Jack W. Schuler Sells 4,000 Shares of Quidel Co. (QDEL) Stock
Quidel Co. (NASDAQ:QDEL) Director Jack W. Schuler sold 4,000 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $47.02, for a total transaction of $188,080.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Quidel Co. (NASDAQ QDEL) traded down $0.93 during trading on Tuesday, reaching $45.77. 469,153 shares of the company were exchanged, compared to its average volume of 445,046. The company has a market capitalization of $1,560.00, a P/E ratio of -286.06, a P/E/G ratio of 1.51 and a beta of 1.15. Quidel Co. has a 1-year low of $18.25 and a 1-year high of $47.60. The company has a current ratio of 6.28, a quick ratio of 5.68 and a debt-to-equity ratio of 0.70.
Quidel (NASDAQ:QDEL) last released its earnings results on Wednesday, November 1st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.21). The business had revenue of $50.89 million during the quarter, compared to the consensus estimate of $50.47 million. Quidel had a negative net margin of 2.33% and a negative return on equity of 2.36%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. analysts predict that Quidel Co. will post -0.23 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on QDEL. CL King raised shares of Quidel from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Thursday, January 4th. Zacks Investment Research downgraded shares of Quidel from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 target price (up previously from $48.00) on shares of Quidel in a research report on Thursday, December 21st. BidaskClub raised shares of Quidel from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $50.00 target price on shares of Quidel in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.00.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Quidel by 3.2% in the second quarter. Vanguard Group Inc. now owns 2,195,101 shares of the company’s stock valued at $59,575,000 after acquiring an additional 68,549 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Quidel by 8.1% in the second quarter. Macquarie Group Ltd. now owns 1,292,492 shares of the company’s stock valued at $35,078,000 after acquiring an additional 96,565 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Quidel by 0.7% in the third quarter. New York State Common Retirement Fund now owns 899,390 shares of the company’s stock valued at $39,447,000 after acquiring an additional 6,635 shares during the last quarter. Fred Alger Management Inc. lifted its stake in Quidel by 0.4% in the second quarter. Fred Alger Management Inc. now owns 672,880 shares of the company’s stock valued at $18,262,000 after acquiring an additional 2,757 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Quidel by 27.6% in the second quarter. Renaissance Technologies LLC now owns 612,487 shares of the company’s stock valued at $16,623,000 after acquiring an additional 132,587 shares during the last quarter. 92.67% of the stock is owned by institutional investors and hedge funds.
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Quidel Company Profile
Quidel Corporation is engaged in the development, manufacturing and marketing of diagnostic testing solutions. These diagnostic testing solutions are separated into four product categories: immunoassays, molecular assays, virology and specialty products. The Company 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, pharmacies and wellness screening centers.
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