Wesbanco Bank Inc. Makes New Investment in Grail, Inc. (NASDAQ:GRAL)

Wesbanco Bank Inc. acquired a new stake in shares of Grail, Inc. (NASDAQ:GRAL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 29,300 shares of the company’s stock, valued at approximately $523,000. Wesbanco Bank Inc. owned 0.09% of Grail at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GRAL. FNY Investment Advisers LLC purchased a new stake in Grail in the 4th quarter worth $26,000. B & T Capital Management DBA Alpha Capital Management purchased a new stake in shares of Grail during the fourth quarter worth about $387,000. A. D. Beadell Investment Counsel Inc. purchased a new stake in shares of Grail during the fourth quarter worth about $430,000. 180 Wealth Advisors LLC bought a new stake in Grail during the 4th quarter valued at approximately $1,681,000. Finally, Douglas Lane & Associates LLC purchased a new position in Grail in the 4th quarter worth approximately $3,034,000.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley began coverage on shares of Grail in a report on Wednesday, November 27th. They set an “equal weight” rating and a $16.00 price objective for the company. Guggenheim began coverage on shares of Grail in a research note on Thursday, October 17th. They set a “neutral” rating for the company. Finally, Wolfe Research assumed coverage on shares of Grail in a research note on Friday, November 15th. They issued a “peer perform” rating on the stock.

Insider Transactions at Grail

In other news, CFO Aaron Freidin sold 30,452 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $14.02, for a total transaction of $426,937.04. Following the transaction, the chief financial officer now owns 268,277 shares of the company’s stock, valued at approximately $3,761,243.54. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Grail Stock Up 10.2 %

NASDAQ:GRAL opened at $28.61 on Friday. Grail, Inc. has a 1 year low of $12.33 and a 1 year high of $29.79. The stock’s 50 day simple moving average is $19.04 and its two-hundred day simple moving average is $16.24.

Grail (NASDAQ:GRAL) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($3.94) earnings per share for the quarter. The company had revenue of $28.65 million for the quarter. Analysts expect that Grail, Inc. will post -65.16 EPS for the current year.

Grail Company 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.