oscar Health by 3.1% during the 4th quarter. Arizona State Retirement System now owns 47,918 shares of the company’s stock worth $644,000 after buying an additional 1,454 shares during the period. Finally, Xponance Inc. lifted its stake in shares of Oscar Health by 12.9% in the 4th quarter. Xponance Inc. now owns 14,394 shares of the company’s stock valued at $193,000 after purchasing an additional 1,649 shares during the period. 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.