Assembly Biosciences (ASMB) Downgraded by BidaskClub
Assembly Biosciences (NASDAQ:ASMB) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.
Several other brokerages have also commented on ASMB. Zacks Investment Research raised Assembly Biosciences from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Jefferies Group began coverage on Assembly Biosciences in a research note on Wednesday, November 8th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Chardan Capital reissued a “buy” rating on shares of Assembly Biosciences in a research note on Sunday, September 17th.
Assembly Biosciences (NASDAQ ASMB) opened at $44.12 on Wednesday. Assembly Biosciences has a 52-week low of $11.07 and a 52-week high of $52.37.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Assembly Biosciences by 21.2% in the 2nd quarter. Vanguard Group Inc. now owns 610,916 shares of the biopharmaceutical company’s stock valued at $12,615,000 after buying an additional 107,065 shares in the last quarter. State Street Corp purchased a new stake in Assembly Biosciences in the 2nd quarter valued at approximately $4,234,000. Northern Trust Corp lifted its stake in Assembly Biosciences by 221.2% in the 2nd quarter. Northern Trust Corp now owns 195,321 shares of the biopharmaceutical company’s stock valued at $4,033,000 after buying an additional 134,513 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Assembly Biosciences by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 177,312 shares of the biopharmaceutical company’s stock valued at $5,944,000 after buying an additional 11,412 shares in the last quarter. Finally, Lyon Street Capital LLC lifted its stake in Assembly Biosciences by 9.7% in the 3rd quarter. Lyon Street Capital LLC now owns 149,443 shares of the biopharmaceutical company’s stock valued at $5,219,000 after buying an additional 13,243 shares in the last quarter. 62.09% of the stock is currently owned by institutional investors and hedge funds.
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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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