Oscar Health, Inc. (OSCR)


Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Oscar Health, Inc. ("Oscar" or "the Company") (NYSE: OSCR). The investigation concerns whether Oscar and certain of its officers and/or directors have violated federal securities laws.


On or around March 3, 2021, Oscar conducted its initial public offering (“IPO”), selling approximately 37 million shares of stock priced at $39.00 per share.  On May 13, 2021, Oscar reported its earnings for the first time since the Company’s IPO.  Among other results, Oscar reported a loss of $87.4 million, or $0.98 per share, for the first quarter of 2021, compared to analysts estimates that the Company would report a loss of only $0.53 per share.  On this news, Oscar’s stock price fell $1.63 per share, or 7.36%, to close at $20.51 per share on May 13, 2021.  Then, on November 10, 2021, Oscar reported its financial results for the third quarter of 2021.  Among other items, Oscar reported both GAAP earnings per share and revenue that missed consensus estimates, advising investors that the Company “experienced volatility on [its] Medical Loss Ratio as short-term pressures from COVID, Special Enrollment Period (‘SEP’) membership growth and prior year risk adjustments created headwinds in the quarter[.]”  On this news, Oscar’s stock price fell sharply during intraday trading on November 11, 2021

If you are aware of any facts relating to this investigation, or purchased Oscar shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.