Todays Report: Today: OraSure Technologies Inc. (OSUR) SVP Jack E. Jerrett Sold 24,000 Shares

Today: OraSure Technologies Inc. (OSUR) SVP Jack E. Jerrett Sold 24,000 Shares

OraSure Technologies Inc. (NASDAQ:OSUR) SVP Jack E. Jerrett sold 24,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $9.00, for a total transaction of $216,000.00. Following the completion of the sale, 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 filing with the SEC, which is available at the SEC website.

Shares of OraSure Technologies Inc. (NASDAQ:OSUR) opened at 8.93 on Monday. The stock has a market cap 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. The company has a 50 day moving average of $7.90 and a 200 day moving average of $7.48.

OraSure Technologies (NASDAQ:OSUR) last announced its earnings results on Wednesday, November 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business earned $32.25 million during 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 firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.03 EPS. Equities research analysts expect that OraSure Technologies Inc. will post $0.29 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on OSUR. Canaccord Genuity set a $10.00 price target on shares of OraSure Technologies and gave the stock a “buy” rating in a research note on Sunday, October 23rd. BTIG Research reaffirmed a “buy” rating on shares of OraSure Technologies in a research note on Wednesday, August 24th. Jefferies Group reaffirmed a “buy” rating and issued a $10.00 price target (up from $8.00) on shares of OraSure Technologies in a research note on Wednesday, August 31st. TheStreet raised shares of OraSure Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, August 30th. Finally, Stephens raised shares of OraSure Technologies from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 29th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $8.58.

Several large investors have recently made changes to their positions in OSUR. Acadian Asset Management LLC boosted its stake in shares of OraSure Technologies by 58.7% in the third quarter. Acadian Asset Management LLC now owns 1,997,040 shares of the company’s stock worth $15,917,000 after buying an additional 739,045 shares during the period. Renaissance Technologies LLC boosted its stake in shares of OraSure Technologies by 36.5% in the first quarter. Renaissance Technologies LLC now owns 2,693,603 shares of the company’s stock worth $19,475,000 after buying an additional 720,700 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of OraSure Technologies during the third quarter worth about $4,768,000. Vanguard Group Inc. boosted its stake in shares of OraSure Technologies by 21.7% in the second quarter. Vanguard Group Inc. now owns 2,884,015 shares of the company’s stock worth $17,045,000 after buying an additional 515,201 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of OraSure Technologies by 44.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,582,869 shares of the company’s stock worth $9,357,000 after buying an additional 484,702 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

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