Assembly Biosciences, Inc. Expected to Earn FY2017 Earnings of ($2.95) Per Share (ASMB)
Assembly Biosciences, Inc. (NASDAQ:ASMB) – Analysts at William Blair boosted their FY2017 earnings estimates for Assembly Biosciences in a research note issued to investors on Monday. William Blair analyst Y. Xu now forecasts that the biopharmaceutical company will post earnings of ($2.95) per share for the year, up from their previous estimate of ($3.40). William Blair also issued estimates for Assembly Biosciences’ Q4 2017 earnings at ($0.66) EPS, FY2018 earnings at ($3.18) EPS and FY2019 earnings at ($3.55) EPS.
A number of other equities research analysts also recently commented on ASMB. BidaskClub upgraded shares of Assembly Biosciences from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Jefferies Group LLC started coverage on shares of Assembly Biosciences in a report on Wednesday, November 8th. They issued a “buy” rating and a $50.00 target price for the company. Zacks Investment Research upgraded shares of Assembly Biosciences from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Wednesday. Finally, Chardan Capital restated a “buy” rating on shares of Assembly Biosciences in a report on Sunday, September 17th.
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Shares of Assembly Biosciences (ASMB) traded up $1.82 during midday trading on Wednesday, hitting $34.95. 82,300 shares of the stock were exchanged, compared to its average volume of 84,357. Assembly Biosciences has a 1-year low of $11.07 and a 1-year high of $36.31.
In related news, Director William R. Ringo sold 1,000 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.60% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in ASMB. Nationwide Fund Advisors purchased a new stake in Assembly Biosciences during the second quarter worth approximately $161,000. Parametric Portfolio Associates LLC grew its stake in Assembly Biosciences by 13.6% during the second quarter. Parametric Portfolio Associates LLC now owns 10,078 shares of the biopharmaceutical company’s stock worth $208,000 after buying an additional 1,203 shares during the period. Legal & General Group Plc purchased a new stake in Assembly Biosciences during the second quarter worth approximately $212,000. Wells Fargo & Company MN purchased a new stake in Assembly Biosciences during the second quarter worth approximately $213,000. Finally, Trexquant Investment LP purchased a new stake in Assembly Biosciences during the second quarter worth approximately $217,000. Hedge funds and other institutional investors own 62.19% of the company’s stock.
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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