Oscar Health (NYSE:OSCR) CFO Sells $907,930.05 in Stock

Oscar Health, Inc. (NYSE:OSCR) CFO Richard Blackley sold 28,869 shares of Oscar Health stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $31.45, for a total transaction of $907,930.05. Following the sale, the chief financial officer owned 1,046,108 shares in the company, valued at approximately $32,900,096.60. This trade represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Richard Scott Blackley also recently made the following trade(s):

• On Tuesday, August 18th, Richard Blackley sold 18,750 shares of Oscar Health stock. The stock was sold at an average price of $31.74, for a total transaction of $595,125.00.

Oscar Health Stock Up 2.4%

Shares of OSCR opened at $32.53 on Friday. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 0.65 and a beta of 2.37. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Oscar Health, Inc. has a 12 month low of $10.69 and a 12 month high of $33.55. The company has a 50-day moving average price of $30.58 and a two-hundred day moving average price of $23.27.

Oscar Health (NYSE:OSCR) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.70. Oscar Health had a return on equity of 38.45% and a net margin of 3.60%.The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period in the previous year, the business earned ($0.89) earnings per share. The company’s quarterly revenue was up 70.4% on a year-over-year basis. Equities analysts predict that Oscar Health, Inc. will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in shares of Oscar Health by 7,473.3% in the 1st quarter. Jones Financial Companies Lllp now owns 2,272 shares of the company’s stock valued at $30,000 after purchasing an additional 2,242 shares during the last quarter. Strs Ohio bought a new stake in shares of Oscar Health during the first quarter worth approximately $30,000. Fifth Third Bancorp lifted its holdings in Oscar Health by 148.7% in the fourth quarter. Fifth Third Bancorp now owns 2,363 shares of the company’s stock valued at $34,000 after buying an additional 1,413 shares during the period. CoreCap Advisors LLC boosted its stake in Oscar Health by 526.3% in the second quarter. CoreCap Advisors LLC now owns 1,190 shares of the company’s stock valued at $34,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Quarry LP boosted its stake in Oscar Health by 439.8% in the third quarter. Quarry LP now owns 1,803 shares of the company’s stock valued at $34,000 after acquiring an additional 1,469 shares during the last quarter. 75.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OSCR shares. Wall Street Zen raised shares of Oscar Health from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 price target on shares of Oscar Health in a report on Tuesday, August 11th. Weiss Ratings raised Oscar Health from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Robert W. Baird set a $27.00 target price on Oscar Health in a research note on Friday, August 7th. Finally, UBS Group lifted their price target on Oscar Health from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.22.

About Oscar Health

Oscar Health, Inc is a technology-focused health insurance company that offers health plans and related services to individuals, families and small businesses in the United States. The company’s primary business is providing Individual and Family plans through the Affordable Care Act marketplaces, along with health insurance options for small-group employers in select markets.

Oscar combines insurance coverage with digital tools designed to help members manage their care. Its offerings include online and mobile enrollment, virtual care, provider search and navigation services, claims and benefits information, and access to care teams.