Headquartered in New York City, Oscar has been challenging the health care s\stem's status quo since our founding in 2012. The compan\Ŗs member-ırst philosoph\ and innovative approach to care has earned us the trust of approximately 529,000 Americans across 291 counties, as of January 31, 2021. Oscar offers Individual & Family, Small Group and Medicare Advantage plans. Its vision is to refactor health care to make good care cost less. Refactor is a term used in software engineering that means to improve the design, structure, and implementation of the software, while preserving its functionality. Oscar takes this deınition a step further. The company improves its membersŖ experience b\ building trust through deep engagement, personali]ed guidance, and rapid iteration.
Company profile
Ticker
OSCR
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Mulberry Health Inc.
SEC CIK
Corporate docs
Subsidiaries
Mulberry Insurance Agency, Inc. • Oscar Buckeye State Insurance Corporation • Oscar Garden State Insurance Corporation • Oscar Health Plan of New York, Inc. • Oscar Health Plan of North Carolina, Inc. • Oscar Health Plan of Pennsylvania Inc • Oscar Health Plan, Inc. • Oscar Insurance Company • Oscar Insurance Corporation • Oscar Management Corporation ...
OSCR stock data
News
Stocks That Hit 52-Week Lows On Wednesday
15 Jun 22
4 Analysts Have This to Say About Oscar Health
15 Jun 22
Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022
15 Jun 22
B of A Securities Downgrades Oscar Health to Underperform, Lowers Price Target to $4.5
15 Jun 22
Insurance Stocks Moving In Friday's Intraday Session
10 Jun 22
Press releases
OSCAR HEALTH, INC. (NYSE: OSCR) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Oscar Health, Inc. (NYSE: OSCR)
29 Jun 22
+Oscar Builds on Innovative Member Engagement Tool to Further Drive Positive Outcomes for Members and Clients
29 Jun 22
SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Oscar Health, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of July 11, 2022 - (NYSE: OSCR)
29 Jun 22
Lead Plaintiff Deadline Approaching: Kessler Topaz Meltzer & Check, LLP Announces Deadline in Securities Fraud Class Action Lawsuit Filed against Oscar Health, Inc.
29 Jun 22
FHS, OSCR & UPST Class Actions: Bronstein, Gewirtz & Grossman, LLC, A Top Class Action Firm, Reminds Investors to Contact the Firm
29 Jun 22
Analyst ratings and price targets
Current price
Average target
$8.25
Low target
$4.50
High target
$12.00
B of A Securities
Downgraded
$4.50
Morgan Stanley
Maintains
$12.00
Investment data
Securities sold
Number of investors
Calendar
11 May 22
29 Jun 22
31 Dec 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 2.09B | 2.09B | 2.09B | 2.09B | 2.09B | 2.09B |
| Cash burn (monthly) | (no burn) | 20.67M | 25.27M | 46.66M | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 61.3M | 74.93M | 138.38M | n/a | n/a |
| Cash remaining | n/a | 2.03B | 2.02B | 1.95B | n/a | n/a |
| Runway (months of cash) | n/a | 98.1 | 79.7 | 41.8 | n/a | n/a |
My content
My notes
No notes yet
My annotations
No annotations yet
Community content
Community notes
No notes yet
Community annotations
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Jun 22 | Wittman Vanessa Ames | Class A Common Stock | Grant | Acquire A | No | No | 0 | 35,787 | 0 | 85,787 |
| 9 Jun 22 | Boyd Jeffery H | Class A Common Stock | Grant | Acquire A | No | No | 0 | 35,787 | 0 | 85,787 |
| 9 Jun 22 | Phillips JR Charles E | Class A Common Stock | Grant | Acquire A | No | No | 0 | 35,787 | 0 | 85,787 |
| 9 Jun 22 | David Plouffe | Class A Common Stock | Grant | Acquire A | No | No | 0 | 35,787 | 0 | 85,787 |
| 9 Jun 22 | Elbert O. Jr. Robinson | Class A Common Stock | Grant | Acquire A | No | No | 0 | 35,787 | 0 | 85,787 |
Institutional ownership, Q1 2022
| 13F holders | Current |
|---|---|
| Total holders | 126 |
| Opened positions | 36 |
| Closed positions | 29 |
| Increased positions | 30 |
| Reduced positions | 29 |
| 13F shares | Current |
|---|---|
| Total value | 2.05B |
| Total shares | 228.85M |
| Total puts | 441.2K |
| Total calls | 797.6K |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| Thrive Capital Management | 37.61M | $375.01M |
| CapitalG 2015 | 24.04M | $0 |
| Thrive Capital Partners III | 23.15M | $133.33M |
| Baillie Gifford & Co | 21.38M | $213.18M |
| General Catalyst Group Management | 14.46M | $144.22M |
| General Catalyst Group Management Holdings GP | 14.46M | $113.55M |
| VK Services | 11.7M | $116.7M |
| Khosla Ventures IV | 11.7M | $91.88M |
| Southeastern Asset Management | 11.15M | $111.13M |
| Vanguard | 8.99M | $89.62M |
Financial report summary
?Management Discussion
- Premiums before ceded reinsurance increased $705.0 million, or 116%, to $1.3 billion for the three months ended March 31, 2022, from $610.1 million for the three months ended March 31, 2021, which was primarily due to higher membership driven largely by growth in the Individual line of business, as well as increases due to serving new C+O members. Oscar’s growth also reflects strong retention and growth in core markets during open enrollment, including in Florida, Texas and Georgia, despite having the lowest cost plan in only 5% of its markets.
