Point72 Asset Management L.P. Takes Position in OraSure Technologies, Inc. (OSUR)

Point72 Asset Management L.P. purchased a new stake in shares of OraSure Technologies, Inc. (NASDAQ:OSUR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,400 shares of the medical instruments supplier’s stock, valued at approximately $122,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in OraSure Technologies during the first quarter valued at about $113,000. Cubist Systematic Strategies LLC bought a new position in shares of OraSure Technologies during the first quarter valued at about $139,000. Private Advisor Group LLC bought a new position in shares of OraSure Technologies during the first quarter valued at about $181,000. Engineers Gate Manager LP bought a new position in shares of OraSure Technologies during the second quarter valued at about $197,000. Finally, Xact Kapitalforvaltning AB bought a new position in shares of OraSure Technologies during the second quarter valued at about $198,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

In related news, Director Charles W. Patrick sold 8,000 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $16.29, for a total value of $130,320.00. Following the completion of the transaction, the director now directly owns 54,298 shares of the company’s stock, valued at $884,514.42. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on OSUR shares. TheStreet raised shares of OraSure Technologies from a “c+” rating to a “b” rating in a research note on Thursday, August 9th. Stephens downgraded shares of OraSure Technologies from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 16th. BidaskClub downgraded shares of OraSure Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. ValuEngine raised shares of OraSure Technologies from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Finally, Zacks Investment Research downgraded shares of OraSure Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. OraSure Technologies presently has an average rating of “Hold” and an average price target of $21.33.

Shares of NASDAQ:OSUR opened at $15.25 on Tuesday. OraSure Technologies, Inc. has a 12 month low of $12.86 and a 12 month high of $23.01. The stock has a market cap of $937.79 million, a PE ratio of 29.90, a PEG ratio of 3.41 and a beta of 1.61.

OraSure Technologies (NASDAQ:OSUR) last released its quarterly earnings results on Wednesday, August 8th. The medical instruments supplier reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. OraSure Technologies had a net margin of 8.38% and a return on equity of 5.85%. The company had revenue of $43.60 million during the quarter, compared to the consensus estimate of $42.24 million. During the same period in the prior year, the firm earned $0.09 earnings per share. OraSure Technologies’s revenue was up 8.5% on a year-over-year basis. sell-side analysts predict that OraSure Technologies, Inc. will post 0.36 EPS for the current year.

OraSure Technologies Company Profile

OraSure Technologies, Inc, together with its subsidiaries, develops, manufactures, markets, and sells oral fluid diagnostic products and specimen collection devices in the United States, Europe, and internationally. It operates in two segments, OSUR and DNAG. The company also offers other diagnostic products, such as immunoassays and other in vitro diagnostic tests.

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Institutional Ownership by Quarter for OraSure Technologies (NASDAQ:OSUR)

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