Key Points
- Oscar Health CEO Mario Schlosser sold 76,962 shares on Jan. 6 at an average price of $17.01 for $1.31M, leaving him with 350,180 shares and representing an 18.02% reduction in his ownership.
- Schlosser has been repeatedly liquidating stock in recent months, including 286,182 shares on Nov. 11, 23,965 on Dec. 2 and 38,835 on Dec. 24, signalling sustained insider selling activity.
- Oscar Health trades around $16.94 with a market cap of about $4.48B, and analysts hold a consensus "Reduce" rating with a $17.00 price target.
Oscar Health, Inc. (NYSE:OSCR - Get Free Report) insider Mario Schlosser sold 76,962 shares of the company's stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $17.01, for a total value of $1,309,123.62. Following the completion of the sale, the insider owned 350,180 shares in the company, valued at $5,956,561.80. The trade was a 18.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mario Schlosser also recently made the following trade(s):
- On Wednesday, December 24th, Mario Schlosser sold 38,835 shares of Oscar Health stock. The shares were sold at an average price of $15.00, for a total transaction of $582,525.00.
- On Tuesday, December 2nd, Mario Schlosser sold 23,965 shares of Oscar Health stock. The shares were sold at an average price of $16.59, for a total transaction of $397,579.35.
- On Tuesday, November 11th, Mario Schlosser sold 286,182 shares of Oscar Health stock. The stock was sold at an average price of $15.27, for a total value of $4,369,999.14.
Oscar Health Trading Up 2.8%
NYSE OSCR opened at $16.94 on Friday. The stock has a market capitalization of $4.48 billion, a P/E ratio of -15.12 and a beta of 1.90. The business has a 50 day simple moving average of $15.80 and a 200 day simple moving average of $16.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.92 and a quick ratio of 0.92. Oscar Health, Inc. has a one year low of $11.20 and a one year high of $23.80.
Oscar Health (NYSE:OSCR - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.53) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.02. Oscar Health had a negative return on equity of 21.50% and a negative net margin of 2.16%.The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business posted ($0.22) EPS. The firm's revenue for the quarter was up 23.2% compared to the same quarter last year. Research analysts expect that Oscar Health, Inc. will post 0.69 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on OSCR. Stephens initiated coverage on shares of Oscar Health in a report on Thursday, December 11th. They issued an "equal weight" rating and a $17.00 price target on the stock. Zacks Research raised Oscar Health from a "strong sell" rating to a "hold" rating in a research note on Monday, October 13th. The Goldman Sachs Group assumed coverage on shares of Oscar Health in a research report on Tuesday, October 14th. They issued a "neutral" rating and a $17.00 target price on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Oscar Health in a research note on Wednesday, October 8th. Finally, UBS Group set a $17.00 target price on shares of Oscar Health in a report on Friday. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Oscar Health currently has a consensus rating of "Reduce" and a consensus price target of $17.00.
Get Our Latest Stock Analysis on Oscar Health
Institutional Investors Weigh In On Oscar Health
Institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. boosted its position in Oscar Health by 89.0% during the 3rd quarter. American Century Companies Inc. now owns 5,298,340 shares of the company's stock valued at $100,298,000 after acquiring an additional 2,495,691 shares in the last quarter. Farallon Capital Management LLC increased its stake in shares of Oscar Health by 146.5% during the third quarter. Farallon Capital Management LLC now owns 3,639,000 shares of the company's stock valued at $68,886,000 after purchasing an additional 2,163,000 shares in the last quarter. Thrive Capital Management LLC lifted its holdings in shares of Oscar Health by 33.4% during the fourth quarter. Thrive Capital Management LLC now owns 6,343,617 shares of the company's stock valued at $85,258,000 after purchasing an additional 1,588,395 shares during the last quarter. State of Michigan Retirement System bought a new stake in shares of Oscar Health in the 3rd quarter worth approximately $27,448,000. Finally, Jump Financial LLC grew its stake in shares of Oscar Health by 798.3% in the 2nd quarter. Jump Financial LLC now owns 1,441,506 shares of the company's stock worth $30,906,000 after buying an additional 1,281,032 shares during the last quarter. 75.70% of the stock is owned by hedge funds and other institutional investors.
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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