OraSure Technologies (OSUR) Cut to Buy at BidaskClub

OraSure Technologies (NASDAQ:OSUR) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut OraSure Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $24.00 price target on shares of OraSure Technologies in a research note on Friday, February 2nd. ValuEngine cut OraSure Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Jefferies Group cut OraSure Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $22.25.

Shares of OraSure Technologies (OSUR) opened at $18.28 on Thursday. The firm has a market capitalization of $1,092.28, a price-to-earnings ratio of 35.31, a P/E/G ratio of 5.03 and a beta of 1.43. OraSure Technologies has a 12 month low of $10.70 and a 12 month high of $23.01.

OraSure Technologies (NASDAQ:OSUR) last issued its quarterly earnings results on Wednesday, February 7th. The medical instruments supplier reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $52.00 million for the quarter, compared to analysts’ expectations of $50.20 million. OraSure Technologies had a return on equity of 13.09% and a net margin of 18.52%. The firm’s revenue for the quarter was up 46.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. analysts predict that OraSure Technologies will post 0.29 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of OraSure Technologies in the third quarter worth $186,000. Shikiar Asset Management Inc. purchased a new stake in shares of OraSure Technologies in the fourth quarter worth $207,000. Piedmont Investment Advisors LLC purchased a new stake in shares of OraSure Technologies in the second quarter worth $216,000. Koch Industries Inc. purchased a new stake in shares of OraSure Technologies in the second quarter worth $216,000. Finally, ARP Americas LLC purchased a new stake in shares of OraSure Technologies in the third quarter worth $221,000. 91.62% of the stock is currently owned by hedge funds and other institutional investors.

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OraSure Technologies Company Profile

OraSure Technologies, Inc (OraSure) is involved in the development, manufacture, marketing and sale of oral fluid diagnostic products and specimen collection devices using its technologies, as well as other diagnostic products, including immunoassays and other in vitro diagnostic tests that are used on other specimen types.

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