Following The Money: Institution’s Growing Stake In Oscar Health Inc (NYSE: OSCR)

Oscar Health Inc (OSCR) concluded trading on Thursady at a closing price of $16.71, with 4.25 million shares of worth about $70.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 141.47% during that period and on Thursady the price saw a loss of about -1.42%. Currently the company’s common shares owned by public are about 193.87M shares, out of which, 144.39M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 61 times over the past 12 months. They bought 1,363,875 shares in 36 of the transactions. In 25 selling transactions, insiders dumped 7,156,336 shares.

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Stock saw a price change of -1.07% in past 5 days and over the past one month there was a price change of 49.60%. Year-to-date (YTD), OSCR shares are showing a performance of 82.62% which increased to 217.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.22 but also hit the highest price of $18.55 during that period. The average intraday trading volume for Oscar Health Inc shares is 2.93 million. The stock is currently trading 12.37% above its 20-day simple moving average (SMA20), while that difference is up 44.82% for SMA50 and it goes to 104.33% higher than SMA200.

Oscar Health Inc (NYSE: OSCR) currently have 193.87M outstanding shares and institutions hold larger chunk of about 50.67% of that.

The stock has a current market capitalization of $3.84B and its 3Y-monthly beta is at 1.79. It has posted earnings per share of -$1.21 in the same period. It has a debt-to-equity ratio of 0.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OSCR, volatility over the week remained 5.37% while standing at 5.73% over the month.

Analysts are in expectations that Oscar Health Inc (OSCR) stock would likely to be making an EPS of $0.27 in the current quarter, while forecast for next quarter EPS is $0.19 and it is $0.42 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.22 which is $0.33 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 90.98% while it is estimated to increase by 486.36% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 02, 2023 offering a Buy rating for the stock and assigned a target price range of between $8 and $9 to it. Coverage by BofA Securities stated Oscar Health Inc (OSCR) stock as a Neutral in their note to investors on June 06, 2023, suggesting a price target of $8.75 for the stock. On November 16, 2022, Wells Fargo Upgrade their recommendations, while on November 14, 2022, Morgan Stanley Downgrade their ratings for the stock with a price target of $5. Stock get an Underperform rating from BofA Securities on June 15, 2022.

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