Assembly Biosciences (ASMB) Cut to Buy at BidaskClub

BidaskClub lowered shares of Assembly Biosciences (NASDAQ:ASMB) from a strong-buy rating to a buy rating in a report issued on Wednesday.

Several other research firms have also recently weighed in on ASMB. Jefferies Group initiated coverage on shares of Assembly Biosciences in a report on Wednesday, November 8th. They issued a buy rating and a $50.00 price target on the stock. Zacks Investment Research cut shares of Assembly Biosciences from a hold rating to a sell rating in a report on Monday, August 14th. Finally, Chardan Capital reiterated a buy rating on shares of Assembly Biosciences in a report on Sunday, September 17th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $40.67.

Shares of Assembly Biosciences (ASMB) opened at $44.28 on Wednesday. Assembly Biosciences has a fifty-two week low of $11.07 and a fifty-two week high of $52.37.

In related news, Director William R. Ringo sold 1,000 shares of Assembly Biosciences stock in a transaction on Wednesday, November 1st. The shares were 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 SEC, which is available at the SEC website. In the last quarter, insiders sold 3,000 shares of company stock worth $112,620. 19.60% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors bought a new stake in shares of Assembly Biosciences during the 2nd quarter valued at $161,000. Renaissance Technologies LLC bought a new stake in shares of Assembly Biosciences during the 1st quarter valued at $242,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Assembly Biosciences by 13.6% during the 2nd 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 in the last quarter. Legal & General Group Plc bought a new stake in shares of Assembly Biosciences during the 2nd quarter valued at $212,000. Finally, Wells Fargo & Company MN bought a new stake in shares of Assembly Biosciences during the 2nd quarter valued at $213,000. Hedge funds and other institutional investors own 62.09% of the company’s stock.

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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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