Ascendis Pharma (ASND) Earns Top Pick Rating from Wedbush

Wedbush reiterated their top pick rating on shares of Ascendis Pharma (NASDAQ:ASND) in a research note issued to investors on Friday morning. The brokerage currently has a $76.00 price objective on the biotechnology company’s stock.

Other equities research analysts have also recently issued reports about the stock. BidaskClub raised shares of Ascendis Pharma from a hold rating to a buy rating in a report on Wednesday, December 27th. Zacks Investment Research raised shares of Ascendis Pharma from a strong sell rating to a hold rating in a report on Wednesday, February 21st. Leerink Swann reaffirmed a market perform rating and issued a $64.00 target price (up from $37.00) on shares of Ascendis Pharma in a report on Monday, April 2nd. ValuEngine raised shares of Ascendis Pharma from a hold rating to a buy rating in a report on Monday, April 2nd. Finally, HC Wainwright reaffirmed a buy rating on shares of Ascendis Pharma in a report on Friday, January 19th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $67.33.

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Shares of NASDAQ:ASND opened at $61.18 on Friday. Ascendis Pharma has a one year low of $21.95 and a one year high of $69.00. The stock has a market capitalization of $2,649.63, a PE ratio of -14.72 and a beta of 0.63.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC purchased a new position in Ascendis Pharma during the fourth quarter worth about $269,000. Matisse Capital raised its holdings in Ascendis Pharma by 40.7% during the fourth quarter. Matisse Capital now owns 12,090 shares of the biotechnology company’s stock worth $484,000 after purchasing an additional 3,500 shares in the last quarter. Eversept Partners LLC purchased a new position in Ascendis Pharma during the fourth quarter worth about $485,000. Goldman Sachs Group Inc. purchased a new position in Ascendis Pharma during the fourth quarter worth about $650,000. Finally, Victory Capital Management Inc. raised its holdings in Ascendis Pharma by 224.2% during the fourth quarter. Victory Capital Management Inc. now owns 17,368 shares of the biotechnology company’s stock worth $696,000 after purchasing an additional 12,010 shares in the last quarter. 73.48% of the stock is owned by hedge funds and other institutional investors.

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About Ascendis Pharma

Ascendis Pharma A/S, a clinical stage biopharmaceutical company, develops various prodrug therapies to treat unmet medical needs. It is developing TransCon human growth hormone, which is in Phase III clinical study in children to treat growth hormone deficiency; and TransCon Treprostinil that is in Phase I clinical trial for the treatment of pulmonary arterial hypertension, a life-threatening disease characterized by elevated blood pressure in the pulmonary arteries.

Analyst Recommendations for Ascendis Pharma (NASDAQ:ASND)

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