Quidel Corp. SVP John Tamerius Sells 5,000 Shares (QDEL)
Quidel Corp. (NASDAQ:QDEL) SVP John Tamerius unloaded 5,000 shares of Quidel Corp. stock on the open market in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $23.06, for a total transaction of $115,300.00. Following the completion of the transaction, the senior vice president now directly owns 30,766 shares in the company, valued at approximately $709,464. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Quidel Corp. from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $21.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of Quidel Corp. from a “buy” rating to a “hold” rating in a research note on Friday, April 25th. Finally, analysts at Canaccord Genuity cut their price target on shares of Quidel Corp. from $35.00 to $28.00 in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.33.
Shares of Quidel Corp. (NASDAQ:QDEL) traded down 0.18% during mid-day trading on Thursday, hitting $22.27. The stock had a trading volume of 120,808 shares. Quidel Corp. has a 52 week low of $19.21 and a 52 week high of $32.24. The stock’s 50-day moving average is $22.49 and its 200-day moving average is $26.15. The company’s market cap is $762.1 million.
Quidel Corp. (NASDAQ:QDEL) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.22. The company had revenue of $46.70 million for the quarter, compared to the consensus estimate of $63.26 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down 24.7% on a year-over-year basis. Analysts expect that Quidel Corp. will post $-0.11 EPS for the current fiscal year.
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions.
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