Assembly Biosciences (ASMB) Downgraded to Neutral at Chardan Capital

Chardan Capital lowered shares of Assembly Biosciences (NASDAQ:ASMB) from a buy rating to a neutral rating in a research note published on Friday morning, MarketBeat.com reports. They currently have $50.00 target price on the biopharmaceutical company’s stock, up from their previous target price of $35.00.

A number of other analysts also recently issued reports on ASMB. B. Riley started coverage on shares of Assembly Biosciences in a report on Friday, January 5th. They issued a neutral rating and a $35.00 price objective for the company. BidaskClub downgraded shares of Assembly Biosciences from a buy rating to a hold rating in a report on Saturday, January 6th. Zacks Investment Research downgraded shares of Assembly Biosciences from a buy rating to a hold rating in a report on Monday, January 15th. ValuEngine raised shares of Assembly Biosciences from a sell rating to a hold rating in a report on Saturday, February 3rd. Finally, Jefferies Group boosted their price objective on shares of Assembly Biosciences to $75.00 and gave the company a buy rating in a report on Thursday, March 8th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Assembly Biosciences currently has a consensus rating of Hold and a consensus price target of $58.00.

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NASDAQ ASMB opened at $44.93 on Friday. The stock has a market capitalization of $915.85, a price-to-earnings ratio of -18.64 and a beta of 0.74. Assembly Biosciences has a 12-month low of $18.60 and a 12-month high of $67.36.

In other news, Director William R. Ringo sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $56.37, for a total transaction of $56,370.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 3,000 shares of company stock valued at $152,550. 19.60% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Assembly Biosciences by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,312 shares of the biopharmaceutical company’s stock worth $5,944,000 after acquiring an additional 11,412 shares during the period. Virtus Fund Advisers LLC bought a new stake in shares of Assembly Biosciences during the 4th quarter worth approximately $361,000. Arthur M. Cohen & Associates LLC bought a new stake in shares of Assembly Biosciences during the 4th quarter worth approximately $882,000. Perceptive Advisors LLC lifted its holdings 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 during the period. Finally, Emerald Advisers Inc. PA bought a new stake in shares of Assembly Biosciences during the 4th quarter worth approximately $8,673,000. 76.17% of the stock is owned by institutional investors.

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About Assembly Biosciences

Assembly Biosciences, Inc operates as a clinical stage biotechnology company. It develops oral therapeutic candidates for the treatment of hepatitis B virus (HBV) infection and novel class of oral synthetic live biotherapeutic candidates to treat disorders associated with the microbiome in the United States.

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