Assertio Holdings, Inc. (NASDAQ:ASRT) Shares Acquired by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC lifted its holdings in shares of Assertio Holdings, Inc. (NASDAQ:ASRTFree Report) by 9.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,961 shares of the company’s stock after acquiring an additional 15,863 shares during the quarter. Palumbo Wealth Management LLC’s holdings in Assertio were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ASRT. Point72 DIFC Ltd acquired a new position in Assertio in the 2nd quarter worth $40,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Assertio by 304.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 50,500 shares of the company’s stock worth $60,000 after buying an additional 38,000 shares in the last quarter. Marshall Wace LLP acquired a new position in Assertio in the 2nd quarter worth $70,000. Los Angeles Capital Management LLC acquired a new position in Assertio in the 2nd quarter worth $77,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Assertio in the 2nd quarter worth $149,000. Institutional investors and hedge funds own 48.96% of the company’s stock.

Assertio Stock Performance

Shares of NASDAQ:ASRT traded down $0.02 during trading on Thursday, reaching $1.03. 50,667 shares of the company’s stock traded hands, compared to its average volume of 916,588. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.93 and a quick ratio of 1.51. Assertio Holdings, Inc. has a 12 month low of $0.73 and a 12 month high of $2.37. The company has a 50 day moving average of $1.18 and a 200-day moving average of $1.17. The stock has a market capitalization of $98.20 million, a P/E ratio of -0.27 and a beta of 0.79.

Assertio (NASDAQ:ASRTGet Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Assertio had a negative net margin of 261.08% and a positive return on equity of 4.88%. The business had revenue of $31.13 million for the quarter, compared to the consensus estimate of $30.37 million. During the same period in the prior year, the company earned $0.13 EPS. On average, equities analysts expect that Assertio Holdings, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

ASRT has been the topic of a number of recent analyst reports. Maxim Group initiated coverage on shares of Assertio in a report on Friday, July 26th. They issued a “buy” rating and a $3.00 price objective on the stock. HC Wainwright initiated coverage on shares of Assertio in a research report on Wednesday, July 3rd. They issued a “buy” rating and a $4.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $3.44.

View Our Latest Stock Report on ASRT

About Assertio

(Free Report)

Assertio Holdings, Inc, a commercial pharmaceutical company, provides various products to patients in the United States. Its pharmaceutical products include INDOCIN, an oral and suppository solution for the treatment of moderate to severe rheumatoid arthritis, including acute flares of chronic disease; ankylosing spondylitis and osteoarthritis; and acute painful shoulder and gouty arthritis.

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Institutional Ownership by Quarter for Assertio (NASDAQ:ASRT)

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