Assertio (ASRT) Stock Forecast, Price & News

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.
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3 brokers have issued 12 month target prices for Assertio's stock. Their ASRT share price forecasts range from $9.00 to $10.00. On average, they predict the company's share price to reach $9.50 in the next year. This suggests a possible upside of 53.5% from the stock's current price.
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Assertio's stock was trading at $4.30 at the start of the year. Since then, ASRT shares have increased by 44.0% and is now trading at $6.19.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Assertio Holdings, Inc. (NASDAQ:ASRT) released its quarterly earnings results on Tuesday, May, 9th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by $0.20. The business earned $42.47 million during the quarter, compared to analysts' expectations of $37.78 million. Assertio had a trailing twelve-month return on equity of 52.50% and a net margin of 59.86%.

ETFs with the largest weight of Assertio (NASDAQ:ASRT) stock in their portfolio include Hartford Multifactor Small Cap ETF (ROSC).Barrons 400 ETF (BFOR).

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).

Assertio trades on the NASDAQ under the ticker symbol "ASRT."

Assertio's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.
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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.
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One share of ASRT stock can currently be purchased for approximately $6.19.

Assertio (NASDAQ:ASRT) has a market capitalization of $344.78 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.

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.