Truist Financial Initiates Coverage on Guardian Pharmacy Services (NYSE:GRDN)

Posted by Patrick Bannon on Oct 25th, 2024

Truist Financial initiated coverage on shares of Guardian Pharmacy Services (NYSE:GRDN – Free Report) in a report issued on Monday, Marketbeat.com reports. The firm issued a buy rating and a $22.00 price target on the stock.

Guardian Pharmacy Services Stock Performance

Shares of NYSE:GRDN opened at $17.08 on Monday. Guardian Pharmacy Services has a 12 month low of $14.16 and a 12 month high of $20.10.

Insider Activity at Guardian Pharmacy Services

In other news, Director Thomas J. Salentine, Jr. purchased 35,714 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average cost of $14.00 per share, for a total transaction of $499,996.00. Following the acquisition, the director now owns 35,714 shares of the company’s stock, valued at approximately $499,996. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On Guardian Pharmacy Services

An institutional investor recently bought a new position in Guardian Pharmacy Services stock. Seven Grand Managers LLC acquired a new stake in Guardian Pharmacy Services, Inc. (NYSE:GRDN – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 149,700 shares of the company’s stock, valued at approximately $2,515,000. Seven Grand Managers LLC owned 0.24% of Guardian Pharmacy Services at the end of the most recent reporting period.

Guardian Pharmacy Services Company Profile

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Guardian Pharmacy Services, Inc, a pharmacy service company, provides a suite of technology-enabled services designed to help residents of long-term health care facilities (LTCFs) in the United States. Its individualized clinical, drug dispensing, and administration capabilities are used to serve the needs of residents in lower acuity LTCFs, such as assisted living facilities and behavioral health facilities and group homes.