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

Assertio (NASDAQ:ASRT – Get 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. StockNews.com 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 MarketBeat.com, 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

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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.