Canada Pension Plan Investment Board acquired a new stake in Guardant Health, Inc. (NASDAQ:GH – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 10,500 shares of the company’s stock, valued at approximately $303,000.
A number of other large investors also recently bought and sold shares of the stock. Canton Hathaway LLC acquired a new stake in shares of Guardant Health during the second quarter valued at about $59,000. Byrne Asset Management LLC purchased a new position in shares of Guardant Health during the 2nd quarter worth approximately $77,000. Manchester Capital Management LLC acquired a new stake in Guardant Health in the 1st quarter valued at approximately $57,000. EntryPoint Capital LLC acquired a new stake in Guardant Health in the 1st quarter valued at approximately $75,000. Finally, Fullcircle Wealth LLC purchased a new stake in Guardant Health in the second quarter valued at approximately $211,000. Institutional investors and hedge funds own 92.60% of the company’s stock.
Guardant Health Trading Up 0.7 %
Shares of NASDAQ:GH opened at $22.88 on Friday. Guardant Health, Inc. has a 52 week low of $15.81 and a 52 week high of $37.04. The company’s 50 day moving average is $27.92 and its two-hundred day moving average is $25.18. The company has a market cap of $2.80 billion, a PE ratio of -5.84 and a beta of 1.11. The company has a current ratio of 6.40, a quick ratio of 6.07 and a debt-to-equity ratio of 16.70.
Wall Street Analyst Weigh In
GH has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on Guardant Health in a research report on Monday, June 3rd. They set a “buy” rating and a $32.00 price target for the company. Craig Hallum raised their target price on Guardant Health from $28.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, August 8th. The Goldman Sachs Group boosted their price target on shares of Guardant Health from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. increased their price target on shares of Guardant Health from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, TD Cowen lifted their price objective on shares of Guardant Health from $41.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.67.
View Our Latest Analysis on GH
Guardant Health Profile
Guardant Health, Inc, a precision oncology company, provides blood and tissue tests, data sets, and analytics in the United States and internationally. The company provides Guardant360; Guardant360 LDT; Guardant360 CDx Test; Guardant360 Response Test; Guardant360 TissueNext Test; GuardantINFINITY Test; GuardantConnect, an integrated software-based solution designed for clinical and biopharmaceutical customers to connect patients tested with assays with actionable alterations with potentially relevant clinical studies; GuardantOMNI Test for advanced stage cancer; and GuardantINFORM, an in-silico research platform for tumor evolution and treatment resistance across various biomarker-driven cancers.
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