Quidel Corp. (QDEL) Receives Consensus Rating of “Hold” from Analysts
Shares of Quidel Corp. (NASDAQ:QDEL) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.50.
Several research firms have weighed in on QDEL. Zacks Investment Research upgraded shares of Quidel Corp. from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, July 29th. Canaccord Genuity restated a “hold” rating and set a $22.00 price target on shares of Quidel Corp. in a research report on Friday, July 29th.
In related news, CEO Douglas C. Bryant sold 2,832 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $22.00, for a total value of $62,304.00. Following the completion of the sale, the chief executive officer now owns 276,843 shares of the company’s stock, valued at $6,090,546. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Bryant sold 69,168 shares of the company’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $21.76, for a total transaction of $1,505,095.68. Following the completion of the sale, the chief executive officer now directly owns 291,121 shares of the company’s stock, valued at approximately $6,334,792.96. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/quidel-corp-qdel-receives-consensus-rating-of-hold-from-analysts.html
A number of large investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its stake in Quidel Corp. by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 27,980 shares of the company’s stock valued at $500,000 after buying an additional 104 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of Quidel Corp. by 1.5% in the second quarter. BlackRock Advisors LLC now owns 14,211 shares of the company’s stock worth $254,000 after buying an additional 204 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of Quidel Corp. by 0.8% in the second quarter. Teachers Advisors Inc. now owns 47,034 shares of the company’s stock worth $840,000 after buying an additional 351 shares during the last quarter. I.G. Investment Management LTD. increased its stake in shares of Quidel Corp. by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 61,533 shares of the company’s stock worth $1,099,000 after buying an additional 1,121 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Quidel Corp. by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 103,229 shares of the company’s stock worth $1,844,000 after buying an additional 1,782 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.
Shares of Quidel Corp. (NASDAQ:QDEL) traded up 0.42% during mid-day trading on Wednesday, hitting $21.39. 59,587 shares of the company traded hands. The firm has a 50-day moving average price of $21.73 and a 200 day moving average price of $19.39. The firm’s market cap is $692.86 million. Quidel Corp. has a 52-week low of $13.21 and a 52-week high of $23.94.
Quidel Corp. (NASDAQ:QDEL) last released its earnings results on Wednesday, July 27th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.14. Quidel Corp. had a negative net margin of 6.59% and a negative return on equity of 1.06%. The firm earned $39.10 million during the quarter, compared to analyst estimates of $37.98 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts anticipate that Quidel Corp. will post ($0.14) EPS for the current fiscal year.
About Quidel Corp.
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions. The Company’s diagnostic testing solutions primarily include applications in infectious diseases, women’s health and gastrointestinal diseases. It sells its products directly to end users and distributors, in each case, for professional use in physician offices, hospitals, clinical laboratories, reference laboratories, universities, retail clinics and wellness screening centers.
Receive News & Ratings for Quidel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quidel Corp. and related companies with MarketBeat.com's FREE daily email newsletter.