New York State Common Retirement Fund Makes New $59,000 Investment in Grail, Inc. (NASDAQ:GRAL)

New York State Common Retirement Fund acquired a new position in shares of Grail, Inc. (NASDAQ:GRAL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,296 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. abrdn plc purchased a new position in Grail during the 4th quarter worth approximately $3,768,000. Douglas Lane & Associates LLC purchased a new position in Grail during the 4th quarter worth approximately $3,034,000. Slow Capital Inc. purchased a new position in Grail during the 4th quarter worth approximately $2,379,000. 180 Wealth Advisors LLC purchased a new position in Grail during the 4th quarter worth approximately $1,681,000. Finally, Moloney Securities Asset Management LLC purchased a new position in Grail during the 4th quarter worth approximately $559,000.

Grail Stock Performance

Grail stock opened at $33.45 on Friday. The company’s fifty day simple moving average is $30.38 and its 200-day simple moving average is $20.69. Grail, Inc. has a 12 month low of $12.33 and a 12 month high of $63.99.

Grail (NASDAQ:GRAL) last released its quarterly earnings data on Thursday, February 20th. The company reported ($1.86) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.41) by $2.55. The business had revenue of $38.25 million during the quarter, compared to analyst estimates of $35.33 million. On average, analysts forecast that Grail, Inc. will post -15.15 EPS for the current year.

Analysts Set New Price Targets

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

About Grail

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.