OraSure Technologies Inc. (NASDAQ:OSUR) CEO Douglas A. Michels sold 30,893 shares of OraSure Technologies stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $9.02, for a total value of $278,654.86. Following the completion of the sale, the chief executive officer now directly owns 731,898 shares in the company, valued at approximately $6,601,719.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of OraSure Technologies Inc. (NASDAQ:OSUR) opened at 8.44 on Tuesday. The stock’s 50 day moving average price is $7.92 and its 200-day moving average price is $7.50. The company has a market cap of $470.36 million, a PE ratio of 28.13 and a beta of 1.50. OraSure Technologies Inc. has a one year low of $5.09 and a one year high of $9.05.
OraSure Technologies (NASDAQ:OSUR) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. The company had revenue of $32.25 million for the quarter, compared to analysts’ expectations of $31.45 million. OraSure Technologies had a net margin of 13.70% and a return on equity of 10.27%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. On average, analysts expect that OraSure Technologies Inc. will post $0.29 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. acquired a new position in shares of OraSure Technologies during the second quarter valued at $363,000. Bank of New York Mellon Corp boosted its position in shares of OraSure Technologies by 166.0% in the second quarter. Bank of New York Mellon Corp now owns 715,490 shares of the company’s stock valued at $4,229,000 after buying an additional 446,468 shares during the last quarter. Hood River Capital Management LLC boosted its position in shares of OraSure Technologies by 25.7% in the second quarter. Hood River Capital Management LLC now owns 907,759 shares of the company’s stock valued at $5,365,000 after buying an additional 185,722 shares during the last quarter. HealthInvest Partners AB boosted its position in shares of OraSure Technologies by 17.3% in the second quarter. HealthInvest Partners AB now owns 475,771 shares of the company’s stock valued at $2,812,000 after buying an additional 70,000 shares during the last quarter. Finally, Smith Asset Management Group LP acquired a new position in shares of OraSure Technologies during the second quarter valued at $2,357,000. 81.91% of the stock is currently owned by institutional investors.
OSUR has been the topic of a number of recent research reports. BTIG Research reaffirmed a “buy” rating on shares of OraSure Technologies in a research report on Wednesday, August 24th. Canaccord Genuity boosted their price target on OraSure Technologies from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 24th. Jefferies Group lowered their price target on OraSure Technologies from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. TheStreet raised OraSure Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, August 30th. Finally, Stephens raised OraSure Technologies from an “equal weight” rating to an “overweight” rating in a research report on Monday, August 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $8.58.
OraSure Technologies Company Profile