Analysts at B. Riley began coverage on shares of Assembly Biosciences (NASDAQ:ASMB) in a report issued on Friday, January 5th, MarketBeat.com reports. The firm set a “neutral” rating and a $35.00 price target on the biopharmaceutical company’s stock. B. Riley’s price target would indicate a potential downside of 28.82% from the company’s previous close.
ASMB has been the topic of a number of other research reports. Chardan Capital reissued a “buy” rating on shares of Assembly Biosciences in a research report on Sunday, September 17th. Zacks Investment Research raised shares of Assembly Biosciences from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, November 15th. ValuEngine downgraded shares of Assembly Biosciences from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. BidaskClub cut shares of Assembly Biosciences from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Finally, Jefferies Group started coverage on shares of Assembly Biosciences in a research note on Wednesday, November 8th. They issued a “buy” rating and a $50.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Assembly Biosciences currently has an average rating of “Hold” and an average price target of $39.25.
Assembly Biosciences (NASDAQ:ASMB) traded up $0.57 during mid-day trading on Friday, reaching $49.17. 152,080 shares of the company’s stock traded hands, compared to its average volume of 129,186. The company has a market capitalization of $865.48, a price-to-earnings ratio of -16.56 and a beta of 0.90. Assembly Biosciences has a fifty-two week low of $18.48 and a fifty-two week high of $52.37.
Assembly Biosciences (NASDAQ:ASMB) last announced its quarterly earnings data on Wednesday, November 1st. The biopharmaceutical company reported ($0.71) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.88) by $0.17. analysts anticipate that Assembly Biosciences will post -3.22 EPS for the current fiscal year.
In other Assembly Biosciences news, Director William R. Ringo sold 1,000 shares of Assembly Biosciences stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $49.37, for a total transaction of $49,370.00. Following the completion of the sale, the director now directly owns 20,465 shares in the company, valued at approximately $1,010,357.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 3,000 shares of company stock valued at $123,960. Company insiders own 19.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors purchased a new stake in Assembly Biosciences in the 2nd quarter worth $161,000. Parametric Portfolio Associates LLC increased its holdings in Assembly Biosciences by 13.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 10,078 shares of the biopharmaceutical company’s stock worth $208,000 after acquiring an additional 1,203 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Assembly Biosciences during the second quarter worth $212,000. Wells Fargo & Company MN purchased a new stake in shares of Assembly Biosciences during the second quarter worth $213,000. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Assembly Biosciences during the second quarter worth $227,000. Hedge funds and other institutional investors own 61.44% of the company’s stock.
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Assembly Biosciences Company Profile
Assembly Biosciences, Inc is a biotechnology company. The Company is engaged in developing two platform programs, such as a class of oral therapeutics for the treatment of hepatitis B virus (HBV) infection, and a class of oral synthetic live therapeutics, which are designed to restore health to a dysbiotic microbiome.
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