Insider Selling: Quidel Co. (QDEL) Director Sells 4,000 Shares of Stock

Quidel Co. (NASDAQ:QDEL) Director Jack W. Schuler sold 4,000 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $47.02, for a total transaction of $188,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Quidel Co. (NASDAQ:QDEL) opened at $46.17 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 5.68 and a current ratio of 6.28. The firm has a market cap of $1,560.00, a PE ratio of -288.56, a price-to-earnings-growth ratio of 1.51 and a beta of 1.15. Quidel Co. has a 12 month low of $18.25 and a 12 month high of $47.60.

Quidel (NASDAQ:QDEL) last announced its earnings results on Wednesday, November 1st. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.21). Quidel had a negative return on equity of 2.36% and a negative net margin of 2.33%. The company had revenue of $50.89 million for the quarter, compared to analysts’ expectations of $50.47 million. During the same period last year, the business earned $0.10 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. equities analysts forecast that Quidel Co. will post -0.23 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of QDEL. Russell Investments Group Ltd. purchased a new position in shares of Quidel in the second quarter valued at approximately $209,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Quidel by 45.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 174,788 shares of the company’s stock valued at $4,744,000 after purchasing an additional 54,206 shares during the period. Legal & General Group Plc boosted its stake in shares of Quidel by 4.0% in the second quarter. Legal & General Group Plc now owns 7,209 shares of the company’s stock valued at $197,000 after purchasing an additional 278 shares during the period. Prudential Financial Inc. purchased a new position in shares of Quidel in the second quarter valued at approximately $2,399,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Quidel in the second quarter valued at approximately $527,000. 92.67% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on QDEL shares. Piper Jaffray Companies raised shares of Quidel from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $35.00 to $50.00 in a report on Tuesday, September 19th. Canaccord Genuity reissued a “buy” rating and issued a $48.00 price objective (up previously from $42.00) on shares of Quidel in a report on Tuesday, September 19th. 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 report on Thursday, January 4th. Zacks Investment Research lowered shares of Quidel from a “hold” rating to a “strong sell” rating in a report on Thursday, December 28th. Finally, BidaskClub raised shares of Quidel from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $50.00.

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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.

Insider Buying and Selling by Quarter for Quidel (NASDAQ:QDEL)

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