Oscar Health (NYSE:OSCR) Shares Gap Up - What's Next?

Oscar Health, Inc. (NYSE:OSCR - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $12.62, but opened at $13.05. Oscar Health shares last traded at $12.86, with a volume of 620,816 shares.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered Oscar Health from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $20.00 to $16.00 in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Oscar Health has a consensus rating of "Hold" and a consensus price target of $20.21.

Check Out Our Latest Stock Analysis on OSCR

Oscar Health Stock Up 1.1 %

The stock has a fifty day moving average of $13.30 and a 200-day moving average of $14.66. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -659.17 and a beta of 1.75. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.26.

Oscar Health (NYSE:OSCR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.07). Oscar Health had a return on equity of 2.28% and a net margin of 0.28%. As a group, sell-side analysts expect that Oscar Health, Inc. will post 0.69 EPS for the current year.

Institutional Investors Weigh In On Oscar Health

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of Oscar Health by 348.7% in the fourth quarter. JPMorgan Chase & Co. now owns 10,360,529 shares of the company's stock worth $139,246,000 after purchasing an additional 8,051,379 shares in the last quarter. BIT Capital GmbH boosted its stake in shares of Oscar Health by 5,711.6% during the 4th quarter. BIT Capital GmbH now owns 4,473,853 shares of the company's stock valued at $60,129,000 after buying an additional 4,396,872 shares during the period. Deerfield Management Company L.P. Series C grew its holdings in shares of Oscar Health by 50.7% during the 4th quarter. Deerfield Management Company L.P. Series C now owns 11,835,000 shares of the company's stock valued at $159,062,000 after acquiring an additional 3,983,325 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Oscar Health by 550.3% in the fourth quarter. Hennessy Advisors Inc. now owns 4,188,400 shares of the company's stock worth $56,292,000 after acquiring an additional 3,544,300 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its holdings in shares of Oscar Health by 51.4% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 6,335,862 shares of the company's stock worth $85,154,000 after acquiring an additional 2,151,256 shares in the last quarter. 75.70% of the stock is owned by hedge funds and other institutional investors.

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.

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