Insider Selling: John Tamerius Sells 47,246 Shares of Quidel Corp. Stock (QDEL)
Quidel Corp. (NASDAQ:QDEL) SVP John Tamerius unloaded 47,246 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $27.69, for a total transaction of $1,308,241.74. Following the sale, the senior vice president now directly owns 32,019 shares of the company’s stock, valued at approximately $886,606. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Quidel Corp. (NASDAQ:QDEL) traded up 0.32% during mid-day trading on Wednesday, hitting $27.79. 157,175 shares of the company’s stock traded hands. Quidel Corp. has a 52 week low of $20.27 and a 52 week high of $32.24. The stock’s 50-day moving average is $29.56 and its 200-day moving average is $27.05. The company has a market cap of $943.5 million and a price-to-earnings ratio of 131.90.
Quidel Corp. (NASDAQ:QDEL) last released its earnings data on Tuesday, February 11th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.11. The company had revenue of $50.00 million for the quarter, compared to the consensus estimate of $48.67 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts expect that Quidel Corp. will post $0.39 EPS for the current fiscal year.
Separately, analysts at JMP Securities initiated coverage on shares of Quidel Corp. in a research note on Wednesday, December 18th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.00.
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions.
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