- Reinsurance premiums ceded increased $118.1 million, or 49%, to $359.7 million for the three months ended March 31, 2022, from $241.6 million for the three months ended March 31, 2021. The increase is driven by the growth in premiums before ceded reinsurance discussed above.
- Administrative services revenue increased $18.2 million to $18.5 million for the three months ended March 31, 2022, from $0.3 million for the three months ended March 31, 2021. This increase was driven by the launch of our newest +Oscar client, in January 2022, Health First Health Plans, which is utilizing our technology and services to support their Individual and Medicare Advantage members.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. senior Avg
|
|
New words:
accessible, ACHN, aforementioned, Atlantic, capable, categorized, Chikugunya, clarity, client, Coast, Contractor, correlation, counterparty, coupon, customary, Cutler, deeply, delisting, deterioration, disagreement, discovered, discovery, Dragoneer, embedded, expeditiously, expressly, factor, feature, flat, focusing, fundamental, geopolitical, GP, hybrid, incorrect, incumbent, Indenture, Inducement, ineffective, irrespective, iv, Joel, jointly, LionTree, living, logging, logical, median, mission, misstatement, newest, NOL, noncontrolling, numerator, outlined, path, pattern, PBM, PHE, placement, Poor, preceding, prioritizing, priority, privileged, prominent, proud, RAC, recertification, recoverable, redemption, redetermination, reintroduced, resignation, resigned, safeguarding, scalability, scheduled, sequestration, slated, slightly, steadier, strong, sublease, substance, summarize, surprise, takeover, teaching, technique, Tenere, timetable, trustee, unadjusted, unconditional, unforeseen, unpredictably, unreasonable, unsecured, urbanized, VII
Removed:
abroad, absorb, accelerated, accept, accepted, Acting, acuity, adherence, advocacy, affirmatively, afford, ago, ahead, aim, America, amortized, ancillary, approximate, approximated, arbitrate, Arizona, ARRC, Assistant, attitude, Attorney, auditor, autodialer, Axa, banking, Berkshire, Biden, borne, bound, Bronze, burden, burdensome, called, Canada, cap, capitalization, CDPA, center, cession, charge, Chikungunya, Children, China, Claremount, clear, close, COBRA, collateralized, combat, commissioner, communication, compatible, compelling, compromised, Congressional, contact, contingent, continuation, continuity, convened, convenient, coordinated, coordination, corroborated, country, creation, curve, dated, debate, declared, declined, dedicated, deducting, delete, denominated, deposited, designing, determining, disaster, disease, disseminate, distributed, diverse, doctor, DSS, Duguid, earliest, earn, economy, effected, emerge, emergence, enacting, enactment, entitle, ESPP, establishment, European, exempt, exercised, expensed, expiration, extending, Facebook, fact, family, FASB, FFCRA, filer, flexible, flu, FMAP, force, foregone, fourth, fractional, France, free, frequent, functioning, funded, Gmail, Gold, golden, Governor, greatest, grouped, guaranty, hardship, Hathaway, headcount, heading, HIF, HITECH, home, IBNR, identifying, impermissible, inactive, initially, innovate, insolvent, instrument, intact, intense, intent, intentionally, Interbank, intercompany, intrusion, involvement, irrevocably, Japan, Jira, kind, Kingdom, knowingly, lawsuit, lease, levied, LIBO, lift, lifted, litigate, located, location, lowering, matched, McQuaid, modified, narrowed, navigate, newer, nonbinding, nonconvertible, nondeductible, observability, Ohio, opted, organization, par, parachute, payor, PDR, permanently, personalized, persuading, Platinum, pool, postpartum, postpone, powered, precise, preferential, produce, programming, project, prolong, prompted, promulgate, proof, PSU, reclassification, reclassified, recommending, refine, region, reiterating, relaxing, remeasurement, removed, replacing, replicate, represented, requisite, resource, retrospective, revised, revocation, rife, RSU, secondary, Secretary, sector, September, servicing, Simplifying, site, social, specialty, split, stop, storage, strive, subjectivity, subscribing, subsidy, successor, suite, supporting, Supreme, susceptibility, Switzerland, taxing, telemedicine, Tenet, terminating, Thirteenth, threaten, Topic, transferor, transformed, translatable, treated, trust, TW, unambiguously, undistributed, Union, unqualified, Unregistered, updating, urged, urgent, validly, vast, vie, viral, virtually, visit, voluntarily, waiving, weighted, women, workforce, worldwide, Wuhan, yield
Current reports
8-K
Submission of Matters to a Vote of Security Holders
14 Jun 22
8-K
Oscar Health Announces Results for First Quarter 2022
10 May 22
8-K
Departure of Directors or Certain Officers
11 Apr 22
8-K
Regulation FD Disclosure
24 Mar 22
8-K
Regulation FD Disclosure
9 Mar 22
8-K
Departure of Directors or Certain Officers
8 Mar 22
8-K
Oscar Health Announces Results for Fourth Quarter and Full Year 2021
10 Feb 22
8-K
Entry into a Material Definitive Agreement
4 Feb 22
8-K
Oscar Health Delivers Historic Growth, Issues Guidance for 2022 of More than $6B in Premiums
28 Jan 22
8-K
Departure of Directors or Certain Officers
23 Dec 21
Registration and prospectus
S-8
Registration of securities for employees
8 Apr 22
S-8
Registration of securities for employees
25 Feb 22
424B4
Prospectus supplement with pricing info
4 Mar 21
S-8
Registration of securities for employees
3 Mar 21
8-A12B
Registration of securities on exchange
3 Mar 21
S-1MEF
Registration of additional securities for an S-1
2 Mar 21
S-1/A
IPO registration (amended)
22 Feb 21
S-1
IPO registration
5 Feb 21
Other
CERT
Certification of approval for exchange listing
3 Mar 21
EFFECT
Notice of effectiveness
3 Mar 21
CORRESP
Correspondence with SEC
25 Feb 21
CORRESP
Correspondence with SEC
25 Feb 21
CORRESP
Correspondence with SEC
24 Feb 21
UPLOAD
Letter from SEC
23 Feb 21
CORRESP
Correspondence with SEC
21 Feb 21
UPLOAD
Letter from SEC
17 Feb 21
CORRESP
Correspondence with SEC
4 Feb 21
UPLOAD
Letter from SEC
25 Jan 21
Ownership
4
Oscar Health / Elbert O. Jr. Robinson ownership change
13 Jun 22
4
Oscar Health / David Plouffe ownership change
13 Jun 22
4
Oscar Health / JR CHARLES E PHILLIPS ownership change
13 Jun 22
4
Oscar Health / VANESSA AMES WITTMAN ownership change
13 Jun 22
4
Oscar Health / JEFFERY H BOYD ownership change
13 Jun 22
4
Oscar Health / Alessandrea C. Quane ownership change
7 Jun 22
4
Oscar Health / Richard Scott Blackley ownership change
7 Jun 22
4
Oscar Health / Ranmali Bopitiya ownership change
3 Jun 22
4
Oscar Health / Victoria Baltrus ownership change
3 Jun 22
4
Oscar Health / Dennis Weaver ownership change
3 Jun 22
Reddit threads
What stocks are you buying on the dip? If you dare...
19 May 22
Daily Discussion Thread - May 10th, 2022
10 May 22
Daily Discussion Thread - May 9th, 2022
9 May 22
Thoughts on $CLOV
8 Mar 22
Lemonade ($LMND) - is it really worth just 500m?
23 Feb 22
A Penny Stock that is Absurdly Undervalued | Enough Cash to Buy 100% of Shares TWICE
11 Feb 22
Daily Discussion Thread - February 10th, 2022
10 Feb 22
Daily Discussion Thread - February 9th, 2022
9 Feb 22
Daily Discussion Thread - February 8th, 2022
8 Feb 22
Daily Discussion Thread - February 7th, 2022
7 Feb 22