Oscar Health, Inc. Class A (OSCR)

Oscar Health's stock (OSCR) has experienced significant movement over the past six months, surging by 38.5% and increasing by 52.01%, reaching a 52-week high of $23.50. In July 2025, the company reported 29% revenue growth for its second quarter, but a continued lack of profitability led to some bearish sentiment. Management revised its outlook, citing potentially higher medical loss ratios and increased claims costs. In September 2025, Oscar Health's CEO sold $7.28 million in shares, and the company issued $410 million in convertible notes due in 2030. Recent weekly performance saw a decline of -1.40%, though the monthly change was a 6.89% rise.

Demand for Oscar Health's individual and family health plans is significantly influenced by the annual open enrollment period for the Affordable Care Act (ACA) marketplace. The company's strategic expansions and new plan offerings are often timed to coincide with these enrollment cycles. Oscar Health also targets the Medicare Advantage segment, suggesting another period of focused enrollment activity during the Medicare Annual Enrollment Period. The company's focus on younger, tech-savvy individuals and families also plays a role in its customer acquisition strategy.

Oscar Health, Inc. operates in the Life & Health Insurance and Managed Health Care industries, utilizing a full-stack technology platform to offer health plans and services, including individual and family plans, small group plans, and Medicare Advantage plans. The company provides its technology platform, +Oscar, to other healthcare providers and payors, along with a Campaign Builder platform. Oscar Health offers virtual primary care and behavioral health plans and has introduced innovations like the AI feature "Oswell", new plans for chronic conditions, and "HelloMeno". The company aims to provide a user-friendly digital interface, transparent pricing, and exceptional customer service.

Oscar Health is expanding its presence across the United States and plans to offer coverage in 20 U.S. states for the 2026 health benefit year, including expansions into Alabama and Mississippi, covering 573 counties across 93 metropolitan markets. As of January 1, 2024, Oscar Health was available in 22 states and approximately 630 counties, and in 2025, its services will be available in 504 counties across 18 states. The company strategically focuses on key metropolitan areas, including states like New York, California, Texas, Florida, and Arizona.

Oscar Health has focused on earning member trust and has achieved industry-leading levels of trust, engagement, and customer satisfaction in the individual insurance market. Its "Hola Oscar" experience boasts an industry-leading Net Promoter Score (NPS) of 87. Oscar Health emphasizes customer service and innovative products, such as virtual care and personalized care teams, to differentiate itself. However, older reports from 2019 indicated some challenges with brand perception, and more recently, media sentiment for OSCR has been neutral.

Oscar Health, Inc. is primarily owned by institutional shareholders (65.19%), followed by Oscar Health insiders (25.11%), and retail investors (9.70%). Major institutional owners include Vanguard Group Inc., Blackrock Inc., T Rowe Price Investment Management Inc., Deerfield Management Company LP, and JPMorgan Chase Co. Other significant institutional holders include Thrive Capital Partners III L.P., State Street Corp., and Alphabet, Inc. Among individual owners, Joel E. Cutler is the largest, and Joshua Kushner is another notable individual insider owner. Thrive Capital Management, LLC is also a significant shareholder.