William Blair Analysts Raise Earnings Estimates for Assembly Biosciences, Inc. (ASMB)

Assembly Biosciences, Inc. (NASDAQ:ASMB) – Stock analysts at William Blair increased their FY2017 earnings estimates for Assembly Biosciences in a research note issued on Monday. William Blair analyst Y. Xu now forecasts that the biopharmaceutical company will earn ($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.

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Several other brokerages also recently weighed in on ASMB. Zacks Investment Research upgraded Assembly Biosciences from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group LLC began coverage on Assembly Biosciences in a research report on Wednesday, November 8th. They issued a “buy” rating and a $50.00 price objective for the company. Chardan Capital reiterated a “buy” rating on shares of Assembly Biosciences in a research report on Sunday, September 17th. Finally, BidaskClub upgraded Assembly Biosciences from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th.

Shares of Assembly Biosciences (NASDAQ ASMB) opened at $33.13 on Wednesday. Assembly Biosciences has a 12-month low of $11.07 and a 12-month high of $36.31.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors bought a new position in Assembly Biosciences in the second quarter worth $161,000. Parametric Portfolio Associates LLC raised its holdings in Assembly Biosciences by 13.6% in the second quarter. Parametric Portfolio Associates LLC now owns 10,078 shares of the biopharmaceutical company’s stock worth $208,000 after purchasing an additional 1,203 shares in the last quarter. Legal & General Group Plc bought a new position in Assembly Biosciences in the second quarter worth $212,000. Wells Fargo & Company MN bought a new position in Assembly Biosciences in the second quarter worth $213,000. Finally, Trexquant Investment LP bought a new position in Assembly Biosciences in the second quarter worth $217,000. Institutional investors and hedge funds own 62.19% of the company’s stock.

In related news, Director William R. Ringo sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $29.55, for a total transaction of $29,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 19.60% of the stock is owned by corporate insiders.

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.

Earnings History and Estimates for Assembly Biosciences (NASDAQ:ASMB)

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