Can Quidel Corporation (QDEL)’s Tomorrow be Different? The Stock Just Broke Its High

April 18, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.17 in 2017 Q4. Its down 0.03, from 1.2 in 2017Q3. It dived, as 18 investors sold Quidel Corporation shares while 35 reduced holdings. 27 funds opened positions while 35 raised stakes. 30.94 million shares or 0.83% more from 30.68 million shares in 2017Q3 were reported.
Eagle Boston Invest Mngmt Incorporated accumulated 1.44% or 332,888 shares. Loomis Sayles & L P owns 0.02% invested in Quidel Corporation (NASDAQ:QDEL) for 261,282 shares. Geode Capital Management Ltd Liability Corporation owns 403,788 shares or 0.01% of their US portfolio. Td Asset Management Inc holds 0% of its portfolio in Quidel Corporation (NASDAQ:QDEL) for 42,084 shares. Gamco Invsts Inc Et Al, a New York-based fund reported 565,200 shares. Tower Cap Lc (Trc) holds 0% or 199 shares. State Bank Of America Corp De accumulated 0% or 89,242 shares. Schwab Charles Investment Management reported 0.01% of its portfolio in Quidel Corporation (NASDAQ:QDEL). Swiss National Bank & Trust has invested 0% in Quidel Corporation (NASDAQ:QDEL). Susquehanna International Group Inc Llp has invested 0% in Quidel Corporation (NASDAQ:QDEL). Renaissance Technologies Ltd holds 0.03% or 623,800 shares in its portfolio. Shellback Capital Ltd Partnership holds 373,443 shares. 371,245 were reported by Mesirow Inv. Parametric Portfolio Associates Limited invested in 0% or 60,204 shares. 266,001 were accumulated by Point72 Asset Mngmt L P.

Since October 27, 2017, it had 0 insider purchases, and 10 selling transactions for $15.28 million activity. $582,031 worth of stock was sold by SCHULER JACK W on Monday, January 22. 36,000 shares were sold by BRYANT DOUGLAS C, worth $1.50M on Friday, October 27. Bujarski Robert Joseph sold $4.40 million worth of stock. Kroll Werner sold $661,529 worth of Quidel Corporation (NASDAQ:QDEL) on Friday, December 8. $1.46 million worth of Quidel Corporation (NASDAQ:QDEL) was sold by STEWARD RANDALL J on Tuesday, December 12.

The stock of Quidel Corporation (NASDAQ:QDEL) hit a new 52-week high and has $61.69 target or 8.00 % above today’s $57.12 share price. The 9 months bullish chart indicates low risk for the $2.13 billion company. The 1-year high was reported on Apr, 18 by Barchart.com. If the $61.69 price target is reached, the company will be worth $170.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.10% or $0.62 during the last trading session, reaching $57.12. About 83,125 shares traded. Quidel Corporation (NASDAQ:QDEL) has risen 128.16% since April 18, 2017 and is uptrending. It has outperformed by 116.61% the S&P500.

Analysts await Quidel Corporation (NASDAQ:QDEL) to report earnings on April, 23. They expect $0.92 earnings per share, up 119.05 % or $0.50 from last year’s $0.42 per share. QDEL’s profit will be $34.31M for 15.52 P/E if the $0.92 EPS becomes a reality. After $-0.11 actual earnings per share reported by Quidel Corporation for the previous quarter, Wall Street now forecasts -936.36 % EPS growth.

Quidel Corporation (NASDAQ:QDEL) Ratings Coverage

Among 8 analysts covering Quidel Corp (NASDAQ:QDEL), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Quidel Corp had 13 analyst reports since October 24, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Monday, March 26 by Craig Hallum. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, April 3 report. William Blair maintained the shares of QDEL in report on Friday, April 13 with “Buy” rating. The rating was maintained by Canaccord Genuity with “Buy” on Tuesday, January 2. Canaccord Genuity maintained it with “Buy” rating and $52.0 target in Thursday, December 21 report. The stock has “Buy” rating by C.L. King on Thursday, January 4. The stock has “Overweight” rating by Barclays Capital on Monday, April 2. The stock of Quidel Corporation (NASDAQ:QDEL) has “Overweight” rating given on Thursday, November 2 by Barclays Capital. The stock of Quidel Corporation (NASDAQ:QDEL) earned “Buy” rating by CL King on Thursday, January 4. Barclays Capital maintained Quidel Corporation (NASDAQ:QDEL) on Monday, January 22 with “Buy” rating.

Quidel Corporation develops, manufactures, and markets diagnostic testing solutions for applications primarily in infectious diseases, POC womenÂ’s and general health, and gastrointestinal diseases. The company has market cap of $2.13 billion. The firm offers Sofia influenza A+B and QuickVue influenza tests to detect viral antigens of influenza type A and B; Sofia strep A fluorescent immunoassay and QuickVue Strep A tests to detect group A Streptococcal antigen from throat swabs; and Sofia Respiratory Syncytial Virus , QuickVue RSV, and Quidel Molecular RSV + human metapneumovirus tests for respiratory syncytial virus. It currently has negative earnings. It also provides various products to detect various herpes simplex virus (HSV) and herpes family viruses; H&V-Mix to isolate HSV, VZV, and Cytomegalovirus; R-Mix to detect Influenza A and B, RSV, Adenovirus, and Parainfluenza types 1, 2, and 3; Sofia S.

Quidel Corporation (NASDAQ:QDEL) Institutional Positions Chart

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