Gritstone Oncology (GRTS) Given Buy Rating at Cowen

Gritstone Oncology (NASDAQ:GRTS)‘s stock had its “buy” rating reaffirmed by investment analysts at Cowen in a research note issued to investors on Monday, AnalystRatings.com reports.

A number of other analysts have also weighed in on the company. Zacks Investment Research lowered Gritstone Oncology from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. HC Wainwright reiterated a “buy” rating and issued a $17.00 target price on shares of Gritstone Oncology in a research note on Monday, April 1st. Berenberg Bank assumed coverage on Gritstone Oncology in a research note on Wednesday, March 27th. They issued a “buy” rating on the stock. Finally, Raymond James assumed coverage on Gritstone Oncology in a research note on Thursday, March 14th. They issued an “outperform” rating and a $20.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $22.20.

GRTS stock opened at $11.14 on Monday. Gritstone Oncology has a twelve month low of $9.66 and a twelve month high of $32.90.



Gritstone Oncology (NASDAQ:GRTS) last released its earnings results on Monday, May 13th. The company reported ($0.62) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.03. The business had revenue of $1.35 million during the quarter, compared to analysts’ expectations of $1.20 million. Equities research analysts anticipate that Gritstone Oncology will post -2.71 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in GRTS. Citigroup Inc. purchased a new stake in Gritstone Oncology in the fourth quarter worth $28,000. Strs Ohio purchased a new position in shares of Gritstone Oncology during the fourth quarter valued at $29,000. New York State Common Retirement Fund purchased a new position in shares of Gritstone Oncology during the first quarter valued at $53,000. American International Group Inc. purchased a new position in shares of Gritstone Oncology during the fourth quarter valued at $70,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Gritstone Oncology during the first quarter valued at $84,000. Institutional investors and hedge funds own 59.60% of the company’s stock.

About Gritstone Oncology

Gritstone Oncology Inc, an immuno-oncology company, engages in developing tumor-specific cancer immunotherapies to fight various cancer types. Its lead product candidate is GRANITE-001, which is in Phase I/II clinical trial for the treatment of solid tumors, including metastatic non-small cell lung cancer, as well as gastroesophageal, bladder and microsatellite stable, and colorectal cancers.

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Analyst Recommendations for Gritstone Oncology (NASDAQ:GRTS)

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