BidaskClub downgraded shares of Ascendis Pharma A/S (NASDAQ:ASND) from a buy rating to a hold rating in a research report sent to investors on Friday.

ASND has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price objective on Ascendis Pharma A/S from $79.00 to $81.00 and gave the company an overweight rating in a research note on Thursday, August 30th. Stifel Nicolaus started coverage on Ascendis Pharma A/S in a research note on Tuesday, June 26th. They set a buy rating and a $85.00 price objective on the stock. ValuEngine cut Ascendis Pharma A/S from a buy rating to a hold rating in a research note on Friday, June 1st. Wells Fargo & Co raised their price objective on Ascendis Pharma A/S from $83.00 to $88.00 and gave the company an outperform rating in a research note on Thursday, August 30th. Finally, Wedbush set a $79.00 target price on Ascendis Pharma A/S and gave the stock a buy rating in a research note on Thursday, August 30th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ascendis Pharma A/S currently has an average rating of Buy and a consensus price target of $77.25.

ASND traded down $3.06 during trading on Friday, reaching $65.14. The stock had a trading volume of 124,228 shares, compared to its average volume of 141,634. The stock has a market cap of $2.83 billion, a PE ratio of -15.04 and a beta of 0.67. Ascendis Pharma A/S has a one year low of $26.99 and a one year high of $76.99.

A number of institutional investors and hedge funds have recently modified their holdings of ASND. Quantitative Systematic Strategies LLC purchased a new position in shares of Ascendis Pharma A/S during the second quarter valued at approximately $361,000. DekaBank Deutsche Girozentrale purchased a new position in Ascendis Pharma A/S in the 1st quarter worth approximately $1,319,000. UBS Group AG raised its holdings in Ascendis Pharma A/S by 65.7% in the 1st quarter. UBS Group AG now owns 6,734 shares of the biotechnology company’s stock worth $440,000 after acquiring an additional 2,670 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in Ascendis Pharma A/S in the 1st quarter worth approximately $916,000. Finally, Eversept Partners LLC raised its holdings in Ascendis Pharma A/S by 98.5% in the 1st quarter. Eversept Partners LLC now owns 24,054 shares of the biotechnology company’s stock worth $1,573,000 after acquiring an additional 11,936 shares during the last quarter. Institutional investors and hedge funds own 95.29% of the company’s stock.

Ascendis Pharma A/S Company Profile

Ascendis Pharma A/S, a clinical stage biopharmaceutical company, develops various prodrug therapies for unmet medical needs. The company develops TransCon human growth hormone, which is in Phase III clinical study in children to treat growth hormone deficiency; TransCon parathyroid hormone that is in Phase I clinical study for treating hypoparathyroidism; and TransCon C-type natriuretic peptide for the treatment of achondroplasia.

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Analyst Recommendations for Ascendis Pharma A/S (NASDAQ:ASND)

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