Trade Report: Today, 24,000 Shares of Stock are sold by Insider Selling: OraSure Technologies Inc. (OSUR) SVP

Today, 24,000 Shares of Stock are sold by Insider Selling: OraSure Technologies Inc. (OSUR) SVP

OraSure Technologies Inc. (NASDAQ:OSUR) SVP Jack E. Jerrett sold 24,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $9.00, for a total value of $216,000.00. Following the completion of the transaction, the senior vice president now directly owns 60,105 shares of the company’s stock, valued at $540,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of OraSure Technologies Inc. (NASDAQ:OSUR) traded up 0.68% during mid-day trading on Friday, hitting $8.93. The company had a trading volume of 176,658 shares. The firm has a 50-day moving average price of $7.88 and a 200 day moving average price of $7.46. The firm has a market capitalization of $497.67 million, a P/E ratio of 29.77 and a beta of 1.50. OraSure Technologies Inc. has a 12 month low of $5.09 and a 12 month high of $9.05.

OraSure Technologies (NASDAQ:OSUR) last announced its earnings results on Wednesday, November 2nd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. OraSure Technologies had a return on equity of 10.27% and a net margin of 13.70%. The company had revenue of $32.25 million for the quarter, compared to the consensus estimate of $31.45 million. During the same period last year, the business posted $0.03 EPS. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that OraSure Technologies Inc. will post $0.29 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on OSUR. Canaccord Genuity set a $10.00 target price on OraSure Technologies and gave the stock a “buy” rating in a research note on Sunday, October 23rd. Jefferies Group reduced their target price on OraSure Technologies from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. BTIG Research reaffirmed a “buy” rating on shares of OraSure Technologies in a research note on Wednesday, August 24th. Stephens raised OraSure Technologies from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 29th. Finally, TheStreet raised OraSure Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. OraSure Technologies currently has an average rating of “Buy” and a consensus price target of $8.58.

Several hedge funds and other institutional investors have recently made changes to their positions in OSUR. Cornerstone Capital Management Holdings LLC. boosted its stake in OraSure Technologies by 119.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 614,500 shares of the company’s stock valued at $4,896,000 after buying an additional 335,000 shares in the last quarter. Credit Suisse AG boosted its stake in OraSure Technologies by 14.8% in the third quarter. Credit Suisse AG now owns 180,765 shares of the company’s stock valued at $1,441,000 after buying an additional 23,357 shares in the last quarter. Verition Fund Management LLC acquired a new stake in OraSure Technologies during the third quarter valued at approximately $186,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in OraSure Technologies during the third quarter valued at approximately $269,000. Finally, Panagora Asset Management Inc. boosted its stake in OraSure Technologies by 15.9% in the third quarter. Panagora Asset Management Inc. now owns 414,178 shares of the company’s stock valued at $3,301,000 after buying an additional 56,753 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

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