Assembly Biosciences Inc (ASMB) Director Sells $45,040.00 in Stock
Assembly Biosciences Inc (NASDAQ:ASMB) Director William R. Ringo sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $45.04, for a total value of $45,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Assembly Biosciences Inc (ASMB) opened at $43.12 on Friday. Assembly Biosciences Inc has a 12-month low of $12.15 and a 12-month high of $52.37.
Several analysts have weighed in on the company. B. Riley assumed coverage on Assembly Biosciences in a research report on Friday. They issued a “neutral” rating and a $35.00 price objective for the company. ValuEngine downgraded Assembly Biosciences from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. BidaskClub downgraded Assembly Biosciences from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research upgraded Assembly Biosciences from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, November 15th. Finally, Jefferies Group assumed coverage on Assembly Biosciences in a research report on Wednesday, November 8th. They issued a “buy” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $39.25.
Hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors bought a new stake in Assembly Biosciences in the second quarter valued at approximately $161,000. Parametric Portfolio Associates LLC raised its holdings in shares of Assembly Biosciences by 13.6% during the second quarter. Parametric Portfolio Associates LLC now owns 10,078 shares of the biopharmaceutical company’s stock valued at $208,000 after acquiring an additional 1,203 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Assembly Biosciences during the second quarter valued at approximately $212,000. Wells Fargo & Company MN bought a new position in shares of Assembly Biosciences during the second quarter valued at approximately $213,000. Finally, State of Wisconsin Investment Board bought a new position in shares of Assembly Biosciences during the second quarter valued at approximately $227,000. Hedge funds and other 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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