Streetbeat News

ASND

Ascendis Pharma A/S

Industry

Biotechnology

Ascendis Pharma A/S, a biopharmaceutical company, focuses on developing therapeutics for unmet medical needs. The company offers SKYTROFA for treating patients with growth hormone deficiency (GHD). It also develops TransCon Growth Hormone (hGH) for pediatric GHD in Japan; TransCon hGH for adults with GHD; TransCon parathyroid hormone for adult hypoparathyroidism; and TransCon CNP for pediatric achondroplasia. In addition, the company develops TransCon toll like receptors 7/8 agonist for intratumoral delivery; and TransCon IL-2 ß/g for systemic delivery. The company was incorporated in 2006 and is headquartered in Hellerup, Denmark.

Open

127.34

Mkt cap

7.3B

Volume

399K

High

127.34

P/E Ratio

-15.54

52-wk high

161.00

Low

120.77

Div yield

N/A

52-wk low

90.13

B of A Securities has maintained a Buy rating on Ascendis Pharma and raised the price target from $175 to $191, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 4:04 pm

Bausch & Lomb and Edgewise Therapeutics were among the top mid-cap stock gainers last week, driven by positive trial data and potential sales. The Federal Reserve's interest rate cut also boosted stocks in various sectors.

Portfolio Pulse from Lekha Gupta

September 22, 2024 | 9:34 pm

Several large-cap stocks experienced significant declines last week. Notable losers include Summit Therapeutics, Kaspi.kz, BioMarin Pharmaceutical, Rivian Automotive, FedEx, BioNTech, Arthur J. Gallagher, Chewy, Novo Nordisk, and Murphy USA. Factors such as financial results, analyst reports, and competitive pressures contributed to these declines.

Portfolio Pulse from Lekha Gupta

September 22, 2024 | 9:04 pm

Ascendis Pharma has priced a public offering of 2 million ADSs at $150 each, raising approximately $281.3 million. The proceeds will be used for commercial and clinical development activities, regulatory approvals, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:55 am

Ascendis Pharma has announced a public offering of $300 million of American Depositary Shares (ADSs), with an option for underwriters to purchase an additional $45 million. This move is likely to impact the company's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 8:05 pm

Wells Fargo analyst Derek Archila has maintained an Overweight rating on Ascendis Pharma (NASDAQ:ASND) and raised the price target from $264 to $289.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:42 pm

Citigroup analyst David Lebowitz has maintained a Buy rating on Ascendis Pharma and increased the price target from $178 to $207.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 3:21 pm

Evercore ISI Group has maintained an Outperform rating on Ascendis Pharma and raised its price target from $191 to $205, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:57 pm

Oppenheimer analyst Leland Gershell has reiterated an Outperform rating on Ascendis Pharma (NASDAQ:ASND) and increased the price target from $180 to $190.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:49 pm

Goldman Sachs analyst Paul Choi has maintained a Buy rating on Ascendis Pharma and increased the price target from $180 to $200.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 1:26 pm

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