NASDAQ:ASRT Assertio (ASRT) Stock Forecast, Price & News $6.43 +0.10 (+1.58%) (As of 02:15 PM ET) Add Compare Share Share Today's Range$6.28▼$6.5650-Day Range$5.00▼$7.6652-Week Range$2.07▼$8.01Volume647,800 shsAverage Volume2.04 million shsMarket Capitalization$358.15 millionP/E Ratio4.26Dividend YieldN/APrice Target$9.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Assertio MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside46.8% Upside$9.50 Price TargetShort InterestBearish17.79% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$910,646 Sold Last QuarterProj. Earnings Growth83.33%From $0.36 to $0.66 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.35 out of 5 starsMedical Sector347th out of 1,980 stocksPharmaceutical Preparations Industry137th out of 978 stocks 3.5 Analyst's Opinion Consensus RatingAssertio has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.50, Assertio has a forecasted upside of 46.8% from its current price of $6.47.Amount of Analyst CoverageAssertio has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted17.79% of the outstanding shares of Assertio have been sold short.Short Interest Ratio / Days to CoverAssertio has a short interest ratio ("days to cover") of 4.Change versus previous monthShort interest in Assertio has recently increased by 3.34%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldAssertio does not currently pay a dividend.Dividend GrowthAssertio does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ASRT. Previous Next 2.5 News and Social Media Coverage News SentimentAssertio has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.News Coverage This WeekMarketBeat has tracked 1 news article for Assertio this week, compared to 3 articles on an average week.Search Interest37 people have searched for ASRT on MarketBeat in the last 30 days. This is an increase of 76% compared to the previous 30 days.MarketBeat Follows16 people have added Assertio to their MarketBeat watchlist in the last 30 days. This is an increase of 220% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Assertio insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $910,646.00 in company stock.Percentage Held by InsidersOnly 7.90% of the stock of Assertio is held by insiders.Percentage Held by InstitutionsOnly 33.31% of the stock of Assertio is held by institutions. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Assertio are expected to grow by 83.33% in the coming year, from $0.36 to $0.66 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Assertio is 4.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Assertio is 4.28, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 92.88.Price to Earnings Growth RatioAssertio has a PEG Ratio of 1.81. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAssertio has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Assertio (NASDAQ:ASRT) StockAssertio 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.Read More Receive ASRT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Assertio and its competitors with MarketBeat's FREE daily newsletter. Email Address ASRT Stock News HeadlinesMay 26, 2023 | finance.yahoo.comDoes Assertio Holdings (NASDAQ:ASRT) Deserve A Spot On Your Watchlist?May 25, 2023 | americanbankingnews.comAssertio Holdings, Inc. (NASDAQ:ASRT) Director Sells $651,787.80 in StockJune 1, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.May 14, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Assertio Holdings, Inc. Boosted by Analyst (NASDAQ:ASRT)May 13, 2023 | americanbankingnews.comLake Street Capital Raises Assertio (NASDAQ:ASRT) Price Target to $9.00May 12, 2023 | msn.comLake Street Maintains Assertio Holdings (ASRT) Buy RecommendationMay 12, 2023 | americanbankingnews.comAssertio (NASDAQ:ASRT) Downgraded by StockNews.com to HoldMay 11, 2023 | msn.comBWS Financial Maintains Assertio Holdings (ASRT) Buy RecommendationJune 1, 2023 | Edge On The Street (Ad)AI is Unstoppable. Now Is The