OraSure Technologies Stock (NASDAQ: OSUR)

OraSure Technologies (NASDAQ:OSUR) Stock, Quote.Headers.trade-ideas

OraSure Technologies

OraSure Technologies Inc is a medical devices company that develops, manufactures, and distributes oral fluid diagnostic and collection devices. Its reportable segments are diagnostics and molecular solutions. The diagnostics segment produces rapid oral diagnostic tests and specimen collection devices for infectious diseases such as HIV and HCV. The molecular solutions segment specializes in kits used to collect, stabilize, and transport genetic material samples for molecular testing of both hereditary diseases and infectious diseases, such as COVID-19. The company gets majority of its sales from the molecular solutions business, derived mainly from customers in the United States.

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OraSure Technologies, Inc. - Common Stock

OraSure Technologies Inc

OraSure Technologies, Inc. ("OTI") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>), a leader in point-of-need and home diagnostic tests and sample management solutions, today announced the acquisition of Sherlock Biosciences, Inc., a global health company bringing next-generation diagnostics to consumers and healthcare providers.
This acquisition expands OraSure's innovation pipeline with the addition of Sherlock's molecular diagnostics platform, which is able to provide rapid results with strong sensitivity and specificity in a disposable format that is well-suited for over-the-counter usage. Sherlock's first molecular self-test is for Chlamydia Trachomatis (CT) and Neisseria Gonorrhoeae (NG) which will expand OraSure's portfolio of rapid diagnostics for sexually transmitted infections (STIs), subject to regulatory approvals. Test results are expected to be provided in under 30 minutes by analyzing DNA and RNA from self-collected swabs using isothermal amplification. In addition, Sherlock has been developing a pipeline of other molecular tests, along with several next-generation technology platforms, including Ambient Temperature Amplification and CRISPR-based technologies that have the potential to further reduce costs and improve performance of its platforms.

OraSure Technologies Acquires Sherlock Biosciences; No Financial Terms Disclosed

OraSure Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>), a leader in point-of-care and home diagnostic tests and sample management solutions, today announced that it received an award through the Rapid Response Partnership Vehicle (RRPV) for the development of a Marburg Virus Disease (MVD) rapid antigen test. The RRPV is a Consortium funded by the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response (ASPR) within the U.S. Department of Health and Human Services (HHS).
The initial contract award, valued at approximately $7.5 million over multiple years in the base period with potential value up to $11 million, funds the development to achieve U.S. Food and Drug Administration (FDA) 510(k) clearance of a single-use lateral flow immunoassay intended for the qualitative detection of antigens from viruses within the Marburg virus genus. We expect that the proposed test will be intended for use with specimens from individuals with epidemiological risk factors who have signs or symptoms of MVD or from recently deceased individuals with epidemiological risk factors who are suspected to have died of MVD.

OraSure Secures $7.5M Contract With $11M Potential for Marburg Virus Rapid Test Development

OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) reported quarterly losses of $(0.01) per share which beat the analyst consensus estimate of $(0.08) by 87.5 percent. The company reported quarterly sales of $39.915 million which beat the analyst consensus estimate of $39.019 million by 2.30 percent. This is a 55.25 percent decrease over sales of $89.187 million the same period last year.

Earnings

Earnings Beats

OraSure Technologies Q3 2024 Adj. EPS $(0.01) Beats $(0.08) Estimate, Sales $39.915M Beat $39.019M Estimate

Disclosed in the latest SEC filing, a significant insider purchase on September 10, involves John Kenny, Board Member at OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>).
What Happened: In a recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001116463/000106299324016411//Archives/edgar/data/1116463/000106299324016411/0001062993-24-016411-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday, Kenny increased their investment in OraSure Technologies by purchasing 23,256 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $100,000.
Monitoring the market, OraSure Technologies's shares up by 0.48% at $4.23 during Wednesday's morning.
<h3>About OraSure Technologies</h3>
OraSure Technologies Inc is a medical devices company that develops, manufactures, and distributes oral fluid diagnostic and collection devices. Its reportable segments are diagnostics and molecular solutions. The diagnostics segment produces rapid oral diagnostic tests and specimen collection devices for infectious diseases such as HIV and HCV. The molecular solutions segment specializes in kits used to collect, stabilize, and transport genetic material samples for molecular testing of both hereditary diseases and infectious diseases, such as COVID-19. The company gets majority of its sales from the molecular solutions business, derived mainly from customers in the United States.
<h3>OraSure Technologies: Delving into Financials</h3>
Negative Revenue Trend: Examining OraSure Technologies's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -36.41% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Health Care sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 45.44%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): OraSure Technologies's EPS reflects a decline, falling below the industry average with a current EPS of -0.01.
</li>
</ul>
Debt Management: OraSure Technologies's debt-to-equity ratio is below the industry average at 0.03, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 11.69 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 1.15 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 1.91 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001116463">Check Out The Full List Of OraSure Technologies's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Smart Money Move: John Kenny Grabs $100K Worth Of OraSure Technologies Stock

WIIM

OraSure Technologies shares are trading lower after the company issued Q3 revenue guidance below estimates.

Evercore ISI Group analyst Vijay Kumar maintains OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) with a In-Line and raises the price target from $4.5 to $5.

