Fintel reports that on August 4, 2023, BWS Financial reiterated coverage of Assertio Holdings (NASDAQ:ASRT) with a Buy recommendation.
Analyst Price Forecast Suggests 241.75% Upside
As of August 2, 2023, the average one-year price target for Assertio Holdings is 9.94. The forecasts range from a low of 9.09 to a high of $10.50. The average price target represents an increase of 241.75% from its latest reported closing price of 2.91.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Assertio Holdings is 149MM, a decrease of 11.53%. The projected annual non-GAAP EPS is 0.51.
What is the Fund Sentiment?
There are 187 funds or institutions reporting positions in Assertio Holdings. This is an increase of 48 owner(s) or 34.53% in the last quarter. Average portfolio weight of all funds dedicated to ASRT is 0.10%, an increase of 6.95%. Total shares owned by institutions increased in the last three months by 35.42% to 28,821K shares. 
The put/call ratio of ASRT is 0.09, indicating a bullish outlook.
What are Other Shareholders Doing?
Renaissance Technologies holds 2,013K shares representing 3.56% ownership of the company. In it's prior filing, the firm reported owning 828K shares, representing an increase of 58.88%. The firm increased its portfolio allocation in ASRT by 249.50% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,659K shares representing 2.94% ownership of the company. In it's prior filing, the firm reported owning 1,451K shares, representing an increase of 12.55%. The firm increased its portfolio allocation in ASRT by 56.42% over the last quarter.
DWAS - Invesco DWA SmallCap Momentum ETF holds 1,372K shares representing 2.43% ownership of the company.
Invesco holds 1,309K shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 233K shares, representing an increase of 82.23%. The firm increased its portfolio allocation in ASRT by 693.93% over the last quarter.
Marshall Wace, Llp holds 1,243K shares representing 2.20% ownership of the company. In it's prior filing, the firm reported owning 669K shares, representing an increase of 46.23%. The firm increased its portfolio allocation in ASRT by 72.26% over the last quarter.
Additional reading:
- Assertio Reports Second Quarter 2023 Financial Results, Closes Spectrum Acquisition Second Quarter Net Product Sales Increase 13% Year-Over-Year, Generates $18.6 Million in Cash Flow from Operations Acquisition Expected to be Significantly Accretive
- Assertio Holdings, Inc Announces Favorable Vote on Proposed Acquisition of Spectrum Pharmaceuticals Stockholders From Both Assertio and Spectrum Have Overwhelmingly Voted in Support of the Transaction Transaction Expected to be Significantly Accretiv
- Assertio Holdings, Inc. Closes Spectrum Pharmaceuticals Transaction Combination of Assertio’s Omni-Channel Digital Sales Capabilities and ROLVEDON In-Person Commercial Team to Enhance Market Access and Growth Across All Products Transaction Expected
- AMENDMENT TO THE Amended and Restated Bylaws of Assertio holdings, INC. Adopted and Approved by the Board of Directors on June 12, 2023
- Guggenheim Securities, LLC
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
