Van ECK Associates Corp Takes $475,000 Position in Grail, Inc. (NASDAQ:GRAL)

Van ECK Associates Corp purchased a new stake in Grail, Inc. (NASDAQ:GRAL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,608 shares of the company’s stock, valued at approximately $475,000. Van ECK Associates Corp owned approximately 0.08% of Grail at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GRAL. abrdn plc bought a new stake in shares of Grail in the fourth quarter valued at about $3,768,000. Douglas Lane & Associates LLC bought a new stake in shares of Grail in the fourth quarter valued at about $3,034,000. Slow Capital Inc. bought a new stake in shares of Grail in the fourth quarter valued at about $2,379,000. 180 Wealth Advisors LLC bought a new stake in Grail during the fourth quarter worth about $1,681,000. Finally, Moloney Securities Asset Management LLC bought a new stake in Grail during the fourth quarter worth about $559,000.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GRAL shares. Wolfe Research started coverage on Grail in a report on Friday, November 15th. They set a “peer perform” rating on the stock. Morgan Stanley started coverage on Grail in a report on Wednesday, November 27th. They set an “equal weight” rating and a $16.00 target price on the stock.

Grail Trading Down 14.7 %

GRAL opened at $40.73 on Friday. Grail, Inc. has a 52-week low of $12.33 and a 52-week high of $63.99. The business’s 50-day simple moving average is $26.69 and its 200 day simple moving average is $19.22.

Grail (NASDAQ:GRAL) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.86) earnings per share for the quarter, topping analysts’ consensus estimates of ($4.41) by $2.55. The business had revenue of $38.25 million for the quarter, compared to analyst estimates of $35.33 million. As a group, research analysts predict that Grail, Inc. will post -15.15 earnings per share for the current year.

Grail Profile

GRAIL, Inc is a healthcare company. It engages in the development of a technology for early detection of cancer. The company was founded by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi on September 11, 2015 and is headquartered in Menlo Park, CA.