Assertio Holdings, Inc. (NASDAQ:ASRT – Get Free Report) has received an average recommendation of “Reduce” from the five brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $22.65.
A number of research firms recently commented on ASRT. Weiss Ratings reissued a “sell (d-)” rating on shares of Assertio in a research note on Monday, April 20th. Wall Street Zen lowered shares of Assertio from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Lake Street Capital restated a “hold” rating and set a $23.50 price target (up from $21.80) on shares of Assertio in a research report on Wednesday, May 13th. Maxim Group lowered shares of Assertio from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Zacks Research lowered shares of Assertio from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th.
Read Our Latest Stock Report on ASRT
Institutional Trading of Assertio
Assertio Stock Up 0.1%
ASRT opened at $23.45 on Friday. The stock has a market cap of $151.49 million, a PE ratio of -4.12 and a beta of 0.52. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 0.52. Assertio has a 52 week low of $8.61 and a 52 week high of $23.46. The business’s fifty day simple moving average is $20.08 and its 200 day simple moving average is $14.43.
Assertio (NASDAQ:ASRT – Get Free Report) last released its earnings results on Friday, May 8th. The company reported ($2.93) EPS for the quarter, missing analysts’ consensus estimates of ($2.10) by ($0.83). The firm had revenue of $9.93 million during the quarter, compared to the consensus estimate of $8.97 million. Assertio had a negative net margin of 34.94% and a negative return on equity of 38.72%. As a group, research analysts expect that Assertio will post 0.03 earnings per share for the current fiscal year.
Assertio Company Profile
Assertio Therapeutics, Inc, formerly known as Depomed, is a specialty pharmaceutical company focused on the development and commercialization of therapies for central nervous system (CNS) disorders, including neuropathic pain, migraine and breakthrough cancer pain. The company’s commercial portfolio includes three FDA-approved products—Qutenza (8% capsaicin) for postherpetic neuralgia, Butrans (buprenorphine) transdermal system for chronic pain and Onsolis (fentanyl buccal soluble film) for breakthrough cancer pain—which are marketed primarily in the United States under licensing agreements with global partners.
In addition to its marketed therapies, Assertio maintains a pipeline of preclinical and clinical-stage candidates targeting a range of pain and neurological conditions.
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