Assertio (NASDAQ:ASRT) PT Raised to $8.00 at BWS Financial

Assertio (NASDAQ:ASRTGet Rating) had its price target increased by equities research analysts at BWS Financial from $6.00 to $8.00 in a report released on Friday, The Fly reports. The firm currently has a “buy” rating on the stock. BWS Financial’s price target would suggest a potential upside of 28.82% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. upgraded shares of Assertio from a “hold” rating to a “buy” rating in a research report on Wednesday, November 9th. Lake Street Capital assumed coverage on shares of Assertio in a research report on Monday, November 7th. They set a “buy” rating and a $7.00 target price on the stock. Four investment analysts have rated the stock with a buy rating, Based on data from, the company currently has an average rating of “Buy” and a consensus price target of $7.50.

Assertio Price Performance

NASDAQ:ASRT opened at $6.21 on Friday. The firm has a market cap of $299.88 million, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. Assertio has a 12 month low of $1.86 and a 12 month high of $6.34. The company has a quick ratio of 1.22, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $4.50 and its two-hundred day moving average price is $3.37.

Hedge Funds Weigh In On Assertio

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new position in Assertio in the second quarter valued at approximately $28,000. Sigma Planning Corp acquired a new position in Assertio in the second quarter valued at approximately $32,000. Bank of America Corp DE acquired a new position in Assertio in the fourth quarter valued at approximately $32,000. Virtu Financial LLC acquired a new position in Assertio in the third quarter valued at approximately $37,000. Finally, Advisor Group Holdings Inc. lifted its holdings in Assertio by 2,983.7% in the first quarter. Advisor Group Holdings Inc. now owns 13,229 shares of the company’s stock valued at $38,000 after buying an additional 12,800 shares during the period. 33.31% of the stock is currently owned by institutional investors and hedge funds.

Assertio Company Profile

(Get Rating)

Assertio Holdings, Inc engages in the provision of commercial pharmaceutical products. Its commercial portfolio of branded products focuses on the following areas: neurology, hospital, and pain and inflammation. The company was founded on August 7, 1995 and is headquartered in Lake Forest, IL.

Further Reading

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