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

Quidel Co. (NASDAQ:QDEL) Director Kenneth F. Buechler sold 4,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $68.86, for a total value of $275,440.00. Following the sale, the director now owns 54,433 shares in the company, valued at approximately $3,748,256.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

QDEL stock traded down $1.26 during midday trading on Friday, reaching $67.16. The company’s stock had a trading volume of 248,362 shares, compared to its average volume of 216,918. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.40. The stock has a fifty day simple moving average of $60.05 and a two-hundred day simple moving average of $60.72. Quidel Co. has a 1 year low of $44.27 and a 1 year high of $74.78. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 1.00 and a beta of 1.39.

Quidel (NASDAQ:QDEL) last released its earnings results on Thursday, August 8th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Quidel had a return on equity of 23.34% and a net margin of 13.71%. The business had revenue of $108.25 million for the quarter, compared to analyst estimates of $108.40 million. During the same quarter last year, the firm posted $0.36 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that Quidel Co. will post 2.69 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in QDEL. Pitcairn Co. grew its position in shares of Quidel by 2.6% during the 2nd quarter. Pitcairn Co. now owns 7,214 shares of the company’s stock worth $428,000 after buying an additional 182 shares in the last quarter. First Light Asset Management LLC grew its position in shares of Quidel by 0.5% during the 2nd quarter. First Light Asset Management LLC now owns 54,943 shares of the company’s stock worth $3,259,000 after buying an additional 268 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Quidel by 7.6% during the 2nd quarter. Prudential Financial Inc. now owns 3,837 shares of the company’s stock worth $228,000 after buying an additional 270 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Quidel by 190.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 589 shares of the company’s stock worth $35,000 after buying an additional 386 shares in the last quarter. Finally, United Services Automobile Association grew its position in shares of Quidel by 4.8% during the 2nd quarter. United Services Automobile Association now owns 8,468 shares of the company’s stock worth $502,000 after buying an additional 389 shares in the last quarter. Institutional investors and hedge funds own 91.04% of the company’s stock.

Several analysts recently weighed in on QDEL shares. Canaccord Genuity restated a “buy” rating and set a $70.00 price target on shares of Quidel in a report on Monday, July 1st. Craig Hallum upgraded Quidel from a “hold” rating to a “buy” rating and increased their target price for the stock from $63.00 to $75.00 in a research note on Thursday, August 29th. TheStreet lowered Quidel from a “b” rating to a “c+” rating in a research note on Thursday, August 8th. ValuEngine upgraded Quidel from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BidaskClub lowered Quidel from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Quidel currently has a consensus rating of “Buy” and an average target price of $73.00.

Quidel Company Profile

Quidel Corporation develops, manufactures, and markets diagnostic testing solutions for applications in infectious diseases, cardiology, thyroid, women's and general health, eye health, gastrointestinal diseases, and toxicology. The company offers Sofia and Sofia 2 fluorescent immunoassay systems; QuickVue, a lateral flow immunoassay products; and InflammaDry and AdenoPlus, a point-of-care products for the detection of infectious and inflammatory diseases and conditions of the eye.

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

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