Oscar Health (NYSE:OSCR) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Oscar Health, Inc. (NYSE:OSCR – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $17.72, but opened at $16.13. Oscar Health shares last traded at $15.2240, with a volume of 10,737,637 shares traded.

Analyst Upgrades and Downgrades

OSCR has been the topic of several research analyst reports. Baird R W downgraded Oscar Health from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Robert W. Baird reissued a “neutral” rating and issued a $14.00 price target (down from $28.00) on shares of Oscar Health in a report on Friday, July 25th. The Goldman Sachs Group initiated coverage on Oscar Health in a research note on Tuesday, October 14th. They set a “neutral” rating and a $17.00 price target on the stock. Piper Sandler lowered their price target on shares of Oscar Health from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Finally, UBS Group increased their target price on Oscar Health from $11.00 to $12.00 and gave the stock a “sell” rating in a research report on Friday. Six research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Oscar Health presently has a consensus rating of “Reduce” and a consensus target price of $13.29.

View Our Latest Stock Analysis on Oscar Health

Oscar Health Trading Down 16.6%

The firm’s 50-day simple moving average is $19.17 and its 200-day simple moving average is $16.85. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $3.82 billion, a P/E ratio of -13.23 and a beta of 1.88.

Oscar Health (NYSE:OSCR – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.02. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.09 billion. Oscar Health had a negative net margin of 2.16% and a negative return on equity of 21.50%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) earnings per share. Oscar Health has set its FY 2025 guidance at EPS. Analysts anticipate 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 the company’s stock in a transaction dated 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 in the company, valued at approximately $9,236,157.64. This represents a 44.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 24.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Oscar Health

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LRI Investments LLC grew its holdings in shares of Oscar Health by 377.9% in the second quarter. LRI Investments LLC now owns 1,233 shares of the company’s stock valued at $26,000 after purchasing an additional 975 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Oscar Health by 4,420.7% in the third quarter. Farther Finance Advisors LLC now owns 1,311 shares of the company’s stock valued at $25,000 after purchasing an additional 1,282 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Oscar Health during the second quarter worth $33,000. Tsfg LLC acquired a new stake in Oscar Health during the 3rd quarter valued at $38,000. Finally, Jones Financial Companies Lllp grew its position in shares of Oscar Health by 7,473.3% in the first 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 period. 75.70% of the stock is owned by hedge funds and other institutional investors.

Oscar Health Company Profile

(Get Free Report)

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.

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