Here is the rundown on market activity for OraSure Technologies, Inc. (NASDAQ:OSUR). Douglas A. Michels, President & CEO let go of $205,500 worth of shares at an average price of $8.22 on September 26th. Michels now owns $6,221,702 of stock per an SEC filing yesterday. Charles W. Patrick, Director sold $217,041 worth of shares at a price of $8.25 on Wed the 31st. That brings the Director’s holdings to $122,966 as reported to the SEC.
Jack E. Jerrett, SVP & General Counsel sold $585,205 worth of shares at an average price of $8.52 on Tue the 30th. The SVP & General Counsel now owns $409,855 of the stock as recorded in a recent Form 4 SEC filing.
Here are some other firms who have updated their holdings. Nomura Holdings Inc trimmed its ownership by shedding 27,902 shares a decrease of 69.2% in the quarter. Nomura Holdings Inc currently owns 12,433 shares with a value of $75,000. The total value of its holdings decreased 71.3%. As of quarter end Royal Bank Of Canada had sold 17,434 shares trimming its holdings by 21.5%. The value of the investment in OSUR decreased from $586,000 to $376,000 a change of $210,000 for the reporting period.
Ifp Advisors, Inc divested its investment by selling 1,000 shares a decrease of 47.6% from 03/31/2016 to 06/30/2016. Ifp Advisors, Inc controls 1,100 shares worth $7,000. The value of the position overall is down by 53.3%. Schwab Charles Investment Management Inc bolstered its position by buying 36,790 shares an increase of 20.1%. Schwab Charles Investment Management Inc claims 219,840 shares valued at $1,300,000. The value of the position overall is up by 10.3%.
On September 19 the company was downgraded to “Neutral” from “” by BTIG Research. On August 24 Canaccord Genuity made no change to the stock rating of “Buy” but raised the price expectation from $8.00 to $10.00.
On June 13, 2016 the stock rating was changed to a “Market Perform” by Raymond James a cut from the previous “Outperform” rating. November 11 investment analysts at Canaccord Genuity left the company rating at “Buy” and lowered the price expectation to $8.00 from $9.00.
On May 7 Canaccord Genuity kept the stock rating at “Buy” and lowered the price target to $11.00 from $13.00. May 7 investment analysts at Jefferies left the stock rating at “Buy” but moved down the price target to $9.00 from $12.00.
In the market the company is trading down since yesterday’s close of $8.19. Shares are trading at $8.15 a tad above $7.98, the 50 day moving average and barely above the 200 day moving average of $7.22. The 50 day moving average went up $0.17 or +2.09% and the 200 day average was up $0.93.
The most current P/E ratio is 38.81 and the market cap is 453.14M. As of the last earnings report the EPS was $0.21 and is projected to be $0.27 for the current year with 55,600,000 shares currently outstanding. Next quarter’s EPS is expected be $0.09 and the next full year EPS is projected to be $0.13.
Traders are a little more bullish on shares of OraSure Technologies, Inc. of late considering the fall in short interest. The stock recorded a fall in short interest from August 31, 2016 to September 15, 2016 of -0.09%. Short interest fell from 1,985,419 to 1,811,844 over that timeframe. Days to cover increased 1.1 to 2.5 and the percentage of shorted shares was 0.03% on September 15.