Ascendis Pharma A/S (NASDAQ:ASND – Get Free Report) was upgraded by equities research analysts at Evercore ISI to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports.
Several other equities analysts have also issued reports on the stock. Morgan Stanley lifted their target price on shares of Ascendis Pharma A/S from $116.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, May 16th. Stifel Nicolaus started coverage on shares of Ascendis Pharma A/S in a research note on Friday, May 31st. They issued a “buy” rating and a $200.00 target price on the stock. StockNews.com downgraded shares of Ascendis Pharma A/S from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. Wells Fargo & Company upped their price objective on Ascendis Pharma A/S from $260.00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, Jefferies Financial Group increased their target price on Ascendis Pharma A/S from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $185.00.
Get Our Latest Stock Report on Ascendis Pharma A/S
Ascendis Pharma A/S Stock Up 0.1 %
Hedge Funds Weigh In On Ascendis Pharma A/S
Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC bought a new position in Ascendis Pharma A/S in the fourth quarter worth approximately $25,000. Private Ocean LLC purchased a new position in Ascendis Pharma A/S during the first quarter valued at $36,000. Quadrant Capital Group LLC grew its holdings in Ascendis Pharma A/S by 90.4% during the fourth quarter. Quadrant Capital Group LLC now owns 318 shares of the biotechnology company’s stock valued at $40,000 after purchasing an additional 151 shares during the period. EverSource Wealth Advisors LLC increased its position in Ascendis Pharma A/S by 37.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the biotechnology company’s stock worth $42,000 after buying an additional 91 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Ascendis Pharma A/S by 61.0% in the first quarter. Bessemer Group Inc. now owns 876 shares of the biotechnology company’s stock worth $132,000 after buying an additional 332 shares during the period.
About Ascendis Pharma A/S
Ascendis Pharma A/S, a biopharmaceutical company, focuses on developing therapies for unmet medical needs. It offers SKYTROFA for treating patients with growth hormone deficiency (GHD). The company is also developing a pipeline of three independent endocrinology rare disease product candidates in clinical development, as well as focuses on advancing oncology therapeutic candidates.
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