285,435 Shares in Grail, Inc. (NASDAQ:GRAL) Purchased by TCW Group Inc.

TCW Group Inc. bought a new position in shares of Grail, Inc. (NASDAQ:GRAL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 285,435 shares of the company’s stock, valued at approximately $5,095,000.

Several other large investors have also recently added to or reduced their stakes in the company. abrdn plc acquired a new stake in shares of Grail during the 4th quarter worth approximately $3,768,000. Douglas Lane & Associates LLC bought a new position in Grail in the fourth quarter worth $3,034,000. Slow Capital Inc. acquired a new stake in Grail during the fourth quarter worth $2,379,000. 180 Wealth Advisors LLC bought a new stake in Grail in the 4th quarter valued at $1,681,000. Finally, Moloney Securities Asset Management LLC acquired a new position in shares of Grail in the 4th quarter valued at $559,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GRAL. Morgan Stanley began coverage on shares of Grail in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $16.00 target price on the stock. Wolfe Research began coverage on shares of Grail in a research note on Friday, November 15th. They set a “peer perform” rating for the company.

Grail Trading Down 14.7 %

Shares of NASDAQ:GRAL opened at $40.73 on Monday. The business’s fifty day moving average price is $26.69 and its two-hundred day moving average price is $19.24. Grail, Inc. has a fifty-two week low of $12.33 and a fifty-two week high of $63.99.

Grail (NASDAQ:GRAL) last posted its earnings results on Thursday, February 20th. The company reported ($1.86) earnings per share for the quarter, topping the consensus estimate of ($4.41) by $2.55. The firm had revenue of $38.25 million during the quarter, compared to the consensus estimate of $35.33 million. Sell-side analysts predict that Grail, Inc. will post -15.15 EPS for the current year.

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.