Assembly Biosciences (ASMB) Lowered to Hold at BidaskClub
Assembly Biosciences (NASDAQ:ASMB) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.
Other equities research analysts also recently issued research reports about the company. B. Riley assumed coverage on Assembly Biosciences in a research report on Friday. They set a “neutral” rating and a $35.00 price objective on the stock. ValuEngine downgraded Assembly Biosciences from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research raised Assembly Biosciences from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Chardan Capital reaffirmed a “buy” rating on shares of Assembly Biosciences in a research report on Sunday, September 17th. Finally, Jefferies Group assumed coverage on Assembly Biosciences in a research note on Wednesday, November 8th. They issued a “buy” rating and a $50.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Assembly Biosciences currently has an average rating of “Hold” and a consensus price target of $39.25.
Shares of Assembly Biosciences (ASMB) traded down $1.79 during mid-day trading on Friday, reaching $43.12. The company had a trading volume of 131,196 shares, compared to its average volume of 113,888. Assembly Biosciences has a 12 month low of $12.15 and a 12 month high of $52.37. The company has a market capitalization of $904.07, a P/E ratio of -14.52 and a beta of 0.91.
In other Assembly Biosciences news, Director William R. Ringo sold 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $29.55, for a total value of $29,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 4,000 shares of company stock valued at $157,660. 19.60% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors purchased a new stake in Assembly Biosciences in the second quarter valued at about $161,000. Parametric Portfolio Associates LLC raised its stake in Assembly Biosciences by 13.6% in the second quarter. Parametric Portfolio Associates LLC now owns 10,078 shares of the biopharmaceutical company’s stock valued at $208,000 after buying an additional 1,203 shares during the last quarter. Legal & General Group Plc purchased a new stake in Assembly Biosciences in the second quarter valued at about $212,000. Wells Fargo & Company MN purchased a new stake in Assembly Biosciences in the second quarter valued at about $213,000. Finally, State of Wisconsin Investment Board purchased a new stake in Assembly Biosciences in the second quarter valued at about $227,000. Institutional investors own 62.00% 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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