Time!AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.May 11, 2023 | americanbankingnews.comAssertio (NASDAQ:ASRT) Price Target Increased to $10.00 by Analysts at BWS FinancialMay 10, 2023 | msn.comRecap: Assertio Holdings Q1 EarningsMay 10, 2023 | washingtonpost.comAssertio: Q1 Earnings SnapshotMay 10, 2023 | finance.yahoo.comAssertio Holdings First Quarter 2023 Earnings: Revenues Beat Expectations, EPS LagsMay 9, 2023 | finance.yahoo.comAssertio Holdings, Inc.'s (NASDAQ:ASRT) largest shareholders are individual investors with 58% ownership, institutions own 40%May 9, 2023 | finance.yahoo.comAssertio Reports First Quarter 2023 Financial Results, Raises Full Year 2023 OutlookMay 8, 2023 | americanbankingnews.comAssertio Holdings, Inc. (NASDAQ:ASRT) Director Sells $258,858.00 in StockMay 5, 2023 | finance.yahoo.comAssertio Holdings, Inc. Updates First Quarter 2023 Financial Results Call Time to Tuesday, May 9, 2023 at 11:30 am Eastern TimeApril 27, 2023 | finance.yahoo.comAssertio Holdings, Inc. to Report First Quarter 2023 Financial Results on Tuesday, May 9, 2023April 25, 2023 | finance.yahoo.comAssertio Holdings, Inc. to Acquire Spectrum Pharmaceuticals, Inc. in All Stock and CVR TransactionApril 17, 2023 | finance.yahoo.comThe Market Doesn't Like What It Sees From Assertio Holdings, Inc.'s (NASDAQ:ASRT) Earnings YetMarch 31, 2023 | americanbankingnews.comShort Interest in Assertio Holdings, Inc. (NASDAQ:ASRT) Rises By 57.8%March 23, 2023 | fool.comAssertio (NASDAQ: ASRT)March 10, 2023 | finance.yahoo.comAssertio Holdings, Inc. (NASDAQ:ASRT) Q4 2022 Earnings Call TranscriptMarch 8, 2023 | finance.yahoo.comAssertio Reports Fourth Quarter and Full Year 2022 Financial ResultsMarch 6, 2023 | finance.yahoo.comAssertio Appoints Dr. Howard Franklin as Senior Vice President, MedicalMarch 3, 2023 | finance.yahoo.comAssertio Holdings, Inc. (ASRT) is Attracting Investor Attention: Here is What You Should KnowMarch 2, 2023 | finance.yahoo.comWhy Earnings Season Could Be Great for Assertio (ASRT)See More Headlines ASRT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASRT Company Calendar Last Earnings3/08/2023Today6/01/2023Next Earnings (Estimated)8/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Pharmaceutical preparations Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:ASRT CUSIPN/A CIK1808665 Webwww.assertiotx.com Phone(224) 419-7106Fax510-744-8001Employees19Year FoundedN/APrice Target and Rating Average Stock Price Forecast$9.50 High Stock Price Forecast$10.00 Low Stock Price Forecast$9.00 Forecasted Upside/Downside+47.1%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$1.51 Trailing P/E Ratio4.28 Forward P/E Ratio17.94 P/E Growth1.81Net Income$109.63 million Net Margins59.86% Pretax Margin9.74% Return on Equity52.50% Return on Assets26.35% Debt Debt-to-Equity Ratio0.15 Current Ratio1.46 Quick Ratio1.29 Sales & Book Value Annual Sales$156.23 million Price / Sales2.30 Cash Flow$2.96 per share Price / Cash Flow2.18 Book Value$4.50 per share Price / Book1.44Miscellaneous Outstanding Shares55,700,000Free Float51,300,000Market Cap$359.82 million OptionableOptionable Beta1.39 Key ExecutivesDaniel A. PeisertPresident, Chief Executive Officer & DirectorWilliam IskosSenior Vice President-OperationsPaul SchwichtenbergChief Financial Officer & Senior Vice PresidentHoward J. FranklinSenior Vice President-MedicalAjay PatelChief Accounting Officer & Senior Vice PresidentKey CompetitorsY-mAbs TherapeuticsNASDAQ:YMABOculisNASDAQ:OCSApollomicsNASDAQ:APLMKhosla Ventures AcquisitionNASDAQ:KVSAVera TherapeuticsNASDAQ:VERAView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Sold 109,150 shares on 5/22/2023Ownership: 0.470%Heather L MasonSold 89,286 sharesTotal: $651,787.80 ($7.30/share)Geode Capital Management LLCBought 33,371 shares on 5/16/2023Ownership: 0.823%Susquehanna Fundamental Investments LLCSold 8,171 shares on 5/16/2023Ownership: 0.413%Balyasny Asset Management L.P.Bought 38,365 shares on 5/16/2023Ownership: 0.069%View All Insider TransactionsView All Institutional Transactions ASRT Stock - Frequently Asked Questions Should I buy or sell Assertio stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Assertio in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASRT shares. View ASRT analyst ratings or view top-rated stocks. What is Assertio's stock price forecast for 2023? 