Investors Purchase High Volume of Call Options on Assembly Biosciences (ASMB)

Assembly Biosciences Inc (NASDAQ:ASMB) was the recipient of unusually large options trading activity on Wednesday. Investors bought 605 call options on the stock. This represents an increase of 831% compared to the typical daily volume of 65 call options.

In other Assembly Biosciences news, Director William R. Ringo sold 1,000 shares of the firm’s 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 3,000 shares of company stock worth $141,270 over the last 90 days. Corporate insiders own 19.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Jennison Associates LLC raised its holdings in Assembly Biosciences by 19.6% during the 4th quarter. Jennison Associates LLC now owns 2,120,300 shares of the biopharmaceutical company’s stock worth $95,944,000 after buying an additional 347,025 shares during the period. BlackRock Inc. grew its stake in shares of Assembly Biosciences by 19.6% during the 4th quarter. BlackRock Inc. now owns 1,078,097 shares of the biopharmaceutical company’s stock worth $48,784,000 after acquiring an additional 176,976 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Assembly Biosciences by 21.2% during the 2nd quarter. Vanguard Group Inc. now owns 610,916 shares of the biopharmaceutical company’s stock worth $12,615,000 after acquiring an additional 107,065 shares in the last quarter. Perceptive Advisors LLC grew its stake in shares of Assembly Biosciences by 21.5% during the 4th quarter. Perceptive Advisors LLC now owns 536,626 shares of the biopharmaceutical company’s stock worth $24,282,000 after acquiring an additional 94,793 shares in the last quarter. Finally, Rock Springs Capital Management LP grew its stake in shares of Assembly Biosciences by 15.4% during the 4th quarter. Rock Springs Capital Management LP now owns 450,000 shares of the biopharmaceutical company’s stock worth $20,363,000 after acquiring an additional 60,000 shares in the last quarter. Hedge funds and other institutional investors own 66.34% of the company’s stock.

Several brokerages have commented on ASMB. BidaskClub upgraded shares of Assembly Biosciences from a “hold” rating to a “buy” rating in a report on Tuesday, January 30th. ValuEngine upgraded shares of Assembly Biosciences from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research downgraded shares of Assembly Biosciences from a “buy” rating to a “hold” rating in a report on Monday, January 15th. B. Riley began coverage on shares of Assembly Biosciences in a report on Friday, January 5th. They set a “neutral” rating and a $35.00 target price on the stock. Finally, Jefferies Group began coverage on shares of Assembly Biosciences in a report on Wednesday, November 8th. They set a “buy” rating and a $50.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.25.

Shares of Assembly Biosciences (NASDAQ ASMB) opened at $55.79 on Friday. The company has a market cap of $1,124.50, a P/E ratio of -18.78 and a beta of 0.77. Assembly Biosciences has a fifty-two week low of $18.60 and a fifty-two week high of $58.68.

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About Assembly Biosciences

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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