Assembly Biosciences (ASMB) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Assembly Biosciences (NASDAQ:ASMB) from a sell rating to a hold rating in a report published on Thursday.

ASMB has been the topic of several other reports. Zacks Investment Research downgraded shares of Assembly Biosciences from a buy rating to a hold rating in a report on Monday, January 15th. B. Riley started coverage on shares of Assembly Biosciences in a report on Friday, January 5th. They set a neutral rating and a $35.00 target price on the stock. Jefferies Group raised their target price on shares of Assembly Biosciences to $75.00 and gave the stock a buy rating in a report on Thursday, March 8th. Finally, ValuEngine upgraded shares of Assembly Biosciences from a sell rating to a hold rating in a report on Saturday, February 3rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Assembly Biosciences currently has an average rating of Hold and an average target price of $58.00.

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Shares of NASDAQ:ASMB opened at $44.83 on Thursday. The company has a market capitalization of $992.26, a P/E ratio of -18.60 and a beta of 0.74. Assembly Biosciences has a fifty-two week low of $18.60 and a fifty-two week high of $67.36.

In other Assembly Biosciences news, Director William R. Ringo sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $46.86, for a total transaction of $46,860.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $152,550 over the last 90 days. Corporate insiders own 19.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas acquired a new stake in Assembly Biosciences during the 4th quarter worth approximately $242,000. MetLife Investment Advisors LLC bought a new position in shares of Assembly Biosciences during the 4th quarter worth approximately $326,000. Virtus Fund Advisers LLC bought a new position in shares of Assembly Biosciences during the 4th quarter worth approximately $361,000. Endurant Capital Management LP bought a new position in shares of Assembly Biosciences during the 4th quarter worth approximately $430,000. Finally, American International Group Inc. grew its stake in shares of Assembly Biosciences by 15.4% during the 4th quarter. American International Group Inc. now owns 10,853 shares of the biopharmaceutical company’s stock worth $491,000 after acquiring an additional 1,450 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

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Assembly Biosciences Company Profile

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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