Insider Sale Alert: OraSure Technologies Inc. [OSUR] – Is it Time to sell?


In a filing, OraSure Technologies Inc. revealed its SVP Finance & CAO Anthony Michele Marie unloaded Company’s shares for reported $11427.0 on Aug 15. In the deal valued at $6.50 per share,1,758 shares were sold. As a result of this transaction, Anthony Michele Marie now holds 86,188 shares worth roughly $ 0.56 million.

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Then, McGrath Kenneth J bought 100,000 shares, generating $492,810 in total proceeds. Upon buying the shares at $4.93, the Chief Financial Officer now owns 285,512 shares.

PT values the company’s stock at a premium of -28.8 to its Friday closing price.

Price Performance Review of OSUR

On Friday, OraSure Technologies Inc. [NASDAQ:OSUR] saw its stock fall -0.31% to $6.44. On the same session, the stock had its day’s lowest price of $6.42, but rose to a high of $6.6093. OraSure Technologies Inc. shares have risen nearly 33.61% since the year began. Nevertheless, the stocks have risen 57.46% over the past one year. While a 52-week high of $7.82 was reached on 05/11/23, a 52-week low of $3.45 was recorded on 07/20/23. SMA at 50 days reached $5.47, while 200 days put it at $5.63. A total of 0.37 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For OSUR Stock

The 24-hour chart illustrates a support level at 6.37, which if violated will result in even more drops to 6.30. On the upside, there is a resistance level at 6.56. A further resistance level may holdings at 6.68. The Relative Strength Index (RSI) on the 14-day chart is 55.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.30%. Stochastics %K at 42.76% indicates the stock is a holding.

How much short interest is there in OraSure Technologies Inc.?

A steep rise in short interest was recorded in OraSure Technologies Inc. stocks on Aug 14, 2023, growing by 0.56 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.9 million shares. There was a rise of 22.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.19% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.17.

OraSure Technologies Inc. [OSUR] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,561,255 shares, or roughly 15.78% of the outstanding OSUR shares. In other words, the investor’s shares have risen by 42,500 from its previous 13-F filing of 11518755.0. Additionally, The Vanguard Group, Inc. increased 3.47% of its stake after which the total value it holdings stand at $24,645,787. Over the last quarter, SSgA Funds Management, Inc. purchased 358,387 shares of OraSure Technologies Inc., while Dimensional Fund Advisors LP bought 345,677 shares. At present, Neuberger Berman Investment Advis is holding 3,092,400 shares valued at $14.6 million. Cannell Capital LLC owned 2,066,690 shares of the company at the time of its most recent 13F filing, worth $9.75 million.

According to FactSet, OraSure Technologies Inc.’s share price will average $5.95 in the next year, based on opinions of analysts polled by the firm. This is down nearly -7.12 percent from its previous closing price of $6.46. Analysts expect OraSure Technologies Inc. stock to reach the higher price of $7.00, while the lowest price estimate is $5.00. However, 6 analysts have rated OSUR stock as a Hold in their predictions for 2023.


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