The shares of Quidel Corporation (NASDAQ:QDEL) has been pegged with a rating of Strong Buy by Raymond James in its latest research note that was published on October 23, 2018. The Healthcare company has also assigned a $80 price target. Raymond James wasn’t the only research firm that published a report of Quidel Corporation, with other equities research analysts also giving their opinion on the stock. The stock had earned Overweight rating from Barclays Markets when it published its report on January 22, 2018. That day the Barclays set price target on the stock to $60. Piper Jaffray was of a view that QDEL is Overweight in its latest report on September 19, 2017. William Blair thinks that QDEL is worth Outperform rating.
The price of the stock the last time has raised by 53.72% from its 52-Week high price while it is -19.65% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 46.93.
The shares of the company dipped by -5.86% during the trading session on Wednesday, reaching a low of $79.18 while ending the day at $80.69. During the trading session, a total of 627599.0 shares were traded which represents a -75.36% decline from the average session volume which is 357890.0 shares. QDEL had ended its last session trading at $85.71. Quidel Corporation currently has a market cap of $3.37 billion, while its P/E ratio stands at 46.97, while its P/E earnings growth sits at 6.52, with a beta of 0.58. Quidel Corporation debt-to-equity ratio currently stands at 0.03, while its quick ratio hovers at 1.30 QDEL 52-week low price stands at $52.49 while its 52-week high price is $100.42.
The company in its last quarterly report recorded $0.94 earnings per share which is above the predicted by most analysts. The Quidel Corporation generated 52.77 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.64 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 10.64%. Quidel Corporation has the potential to record 2.90 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Goldman published a research note on March 25, 2020 where it informed investors and clients that Tenable Holdings Inc. (NASDAQ:TENB) is now rated as Buy. Their price target on the stock stands at $29. JP Morgan also rated TENB as Upgrade on October 30, 2019, with its price target of $31 suggesting that TENB could surge by 37.82% from its current share price. Even though the stock has been trading at $20.13/share, analysts expect it to surge by 7.80% to reach $34.90/share. It started the day trading at $22.40 and traded between $20.30 and $21.70 throughout the trading session.
A look at its technical shows that TENB’s 50-day SMA is 24.82 while its 200-day SMA stands at 25.03. The stock has a high of $36.26 for the year while the low is $16.28. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 1.63 M shorted shares, the short percentage went higher by 35.89%, as 2.22M QDEL shares were shorted. At the moment, only 1.95% of Tenable Holdings Inc. shares were sold short. The company’s average trading volume currently stands at 660.25K shares, which means that the short-interest ratio is just 2.47 days. Over the past seven days, the company moved, with its shift of 29.24%. Looking further, the stock has dropped -9.05% over the past 90 days while it lost -8.32% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Champlain Investment Partners LLC bought more TENB shares, increasing its portfolio by 67.76% during the last quarter. This move now sees The Champlain Investment Partners LLC purchasing 1,570,435 shares in the last quarter, thus it now holds 3,888,080 shares of TENB, with a total valuation of $95,335,722. The Vanguard Group, Inc. meanwhile bought more TENB shares in the recently filed quarter, changing its stake to $87,293,456 worth of shares.
Similarly, Mackenzie Financial Corp. increased its Tenable Holdings Inc. shares by 42.81% during the recently filed quarter. After buying 3,332,933 shares in the last quarter, the firm now controls 999,156 shares of Tenable Holdings Inc. which are valued at $81,723,517. In the same vein, Sylebra HK Co. Ltd. increased its Tenable Holdings Inc. shares by during the most recent reported quarter. The firm bought 523,562 shares during the quarter which increased its stakes to 3,255,354 shares and is now valued at $79,821,280. Following these latest developments, around 1.70% of Tenable Holdings Inc. stocks are owned by institutional investors and hedge funds.