Northern Trust Corp purchased a new position in Guardant Health Inc (NASDAQ:GH) in the 4th quarter, Holdings Channel reports. The fund purchased 194,095 shares of the company’s stock, valued at approximately $7,296,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Citigroup Inc. purchased a new stake in Guardant Health during the fourth quarter worth about $94,000. Bank of New York Mellon Corp purchased a new stake in Guardant Health during the fourth quarter worth about $1,717,000. AGF Investments Inc. purchased a new stake in Guardant Health during the fourth quarter worth about $4,148,000. Massachusetts Financial Services Co. MA purchased a new stake in Guardant Health during the fourth quarter worth about $17,066,000. Finally, BlackRock Inc. purchased a new stake in shares of Guardant Health during the fourth quarter worth approximately $41,894,000. 69.45% of the stock is owned by institutional investors.
GH has been the topic of a number of recent research reports. William Blair restated an “outperform” rating on shares of Guardant Health in a research note on Wednesday, March 13th. JPMorgan Chase & Co. upped their target price on shares of Guardant Health from $42.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Zacks Investment Research lowered shares of Guardant Health from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. Bank of America restated a “neutral” rating and set a $60.00 target price (up from $42.00) on shares of Guardant Health in a research note on Thursday, February 28th. Finally, Cowen upped their target price on shares of Guardant Health from $40.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Guardant Health presently has an average rating of “Buy” and a consensus target price of $79.67.
In other Guardant Health news, major shareholder Vision Fund (Aiv M1) Softbank purchased 2,033,990 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was purchased at an average cost of $9.83 per share, with a total value of $19,994,121.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of GH opened at $74.02 on Tuesday. Guardant Health Inc has a 52-week low of $27.04 and a 52-week high of $106.58.
Guardant Health (NASDAQ:GH) last announced its quarterly earnings results on Tuesday, March 12th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.05. The business had revenue of $32.87 million during the quarter, compared to analyst estimates of $24.57 million. On average, sell-side analysts predict that Guardant Health Inc will post -1.5 EPS for the current fiscal year.
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Guardant Health Profile
Guardant Health, Inc, a precision oncology company, provides blood tests, data sets, and analytics in the United States and internationally. The company offers liquid biopsy tests for advanced stage cancer, such as Guardant360, a molecular diagnostic test that measures various cancer-related genes; and GuardantOMNI, a broader gene panel, including genes associated with homologous recombination repair deficiency and biomarkers for immuno-oncology applications.
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