3 Wall Street research analysts have issued 1 year target prices for Assertio's stock. Their ASRT share price forecasts range from $9.00 to $10.00. On average, they anticipate the company's stock price to reach $9.50 in the next year. This suggests a possible upside of 47.1% from the stock's current price. View analysts price targets for ASRT or view top-rated stocks among Wall Street analysts. How have ASRT shares performed in 2023? Assertio's stock was trading at $4.30 at the beginning of the year. Since then, ASRT shares have increased by 50.2% and is now trading at $6.46. View the best growth stocks for 2023 here. When is Assertio's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023. View our ASRT earnings forecast. How were Assertio's earnings last quarter? Assertio Holdings, Inc. (NASDAQ:ASRT) released its earnings results on Wednesday, March, 8th. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $0.23 by $1.11. The company had revenue of $50.35 million for the quarter, compared to analyst estimates of $49.57 million. Assertio had a trailing twelve-month return on equity of 52.50% and a net margin of 59.86%. What ETFs hold Assertio's stock? ETFs with the largest weight of Assertio (NASDAQ:ASRT) stock in their portfolio include Hartford Multifactor Small Cap ETF (ROSC).Barrons 400 ETF (BFOR). What guidance has Assertio issued on next quarter's earnings? Assertio updated its first quarter 2023 earnings guidance on Wednesday, March, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $36.00 million-$38.00 million, compared to the consensus revenue estimate of $37.59 million. What other stocks do shareholders of Assertio own? Based on aggregate information from My MarketBeat watchlists, some companies that other Assertio investors own include Sorrento Therapeutics (SRNE), Actinium Pharmaceuticals (ATNM), T2 Biosystems (TTOO), VBI Vaccines (VBIV), InterDigital (IDCC), Trevena (TRVN), Ampio Pharmaceuticals (AMPE), Bionano Genomics (BNGO), Cerecor (CERC) and OPKO Health (OPK). What is Assertio's stock symbol? Assertio trades on the NASDAQ under the ticker symbol "ASRT." Who are Assertio's major shareholders? Assertio's stock is owned by a number of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (3.62%), Acadian Asset Management LLC (2.07%), BlackRock Inc. (1.73%), American Century Companies Inc. (1.16%), Two Sigma Investments LP (1.16%) and Arrowstreet Capital Limited Partnership (1.07%). Insiders that own company stock include Ajay Patel, Daniel A Peisert, Group LP Cr, Heather L Mason, James L Tyree and Paul Schwichtenberg. View institutional ownership trends. How do I buy shares of Assertio? Shares of ASRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Assertio's stock price today? One share of ASRT stock can currently be purchased for approximately $6.46. How much money does Assertio make? Assertio (NASDAQ:ASRT) has a market capitalization of $359.82 million and generates $156.23 million in revenue each year. The company earns $109.63 million in net income (profit) each year or $1.51 on an earnings per share basis. How can I contact Assertio? Assertio's mailing address is 100 South Saunders Road Suite 300, Lake Forest IL, 60045. The official website for the company is www.assertiotx.com. The company can be reached via phone at (224) 419-7106, via email at investor@assertiotx.com, or via fax at 510-744-8001. This page (NASDAQ:ASRT) was last updated on 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Assertio Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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