BlackRock Advisors LLC Sells 189,912 Shares of OraSure Technologies Inc. (OSUR)
BlackRock Advisors LLC decreased its position in shares of OraSure Technologies Inc. (NASDAQ:OSUR) by 11.9% during the second quarter, Holdings Channel reports. The institutional investor owned 1,402,644 shares of the company’s stock after selling 189,912 shares during the period. BlackRock Advisors LLC owned about 2.53% of OraSure Technologies worth $8,290,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new position in OraSure Technologies during the first quarter worth about $127,000. TIAA CREF Investment Management LLC raised its position in OraSure Technologies by 3.2% in the first quarter. TIAA CREF Investment Management LLC now owns 586,982 shares of the company’s stock worth $4,244,000 after buying an additional 18,442 shares during the last quarter. Teachers Advisors Inc. raised its position in OraSure Technologies by 4.8% in the first quarter. Teachers Advisors Inc. now owns 1,360,199 shares of the company’s stock worth $9,834,000 after buying an additional 62,173 shares during the last quarter. Algert Global LLC purchased a new position in OraSure Technologies during the first quarter worth about $187,000. Finally, Spark Investment Management LLC purchased a new position in OraSure Technologies during the first quarter worth about $420,000. Institutional investors and hedge funds own 79.65% of the company’s stock.
OraSure Technologies Inc. (NASDAQ:OSUR) opened at 7.82 on Wednesday. OraSure Technologies Inc. has a one year low of $4.46 and a one year high of $9.05. The company has a market capitalization of $434.79 million, a P/E ratio of 37.24 and a beta of 1.51. The company’s 50-day moving average is $8.28 and its 200 day moving average is $7.30.
OraSure Technologies (NASDAQ:OSUR) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The firm had revenue of $31.36 million for the quarter, compared to the consensus estimate of $31.15 million. OraSure Technologies had a net margin of 10.08% and a return on equity of 7.60%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. Analysts predict that OraSure Technologies Inc. will post $0.27 EPS for the current year.
A number of research firms recently issued reports on OSUR. BTIG Research lowered shares of OraSure Technologies from a “buy” rating to a “neutral” rating and set a $8.00 target price on the stock. in a research note on Monday, September 19th. Jefferies Group reiterated a “buy” rating and issued a $10.00 target price (up from $8.00) on shares of OraSure Technologies in a research note on Wednesday, August 31st. TheStreet upgraded shares of OraSure Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 30th. Stephens upgraded shares of OraSure Technologies from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 29th. Finally, Canaccord Genuity raised their target price on shares of OraSure Technologies from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $8.58.
In other news, CEO Douglas A. Michels sold 25,000 shares of OraSure Technologies stock in a transaction on Monday, September 26th. The stock was sold at an average price of $8.22, for a total transaction of $205,500.00. Following the sale, the chief executive officer now directly owns 756,898 shares in the company, valued at approximately $6,221,701.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles W. Patrick sold 17,483 shares of OraSure Technologies stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $8.58, for a total value of $150,004.14. Following the sale, the director now owns 77,209 shares in the company, valued at $662,453.22. The disclosure for this sale can be found here. Insiders own 7.80% of the company’s stock.
About OraSure Technologies
OraSure Technologies, Inc (OraSure) is involved in the development, manufacture, marketing and sale of oral fluid diagnostic products and specimen collection devices using its technologies, as well as other diagnostic products, including immunoassays and other in vitro diagnostic tests that are used on other specimen types.
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