Price Target

Analyst Ratings

Evercore ISI Group Maintains In-Line on OraSure Technologies, Raises Price Target to $5

Financial Guidance
The Company is guiding to Q3 2024 revenues of $37 to $41 million, which includes Core revenues of $36 to $39 million and InteliSwab&#xAE; revenues of $1 to $2 million.

Guidance

OraSure Sees Q3 2024 Revenue $37M-$41M Vs $52.13M Estimate

OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $(0.03) by 333.33 percent. The company reported quarterly sales of $54.335 million which beat the analyst consensus estimate of $52.132 million by 4.23 percent. This is a 36.41 percent decrease over sales of $85.441 million the same period last year.

OraSure Technologies Q2 2024 Adj. EPS $0.07 Beats $(0.03) Estimate, Sales $54.335M Beat $52.132M Estimate

Evercore ISI Group analyst Vijay Kumar maintains OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) with a In-Line and lowers the price target from $5.5 to $4.5.

Evercore ISI Group Maintains In-Line on OraSure Technologies, Lowers Price Target to $4.5

JP Morgan analyst Casey Woodring maintains OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) with a Neutral and lowers the price target from $7 to $6.

JP Morgan Maintains Neutral on OraSure Technologies, Lowers Price Target to $6

OraSure Sees Q2 2024 Revenue $50M-$55M Vs $53.7M Estimate

OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.01 by 300 percent. This is a 91.49 percent decrease over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $54.132 million which beat the analyst consensus estimate of $52.102 million by 3.90 percent. This is a 65.07 percent decrease over sales of $154.963 million the same period last year.

OraSure Technologies Q1 2024 Adj EPS $0.04 Beats $0.01 Estimate, Sales $54.132M Beat $52.102M Estimate

Evercore ISI Group analyst Vijay Kumar maintains OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) with a In-Line and lowers the price target from $7 to $6.5.

Evercore ISI Group Maintains In-Line on OraSure Technologies, Lowers Price Target to $6.5

OraSure Technologies shares are trading higher after the company reported better-than-expected Q4 financial results.

OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) reported its Q4 earnings results on Tuesday, February 27, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
OraSure Technologies beat estimated earnings by 175.0%, reporting an EPS of $0.22 versus an estimate of $0.08.
Revenue was down $47.20 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.23 which was followed by a 3.0% increase in the share price the next day.
Here's a look at OraSure Technologies's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.04</td>
<td>-0.08</td>
<td>0.14</td>
<td>-0.01</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.27</td>
<td>0.09</td>
<td>0.47</td>
<td>0.36</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>74.96M</td>
<td>63.86M</td>
<td>126.57M</td>
<td>97.10M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>89.19M</td>
<td>85.44M</td>
<td>154.96M</td>
<td>123.08M</td>
</tr>
</tbody>
</table>

To track all earnings releases for OraSure Technologies <a href="https://www.benzinga.com/quote/OSUR/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

OraSure Technologies: Q4 Earnings Insights

OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.09 by 144.44 percent. The company reported quarterly sales of $75.88 million which beat the analyst consensus estimate of $74.12 million by 2.38 percent. This is a 38.35 percent decrease over sales of $123.08 million the same period last year.

OraSure Technologies Q4 2023 Adj EPS $0.22 Beats $0.09 Estimate, Sales $75.88M Beat $74.12M Estimate

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Earnings Scheduled For February 27, 2024

OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-27. Here's what investors need to know before the announcement.
Analysts estimate that OraSure Technologies will report an earnings per share (EPS) of $0.08. 
OraSure Technologies bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.23, which was followed by a 2.87% increase in the share price the next day.
Here's a look at OraSure Technologies's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.04</td>
<td>-0.08</td>
<td>0.14</td>
<td>-0.01</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.27</td>
<td>0.09</td>
<td>0.47</td>
<td>0.36</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.0%</td>
<td>32.0%</td>
<td>5.0%</td>
<td>12.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708963313_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of OraSure Technologies were trading at $6.96 as of February 23. Over the last 52-week period, shares are up 10.38%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/OSUR/earnings">To track all earnings releases for OraSure Technologies visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: OraSure Technologies's Earnings

Contracts

OraSure Technologies Announced It Is Leading The Series B Financing And Has Penned Wide-ranging Strategic Distribution Deals With Sapphiros And Certain Of Its Related Entities

Citigroup analyst Patrick Donnelly maintains OraSure Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSUR#NASDAQ">OSUR</a>) with a Buy and raises the price target from $7 to $9.

Citigroup Maintains Buy on OraSure Technologies, Raises Price Target to $9

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OraSure Technologies Appoints New Independent Director

OraSure Technologies: Nursing A COVID-19 Hangover

OraSure Technologies Non-GAAP EPS of -$0.01 beats by $0.01, revenue of $39.92M beats by $0.9M

OraSure Technologies, Inc. (OSUR) Q3 2024 Earnings Call Transcript

OraSure Technologies: Discounted Assets With An Attractive Free Call Option

OraSure Technologies: Return To Profitability Is Uncertain

OraSure Technologies acquires Sherlock Biosciences

OraSure (OSUR) announced the acquisition of Sherlock Biosciences. This acquisition expands OraSure's pipeline with the addition of Sherlock's molec...

OraSure acquires Sherlock Biosciences, terms undisclosed

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