Guardant Health (NASDAQ:GH) Price Target Raised to $135.00 at JPMorgan Chase & Co.

Guardant Health (NASDAQ:GHFree Report) had its price target hoisted by JPMorgan Chase & Co. from $130.00 to $135.00 in a research report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

GH has been the topic of several other reports. Piper Sandler boosted their target price on shares of Guardant Health from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 24th. UBS Group restated a “buy” rating and set a $175.00 target price on shares of Guardant Health in a research report on Friday, January 30th. Mizuho set a $135.00 target price on shares of Guardant Health in a research report on Friday, January 9th. TD Cowen boosted their target price on shares of Guardant Health from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Robert W. Baird initiated coverage on shares of Guardant Health in a research report on Tuesday, February 17th. They set an “outperform” rating and a $120.00 target price on the stock. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.16.

View Our Latest Report on GH

Guardant Health Price Performance

Shares of Guardant Health stock opened at $95.70 on Friday. The firm’s fifty day simple moving average is $88.93 and its 200-day simple moving average is $96.92. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of -28.23 and a beta of 1.48. Guardant Health has a 12 month low of $36.36 and a 12 month high of $120.74.

Guardant Health (NASDAQ:GHGet Free Report) last announced its earnings results on Thursday, February 19th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.07). The firm had revenue of $281.27 million for the quarter, compared to analyst estimates of $269.74 million. During the same quarter last year, the firm earned ($0.62) earnings per share. Guardant Health’s revenue for the quarter was up 39.4% on a year-over-year basis. Analysts anticipate that Guardant Health will post -2.87 earnings per share for the current year.

Insider Activity

In related news, Director Medina Manuel Hidalgo sold 1,300 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $91.54, for a total value of $119,002.00. Following the completion of the transaction, the director owned 1,193 shares of the company’s stock, valued at approximately $109,207.22. The trade was a 52.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Terilyn J. Monroe sold 3,832 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $92.68, for a total transaction of $355,149.76. Following the transaction, the insider directly owned 20,990 shares of the company’s stock, valued at approximately $1,945,353.20. This represents a 15.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 8,596 shares of company stock worth $775,767. Company insiders own 6.10% of the company’s stock.

Institutional Trading of Guardant Health

A number of institutional investors and hedge funds have recently bought and sold shares of GH. V Square Quantitative Management LLC acquired a new stake in Guardant Health during the 4th quarter worth approximately $27,000. Chesapeake Asset Management LLC purchased a new position in Guardant Health in the 4th quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Guardant Health in the 4th quarter worth approximately $31,000. Elyxium Wealth LLC purchased a new position in Guardant Health in the 4th quarter worth approximately $35,000. Finally, Parallel Advisors LLC boosted its holdings in Guardant Health by 164.7% in the 4th quarter. Parallel Advisors LLC now owns 352 shares of the company’s stock worth $36,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 92.60% of the company’s stock.

Guardant Health News Roundup

Here are the key news stories impacting Guardant Health this week:

About Guardant Health

(Get Free Report)

Guardant Health, Inc is a precision oncology company specializing in blood-based cancer diagnostics. Founded in 2012 and headquartered in Redwood City, California, the company develops non-invasive tests that use circulating tumor DNA (ctDNA) to profile genomic alterations in patients with solid tumors. Guardant Health’s mission is to advance cancer care by providing actionable data to clinicians, pharmaceutical partners and researchers worldwide.

The company’s flagship product, Guardant360, is a next-generation sequencing (NGS) assay designed to detect mutations, copy number variations and select fusions in more than 70 cancer-related genes.

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Analyst Recommendations for Guardant Health (NASDAQ:GH)

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