Ascendis Pharma A/S (NASDAQ:ASND) – Equities research analysts at Wedbush issued their Q1 2018 EPS estimates for shares of Ascendis Pharma A/S in a report issued on Thursday. Wedbush analyst L. Moussatos expects that the firm will post earnings per share of ($0.54) for the quarter. Wedbush currently has a “Outperform” rating and a $34.00 target price on the stock. Wedbush also issued estimates for Ascendis Pharma A/S’s Q2 2018 earnings at ($0.55) EPS, Q3 2018 earnings at ($0.58) EPS, Q4 2018 earnings at ($0.55) EPS and FY2021 earnings at $5.90 EPS.
Several other equities research analysts have also issued reports on ASND. Leerink Swann reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Ascendis Pharma A/S in a research note on Thursday, December 1st. Zacks Investment Research raised Ascendis Pharma A/S from a “sell” rating to a “hold” rating and set a $23.00 price objective for the company in a research note on Monday, November 28th. Finally, Credit Suisse Group AG assumed coverage on Ascendis Pharma A/S in a research note on Thursday, February 9th. They issued an “outperform” rating and a $28.00 price objective for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.00.
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Shares of Ascendis Pharma A/S (NASDAQ:ASND) opened at 28.27 on Monday. The stock’s market capitalization is $712.66 million. The company has a 50-day moving average price of $27.64 and a 200 day moving average price of $22.09. Ascendis Pharma A/S has a 52 week low of $11.92 and a 52 week high of $30.57.
Several large investors have recently bought and sold shares of the stock. Marshall Wace LLP bought a new stake in Ascendis Pharma A/S during the fourth quarter valued at about $1,772,000. Foresite Capital Management III LLC bought a new stake in Ascendis Pharma A/S during the fourth quarter valued at about $3,643,000. Eventide Asset Management LLC bought a new stake in Ascendis Pharma A/S during the fourth quarter valued at about $4,635,000. Sphera Funds Management LTD. raised its stake in Ascendis Pharma A/S by 0.6% in the third quarter. Sphera Funds Management LTD. now owns 263,500 shares of the company’s stock valued at $5,296,000 after buying an additional 1,700 shares during the last quarter. Finally, Acuta Capital Partners LLC raised its stake in Ascendis Pharma A/S by 58.5% in the fourth quarter. Acuta Capital Partners LLC now owns 575,309 shares of the company’s stock valued at $11,644,000 after buying an additional 212,309 shares during the last quarter. 44.51% of the stock is owned by institutional investors and hedge funds.
Ascendis Pharma A/S Company Profile
Ascendis Pharma A/S is a clinical-stage biopharmaceutical company. The Company is engaged in applying its TransCon technology to develop a pipeline of long-acting prodrug therapies that address markets with unmet medical needs. The Company is developing its product candidate, TransCon human growth hormone (TransCon hGH) for once-weekly administration to treat growth hormone deficiency (GHD) and other indications.
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