Guardant Health Inc (NASDAQ:GH) major shareholder Vision Fund (Aiv M1) Softbank purchased 2,033,990 shares of Guardant Health stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $9.83 per share, for a total transaction of $19,994,121.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of GH opened at $97.98 on Friday. Guardant Health Inc has a fifty-two week low of $27.04 and a fifty-two week high of $106.58. The company has a market cap of $8.48 billion and a P/E ratio of -34.99.
Guardant Health (NASDAQ:GH) last announced its quarterly earnings data on Tuesday, March 12th. The company reported ($0.30) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.05. The firm had revenue of $32.87 million during the quarter, compared to analysts’ expectations of $24.57 million. As a group, analysts predict that Guardant Health Inc will post -1.26 earnings per share for the current year.
Several brokerages recently weighed in on GH. William Blair reaffirmed an “outperform” rating on shares of Guardant Health in a research note on Wednesday. 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. Finally, Bank of America reaffirmed 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $72.50.
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About Guardant Health
Guardant Health, Inc, a precision oncology company, provides non-invasive cancer diagnostics. It offers liquid biopsy tests for advanced stage cancer, such as Guardant360, a molecular diagnostic test that measures various cancer-related genes from circulating tumor DNA (ctDNA); and GuardantOMNI, a broader panel measuring various genes from ctDNA.
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