StockNews.com upgraded shares of OraSure Technologies (NASDAQ:OSUR – Free Report) from a hold rating to a buy rating in a research note released on Friday.
Separately, Evercore ISI boosted their price target on shares of OraSure Technologies from $4.50 to $5.00 and gave the company an in-line rating in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, OraSure Technologies currently has an average rating of Moderate Buy and an average target price of $6.67.
OraSure Technologies Stock Down 1.2 %
OraSure Technologies (NASDAQ:OSUR – Get Free Report) last released its earnings results on Tuesday, August 6th. The medical instruments supplier reported $0.03 earnings per share (EPS) for the quarter. OraSure Technologies had a net margin of 9.88% and a return on equity of 9.15%. The business had revenue of $54.34 million during the quarter, compared to analyst estimates of $53.35 million. On average, research analysts anticipate that OraSure Technologies will post -0.11 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in OraSure Technologies in the first quarter valued at about $72,000. Mackenzie Financial Corp acquired a new stake in shares of OraSure Technologies during the second quarter worth about $72,000. Tocqueville Asset Management L.P. lifted its position in shares of OraSure Technologies by 20.0% during the first quarter. Tocqueville Asset Management L.P. now owns 15,089 shares of the medical instruments supplier’s stock worth $93,000 after purchasing an additional 2,512 shares in the last quarter. Shikiar Asset Management Inc. acquired a new stake in shares of OraSure Technologies during the second quarter worth about $96,000. Finally, SkyView Investment Advisors LLC lifted its position in shares of OraSure Technologies by 100.0% during the second quarter. SkyView Investment Advisors LLC now owns 24,000 shares of the medical instruments supplier’s stock worth $102,000 after purchasing an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.
OraSure Technologies Company Profile
OraSure Technologies, Inc, together with its subsidiaries, provides point-of-care and home diagnostic tests, specimen collection devices, and microbiome laboratory and analytical services in the United States, Europe, and internationally. The company’s products include InteliSwab COVID-19 rapid test, InteliSwab COVID-19 rapid test pro, InteliSwab COVID-19 rapid test rx, OraQuick Rapid HIV test, OraQuick In-Home HIV test, OraQuick HIV self-test, OraQuick HCV rapid antibody test, OraQuick Ebola rapid antigen test, OraSure oral fluid collection device used in conjunction with screening and confirmatory tests for HIV-1 antibodies; Intercept drug testing systems; immunoassay tests and reagents; and Q.E.D.
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