Streetbeat News

OSCR

Oscar Health, Inc.

https://www.hioscar.com

Industry

Medical - Healthcare Plans

Oscar Health, Inc. provides health insurance products and services in the United States. The company offers Individual & Family, Small Group, and Medicare Advantage plans, as well as +Oscar, a technology driven platform designed to help providers and payor clients to engage with members and patients. It also provides reinsurance products. The company was formerly known as Mulberry Health Inc. and changed its name to Oscar Health, Inc. in January 2021. Oscar Health, Inc. was incorporated in 2012 and is headquartered in New York, New York.

Open

13.01

Mkt cap

2.8B

Volume

4.2M

High

13.24

P/E Ratio

132.20

52-wk high

23.79

Low

12.89

Div yield

N/A

52-wk low

12.43

Oscar Health's stock price has risen following the announcement that an affiliate of Deerfield Management Company and the Anahata Foundation will purchase shares from a selling shareholder under a Stock Purchase Agreement.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 5:02 pm

Mark Bertolini's Foundation, Anahata, and Deerfield Management have entered into an agreement with a selling shareholder to purchase a total of 5,000,000 shares of Oscar Health's Common Stock. Deerfield will acquire 3,000,000 shares, while Anahata will purchase 2,000,000 shares.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 11:04 am

In Friday's intraday session, insurance stocks saw significant movement. Huize Holding (HUIZ) led the gainers with an 11.68% rise after Q3 earnings, while GoHealth (GOCO) topped the losers, falling 3.62%. Other notable gainers included Kingstone Companies (KINS), FG Finl Gr (FGFPP), SelectQuote (SLQT), Oscar Health (OSCR), and Maiden Hldgs (MHLD). On the losing side were Fanhua (FANH), Trupanion (TRUP), American Coastal (ACIC), Kingsway Financial Servs (KFS), and Tian Ruixiang Holdings (TIRX). Volume spikes and market cap changes were also observed.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 5:40 pm

In Wednesday's intraday session, several insurance stocks experienced notable movements. Tian Ruixiang Holdings (TIRX), Huize Holding (HUIZ), Heritage Insurance Holdings (HRTG), Root (ROOT), Lemonade (LMND), and Oscar Health (OSCR) were among the gainers, with increases ranging from 4.38% to 7.29%. On the losing side, Marpai (MRAI), Maiden Holdings (MHLD), Maiden Holdings 6.625% Notes due 2046 (MHLA), Crawford (CRD), and Kinsale Capital Group (KNSL) saw declines between 2.62% and 4.02%. Volume traded for these stocks varied, with some trading above and others below their average full-day volume over the last 100 days.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 5:40 pm

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. GAN Limited (NASDAQ:GAN) surged 83.9% after agreeing to be acquired by Sega Sammy Creation. Blade Air Mobility, Inc. (NASDAQ:BLDE) surged 27.3% after reporting strong Q3 FY23 revenue growth. On the other hand, DURECT Corporation (NASDAQ:DRRX) shares fell 75.5% after its Phase 2B AHFIRM trial did not achieve statistical significance. FTC Solar, Inc. (NASDAQ:FTCI) fell 62.8% after reporting Q3 earnings and announcing the departure of its CEO and CFO.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 6:41 pm

Several US stocks recorded gains in Wednesday's trading session despite the Nasdaq Composite falling around 20 points. Notable gainers include ContextLogic Inc., American Public Education, Inc., Avadel Pharmaceuticals plc, Roblox Corporation, Agiliti, Inc., AvidXchange Holdings, Inc., GoPro, Inc., F&G Annuities & Life, Inc., Nuvei Corporation, and Turtle Beach Corporation among others. These gains were largely driven by strong quarterly sales or upbeat third-quarter results.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 4:02 pm

The article lists the stocks that gained and lost the most in Tuesday's mid-day session. Among the gainers were PaxMedica, Senti Biosciences, Tharimmune, TransMedics Group, and Singular Genomics Systems. Among the losers were Ventyx Biosciences, Alto Ingredients, Worldwide Webb Acquisition Corp, Oportun Financial Corporation, and Royalty Management Holding Corporation.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 6:10 pm

Several US stocks recorded gains on Tuesday, with notable increases for TransMedics Group, Olaplex Holdings, Datadog, Augmedix, Rover Group, Matterport, MacroGenics, Verve Therapeutics, GDEV, Triumph Group, Alteryx, Thoughtworks Holding, TaskUs, Myriad Genetics, Planet Fitness, EverQuote, Oscar Health, Hims & Hers Health, Surgery Partners, Vimeo, MongoDB, PRA Group, BioMarin Pharmaceutical, Snowflake, DigitalOcean Holdings, DocGo, Appian Corporation, Teradata Corporation, and Tripadvisor. These gains were largely driven by better-than-expected Q3 results and strong FY23 revenue guidance.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 3:54 pm

Oscar Health has revised its FY23 adjusted EBITDA loss forecast to between $50M and $60M, which is above the high-end of the previous range of $75M to $175M. The company also expects its direct and assumed policy premiums to be at the high-end of the $6.4B to $6.6B range.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:09 am

Oscar Health (NYSE:OSCR) reported Q3 earnings per share of $(0.29), beating the analyst consensus estimate of $(0.51) by 43.14%. This is a 68.13% increase over losses from the same period last year. The company also reported quarterly sales of $1.44 billion, beating the analyst consensus estimate of $1.42 billion by 1.41%, a 47.18% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 11:06 am

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