Oscar Health (NYSE:OSCR) Shares Down 4.2% – Should You Sell?

Oscar Health, Inc. (NYSE:OSCR)’s share price fell 4.2% during mid-day trading on Wednesday . The stock traded as low as $14.25 and last traded at $14.03. 487,889 shares were traded during mid-day trading, a decline of 86% from the average session volume of 3,575,779 shares. The stock had previously closed at $14.65.

Analyst Ratings Changes

Separately, Jefferies Financial Group began coverage on Oscar Health in a report on Tuesday, December 10th. They issued an “underperform” rating and a $12.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.56.

Oscar Health Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.73 and a current ratio of 0.73. The company has a 50-day moving average of $15.23 and a 200-day moving average of $16.47. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of -693.35 and a beta of 1.75.

Oscar Health (NYSE:OSCR) last released 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 net margin of 0.28% and a return on equity of 2.28%. As a group, research analysts anticipate that Oscar Health, Inc. will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Oscar Health

Several institutional investors have recently bought and sold shares of OSCR. Wealth Enhancement Advisory Services LLC raised its stake in shares of Oscar Health by 7.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,028 shares of the company’s stock worth $255,000 after purchasing an additional 844 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of 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 purchasing an additional 1,141 shares in the last quarter. KBC Group NV raised its stake in shares of Oscar Health by 41.2% during the 3rd quarter. KBC Group NV now owns 4,552 shares of the company’s stock worth $97,000 after purchasing an additional 1,328 shares in the last quarter. Arizona State Retirement System raised its stake 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 purchasing an additional 1,454 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of Oscar Health by 12.9% during the 4th quarter. Xponance Inc. now owns 14,394 shares of the company’s stock worth $193,000 after purchasing an additional 1,649 shares in the last quarter. 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.