Guardant Health
About: Guardant Health, Inc, based in Redwood City, California, is a leader in liquid-based cancer tests for clinical and research use. The company offers Guardant360 LDT, a liquid biopsy test for treatment selection in advanced stage cancer, Guardant360 CDx, an FDA-approved companion diagnostic for several targeted therapies, and Guardant OMNI, a broader gene panel for immuno-oncology research. In 2021, Guardant launched Reveal, a tumor-agnostic molecular residual disease, or MRD, test. In 2022, the company launched a lab-developed test version of Shield, a liquid biopsy for colorectal cancer, or CRC, screening. Additionally, Guardant offers research development services such as regulatory approval consultancy and clinical trial referrals.
Employees: 1,779
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
63% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 43
44% more capital invested
Capital invested by funds: $2.28B [Q1] → $3.29B (+$1.01B) [Q2]
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
11% more funds holding
Funds holding: 252 [Q1] → 279 (+27) [Q2]
2.18% more ownership
Funds ownership: 93.22% [Q1] → 95.39% (+2.18%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 90
51% less call options, than puts
Call options by funds: $26.4M | Put options by funds: $53.8M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Leerink Partners | 142%upside $50 | Outperform Maintained | 17 Oct 2024 |
UBS Dan Leonard 43% 1-year accuracy 3 / 7 met price target | 93%upside $40 | Buy Maintained | 21 Aug 2024 |
Piper Sandler David Westenberg 83% 1-year accuracy 15 / 18 met price target | 64%upside $34 | Overweight Maintained | 13 Aug 2024 |
Citigroup Patrick Donnelly 67% 1-year accuracy 16 / 24 met price target | 118%upside $45 | Buy Maintained | 8 Aug 2024 |
TD Cowen Dan Brennan 68% 1-year accuracy 15 / 22 met price target | 103%upside $42 | Buy Maintained | 8 Aug 2024 |