Douglas A. Michels Sells 30,893 Shares of OraSure Technologies Inc. (OSUR) Stock
OraSure Technologies Inc. (NASDAQ:OSUR) CEO Douglas A. Michels sold 30,893 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $9.02, for a total transaction of $278,654.86. Following the sale, the chief executive officer now directly owns 731,898 shares of the company’s stock, valued at approximately $6,601,719.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
OraSure Technologies Inc. (NASDAQ:OSUR) opened at 8.43 on Thursday. OraSure Technologies Inc. has a 52-week low of $5.09 and a 52-week high of $9.05. The company has a market cap of $469.80 million, a PE ratio of 28.10 and a beta of 1.50. The firm has a 50-day moving average of $7.92 and a 200 day moving average of $7.50.
OraSure Technologies (NASDAQ:OSUR) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. OraSure Technologies had a net margin of 13.70% and a return on equity of 10.27%. The firm earned $32.25 million during the quarter, compared to the consensus estimate of $31.45 million. During the same period in the prior year, the firm earned $0.03 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Equities research analysts expect that OraSure Technologies Inc. will post $0.29 earnings per share for the current fiscal year.
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A number of equities research analysts recently weighed in on OSUR shares. TheStreet raised shares of OraSure Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 30th. BTIG Research downgraded shares of OraSure Technologies from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research report on Monday, September 19th. Stephens raised shares of OraSure Technologies from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 29th. Jefferies Group reaffirmed a “buy” rating and set a $10.00 price objective (up previously from $8.00) on shares of OraSure Technologies in a research report on Wednesday, August 31st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $10.00 price objective on shares of OraSure Technologies in a research report on Monday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $8.58.
A number of hedge funds have recently modified their holdings of OSUR. Prudential Financial Inc. increased its stake in shares of OraSure Technologies by 0.6% in the third quarter. Prudential Financial Inc. now owns 41,492 shares of the company’s stock worth $331,000 after buying an additional 260 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of OraSure Technologies by 3.2% in the second quarter. Janney Montgomery Scott LLC now owns 18,824 shares of the company’s stock worth $121,000 after buying an additional 579 shares during the period. California State Teachers Retirement System increased its position in OraSure Technologies by 0.7% in the third quarter. California State Teachers Retirement System now owns 114,462 shares of the company’s stock worth $912,000 after buying an additional 800 shares during the last quarter. BlackRock Investment Management LLC increased its position in OraSure Technologies by 0.4% in the second quarter. BlackRock Investment Management LLC now owns 215,332 shares of the company’s stock worth $1,273,000 after buying an additional 942 shares during the last quarter. Finally, Acrospire Investment Management LLC increased its position in OraSure Technologies by 3.4% in the third quarter. Acrospire Investment Management LLC now owns 38,138 shares of the company’s stock worth $304,000 after buying an additional 1,245 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.
OraSure Technologies Company Profile
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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