Assembly Biosciences (NASDAQ:ASMB) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.
ASMB has been the subject of a number of other reports. Chardan Capital restated a “buy” rating on shares of Assembly Biosciences in a report on Sunday, September 17th. Zacks Investment Research upgraded shares of Assembly Biosciences from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Wednesday, November 15th. Finally, Jefferies Group began coverage on shares of Assembly Biosciences in a report on Wednesday, November 8th. They issued a “buy” rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $40.67.
Shares of Assembly Biosciences (NASDAQ:ASMB) traded up $1.39 on Wednesday, hitting $44.28. Assembly Biosciences has a 52 week low of $11.07 and a 52 week high of $52.37.
Several hedge funds and other institutional investors have recently modified their holdings of ASMB. State Street Corp purchased a new position in shares of Assembly Biosciences in the second quarter worth $4,234,000. JPMorgan Chase & Co. purchased a new position in shares of Assembly Biosciences in the second quarter worth $3,426,000. Valeo Financial Advisors LLC purchased a new position in shares of Assembly Biosciences in the third quarter worth $4,963,000. Northern Trust Corp increased its stake in shares of Assembly Biosciences by 221.2% in the second quarter. Northern Trust Corp now owns 195,321 shares of the biopharmaceutical company’s stock worth $4,033,000 after buying an additional 134,513 shares during the period. Finally, AXA purchased a new position in shares of Assembly Biosciences in the second quarter worth $2,477,000. 62.09% of the stock is currently owned by institutional investors.
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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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