Depomed Stock Price, News & Analysis (NYSE:ASRT)

$1.38
+0.06 (+4.55 %)
(As of 09/22/2019 04:00 PM ET)
Today's Range
$1.3050
Now: $1.38
$1.40
50-Day Range
$1.24
MA: $1.67
$3.43
52-Week Range
$1.23
Now: $1.38
$6.24
Volume1.25 million shs
Average Volume997,791 shs
Market Capitalization$89.46 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Assertio Therapeutics, Inc., a specialty pharmaceutical company, engages in the development, sale, and licensing of products for pain and other central nervous system conditions in the United States. It offers Gralise (gabapentin), an once-daily product for the management of postherpetic neuralgia; CAMBIA (diclofenac potassium for oral solution), a non-steroidal anti-inflammatory drug indicated for acute treatment of migraine attacks in adults; and Zipsor (diclofenac potassium) liquid filled capsule, a non-steroidal anti-inflammatory drug for the treatment of mild to moderate acute pain in adults. The company also provides NUCYNTA ER (tapentadol extended release tablet), a product for the management of pain severe enough to long term opioid treatment, including neuropathic pain associated with diabetic peripheral neuropathy (DPN) in adults; and NUCYNTA IR (tapentadol), a product for the management of moderate to severe acute pain in adults. In addition, it is involved in the clinical development of Cebranopadol for the treatment of chronic nociceptive and neuropathic pain. It has a collaboration and license agreement with Ironwood Pharmaceuticals, Inc.; and a license agreement with Janssen Pharmaceuticals, Inc. based on its proprietary Acuform gastroretentive drug delivery technology. The company sells its products to wholesalers and retail pharmacies. The company was formerly known as Depomed Inc. and changed its name to Assertio Therapeutics, Inc. in August 2018 Assertio Therapeutics, Inc. was founded in 1995 and is headquartered in Lake Forest, Illinois.

Industry, Sector and Symbol

Industry Drug Manufacturers - Specialty & Generic
Sub-IndustryN/A
SectorMedical
CUSIPN/A
CIKN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

EmployeesN/A
Market Cap$89.46 million
Next Earnings Date11/14/2019 (Estimated)
OptionableOptionable

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Depomed (NYSE:ASRT) Frequently Asked Questions

What is Depomed's stock symbol?

Depomed trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASRT."

How were Depomed's earnings last quarter?

Depomed, Inc. (NYSE:ASRT) issued its quarterly earnings results on Wednesday, August, 7th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by $0.01. The firm earned $57.20 million during the quarter, compared to analysts' expectations of $58.49 million. View Depomed's Earnings History.

When is Depomed's next earnings date?

Depomed is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Depomed.

What price target have analysts set for ASRT?

1 brokerages have issued 1 year price targets for Depomed's shares. Their predictions range from $3.00 to $3.00. On average, they anticipate Depomed's stock price to reach $3.00 in the next year. This suggests a possible upside of 117.4% from the stock's current price. View Analyst Price Targets for Depomed.

What is the consensus analysts' recommendation for Depomed?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Depomed in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Depomed.

What are Wall Street analysts saying about Depomed stock?

Here are some recent quotes from research analysts about Depomed stock:
  • 1. According to Zacks Investment Research, "Assertio Therapeutics, Inc. is a pharmaceutical company. It develops and markets a product for the treatment in neurology, orphan and diseases of the central nervous system. Assertio Therapeutics, Inc., formerly known as Depomed Inc., is headquartered in Lake Forest, Illinois. " (8/13/2019)
  • 2. Mizuho analysts commented, "We are less optimistic but could see future pricing upside later in the quarter (no 2019 price increases for Cambia, Zipsor, or Gralise as of yet). We were relieved to hear that there was no increased payer pressure on acute migraine drug, Cambia, which may have positive read-throughs to other migraine products we cover. The company plans to redouble its efforts on business development in 2019 and to refinance its senior secured debt. It may also attempt to monetize its royalty on the Ironwood GERD asset. Lastly, mgmt. continues to have encouraging discussions with large payers on Synacthen Depot and indicated that plans could see past its limited label if there was adequate safety data presented in the compendium. We expect the stock to get more interesting closer to Synacthen Depot approval in late 2019." (1/11/2019)

Has Depomed been receiving favorable news coverage?

Press coverage about ASRT stock has trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Depomed earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Depomed.

Who are some of Depomed's key competitors?

What other stocks do shareholders of Depomed own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Depomed investors own include InterDigital Wireless (IDCC), Bank of Hawaii (BOH), Stag Industrial (STAG), Fluent (FLNT), Baytex Energy (BTE), Kosmos Energy (KOS), Fuel Tech (FTEK), Extraction Oil & Gas (XOG), Crescent Point Energy (CPG) and SRC Energy (SRCI).

Who are Depomed's key executives?

Depomed's management team includes the folowing people:
  • Mr. Arthur Joseph Higgins, CEO, Pres & Director (Age 62)
  • Mr. Phillip B. Donenberg, CFO & Sr. VP (Age 57)
  • Mr. Sean P. McKercher, Sr. VP of Operations & Bus. (Age 61)
  • Dr. Stan Bukofzer, Sr. VP and Chief Medical & Scientific Officer (Age 62)
  • Mr. John B. Thomas, Sr. VP of IR & Corp. Communications (Age 54)

Who are Depomed's major shareholders?

Depomed's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Public Employees Retirement System of Ohio (0.20%). Company insiders that own Depomed stock include Arthur J Higgins, Daniel A Peisert, Karen A Dawes, Stan Bukofzer and William Mckee. View Institutional Ownership Trends for Depomed.

Which institutional investors are buying Depomed stock?

ASRT stock was bought by a variety of institutional investors in the last quarter, including Public Employees Retirement System of Ohio. Company insiders that have bought Depomed stock in the last two years include Arthur J Higgins, Daniel A Peisert and Stan Bukofzer. View Insider Buying and Selling for Depomed.

How do I buy shares of Depomed?

Shares of ASRT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Depomed's stock price today?

One share of ASRT stock can currently be purchased for approximately $1.38.

How big of a company is Depomed?

Depomed has a market capitalization of $89.46 million. View Additional Information About Depomed.

What is Depomed's official website?

The official website for Depomed is http://www.assertiotx.com/.


MarketBeat Community Rating for Depomed (NYSE ASRT)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  50 (Vote Outperform)
Underperform Votes:  54 (Vote Underperform)
Total Votes:  104
MarketBeat's community ratings are surveys of what our community members think about Depomed and other stocks. Vote "Outperform" if you believe ASRT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ASRT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/22/2019 by MarketBeat.com Staff

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