Guardant Health, Inc. (NASDAQ:GH - Get Free Report) Director Musa Tariq sold 2,320 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $35.00, for a total transaction of $81,200.00. Following the completion of the transaction, the director now directly owns 2,676 shares of the company's stock, valued at approximately $93,660. The trade was a 46.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Guardant Health Trading Up 2.5 %
Shares of NASDAQ:GH opened at $35.62 on Tuesday. The company has a debt-to-equity ratio of 16.70, a current ratio of 6.22 and a quick ratio of 5.85. Guardant Health, Inc. has a 1 year low of $15.81 and a 1 year high of $38.53. The company has a market cap of $4.40 billion, a P/E ratio of -8.40 and a beta of 1.26. The stock's fifty day moving average price is $28.21 and its 200-day moving average price is $28.21.
Guardant Health (NASDAQ:GH - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.33). The company had revenue of $191.48 million for the quarter, compared to the consensus estimate of $170.49 million. Guardant Health had a negative net margin of 74.02% and a negative return on equity of 1,200.44%. Guardant Health's revenue was up 33.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.73) EPS. Sell-side analysts expect that Guardant Health, Inc. will post -3.44 earnings per share for the current year.
Analyst Ratings Changes
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A number of research firms have weighed in on GH. The Goldman Sachs Group upped their target price on Guardant Health from $32.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Sanford C. Bernstein reduced their price target on Guardant Health from $40.00 to $35.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 30th. UBS Group raised their price objective on Guardant Health from $32.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Leerink Partners reduced their target price on shares of Guardant Health from $60.00 to $50.00 and set an "outperform" rating on the stock in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Guardant Health from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Fifteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $40.60.
Get Our Latest Research Report on GH
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Guardant Health by 188.6% in the third quarter. Wellington Management Group LLP now owns 10,127,528 shares of the company's stock worth $232,325,000 after purchasing an additional 6,618,785 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Guardant Health by 1,282.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,226,176 shares of the company's stock worth $28,128,000 after buying an additional 1,137,482 shares during the last quarter. ARK Investment Management LLC grew its position in Guardant Health by 233.5% during the third quarter. ARK Investment Management LLC now owns 1,512,694 shares of the company's stock valued at $34,701,000 after buying an additional 1,059,104 shares during the period. Erste Asset Management GmbH purchased a new stake in Guardant Health during the third quarter valued at approximately $21,389,000. Finally, Lord Abbett & CO. LLC bought a new position in Guardant Health in the third quarter worth approximately $15,624,000. Institutional investors own 92.60% of the company's stock.
Guardant Health Company Profile
(
Get Free Report)
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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