Guardant Health Inc (NASDAQ:GH) shares traded down 1.5% during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $32.15 and last traded at $33.10. 11,870 shares were traded during mid-day trading, a decline of 97% from the average session volume of 359,144 shares. The stock had previously closed at $33.62.

The company reported ($1.94) EPS for the quarter, missing the consensus estimate of ($0.29) by ($1.65). The company had revenue of $21.70 million during the quarter, compared to the consensus estimate of $17.44 million. The firm’s quarterly revenue was up 95.5% compared to the same quarter last year.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Guardant Health in a report on Monday, October 29th. They issued an “overweight” rating and a $42.00 price objective for the company. Bank of America assumed coverage on Guardant Health in a report on Monday, October 29th. They issued a “neutral” rating and a $37.00 price objective for the company. Cowen assumed coverage on Guardant Health in a report on Monday, October 29th. They issued an “outperform” rating for the company. William Blair assumed coverage on Guardant Health in a report on Monday, October 29th. They issued an “outperform” rating for the company. Finally, Leerink Swann reiterated an “outperform” rating on shares of Guardant Health in a report on Monday, October 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Guardant Health presently has a consensus rating of “Buy” and an average price target of $39.50.

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About Guardant Health (NASDAQ:GH)

Guardant Health, Inc, a precision oncology company, provides non-invasive cancer diagnostics. It offers liquid biopsy tests for advanced stage cancer, such as Guardant360, a molecular diagnostic test that measures various cancer-related genes from circulating tumor DNA (ctDNA); and GuardantOMNI, a broader panel measuring various genes from ctDNA.

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