OraSure Technologies, Inc. (OSUR) Entering an Endless Pit?

OraSure Technologies, Inc. (NASDAQ:OSUR) is now up 18.57% compared to a 12-month low of $9.15. We have seen the price to move 12.67% higher and get settled at $10.85 on 02/08/2019. At recent session, it appeared stuck in a range of $9.72 to $11.3995. This company shares are 42.86% off its target price of $15.5 and the current market capitalization stands at $664.11M. The recent change has given its price a -9.65% deficit over SMA 50 and -47.72% deficit over its 52-week high. The stock witnessed -7.97% declines, -24.91% declines and -34.68% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found OSUR’s volatility during a week at 7.35% and during a month it has been found around 4.24%.

OraSure Technologies, Inc. (OSUR) Top Holders

Institutional investors currently hold around $629 million or 92.3% in OSUR stock. Look at its top three institutional owners. Blackrock Inc. owns $96.59 million in OraSure Technologies, Inc., which represents roughly 14.54% of the company’s market cap and approximately 15.36% of the institutional ownership. Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 3,866,207 shares of the stock are valued at $41.95 million. The third largest holder is Wellington Management Group Llp, which currently holds $41.88 million worth of this stock and that ownership represents nearly 6.31% of its market capitalization.

OraSure Technologies, Inc. 13F Filings

At the end of December reporting period, 99 institutional holders increased their position in OraSure Technologies, Inc. (NASDAQ:OSUR) by some 8,459,763 shares, 88 decreased positions by 7,926,580 and 33 held positions by 41,554,875. That puts total institutional holdings at 57,941,218 shares, according to SEC filings. The stock grabbed 29 new institutional investments totaling 1,513,677 shares while 27 institutional investors sold out their entire positions totaling 1,651,113 shares.

OraSure Technologies, Inc. (NASDAQ:OSUR) Insider Trades

Multiple company employees have indulged in significant insider trading. OraSure Technologies, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Patrick Charles W has sold 8,000 shares of OraSure Technologies, Inc. (OSUR) in trading session dated Aug. 27, 2018. These shares are worth $130,320 and were traded at $16.29 each. The SEC filing shows that Smith Brian performed a sale of 20,000 shares. The EVP & BU Lead – Molecular disposed these shares by way of transaction on Feb. 16, 2018. The company’s shares were given away at $17.97 per share worth to an income of some $359,400 on account of Smith Brian.

Director, Tang Stephen S Phd, sold 23,333 common shares of OraSure Technologies, Inc. (OSUR) in the open market. In a transaction dated Feb. 15, 2018, the shares were put up for sale at an average price of $17.97, raking in a sum of $419,294. After this sale, 36,416 common shares of OSUR are directly owned by the insider, with total stake valued at $395,114.

In the transaction dated Nov. 07, 2017, the great number of shares acquired came courtesy the Director; Aspinall Mara G. added a total of 5,000 shares at an average price of $14.23, amounting to approximately $71,150. The insider now directly owns 5,000 shares worth $54,250.

OraSure Technologies, Inc. (OSUR) Analyst Guide

Several analysts have released their opinion on OraSure Technologies, Inc. (NASDAQ:OSUR), with 1 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation.