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

Oscar Health, Inc. (NYSE:OSCR) was the recipient of some unusual options trading activity on Monday. Traders acquired 13,088 put options on the company. This represents an increase of 60% compared to the typical daily volume of 8,163 put options.

Wall Street Analysts Forecast Growth

OSCR has been the topic of a number of analyst reports. 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 objective on the stock. Wells Fargo & Company lowered shares of Oscar Health from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $20.00 to $16.00 in a research report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.19.

Oscar Health Stock Down 4.7 %

NYSE OSCR opened at $12.82 on Wednesday. Oscar Health has a fifty-two week low of $12.43 and a fifty-two week high of $23.79. 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 market cap of $3.21 billion, a PE ratio of -640.43 and a beta of 1.75. The business has a 50 day moving average price of $15.16 and a two-hundred day moving average price of $16.31.

Oscar Health (NYSE:OSCR) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.07). Oscar Health had a net margin of 0.28% and a return on equity of 2.28%. As a group, sell-side analysts predict that Oscar Health will post 0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Oscar Health by 171.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,627 shares of the company’s stock worth $89,000 after purchasing an additional 4,185 shares during the last quarter. KBC Group NV lifted its holdings in shares of Oscar Health by 56.1% in the 4th quarter. KBC Group NV now owns 7,107 shares of the company’s stock worth $96,000 after purchasing an additional 2,555 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Oscar Health in the 4th quarter worth approximately $100,000. Alberta Investment Management Corp bought a new stake in shares of Oscar Health in the 4th quarter worth approximately $138,000. Finally, Virtu Financial LLC acquired a new stake in Oscar Health in the 4th quarter valued at approximately $140,000. 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.