Asante Solutions Inc (NASDAQ:PUMP) Given Average Recommendation of “Buy” by Analysts

Asante Solutions Inc (NASDAQ:PUMP) has earned an average rating of “Buy” from the twenty-one brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $19.21.

Several equities research analysts recently commented on PUMP shares. Cowen downgraded Asante Solutions from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $17.00 to $11.00 in a report on Thursday. Wells Fargo & Co reduced their price objective on Asante Solutions from $22.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday. B. Riley started coverage on Asante Solutions in a report on Friday, May 17th. They issued a “buy” rating and a $29.00 price objective for the company. Evercore ISI reiterated a “buy” rating and issued a $26.00 price objective on shares of Asante Solutions in a report on Sunday, August 11th. Finally, Stifel Nicolaus downgraded Asante Solutions to a “buy” rating and set a $9.00 price objective for the company. in a report on Thursday, May 23rd.

In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $17.25, for a total value of $388,125.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.



A number of large investors have recently made changes to their positions in PUMP. Violich Capital Management Inc. purchased a new position in Asante Solutions in the first quarter worth about $203,000. Paloma Partners Management Co purchased a new position in Asante Solutions in the second quarter worth about $317,000. IHT Wealth Management LLC purchased a new position in shares of Asante Solutions during the 2nd quarter valued at about $334,000. Public Employees Retirement Association of Colorado purchased a new position in shares of Asante Solutions during the 2nd quarter valued at about $352,000. Finally, Everence Capital Management Inc. lifted its position in shares of Asante Solutions by 57.1% during the 1st quarter. Everence Capital Management Inc. now owns 17,060 shares of the company’s stock valued at $385,000 after buying an additional 6,200 shares in the last quarter.

Shares of NASDAQ:PUMP traded up $0.03 on Friday, hitting $10.63. 1,844,600 shares of the company traded hands, compared to its average volume of 1,447,077. Asante Solutions has a 52 week low of $8.98 and a 52 week high of $25.38. The stock has a 50 day simple moving average of $12.87 and a 200-day simple moving average of $18.77.

Asante Solutions (NASDAQ:PUMP) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.31). The company had revenue of $529.50 million during the quarter, compared to the consensus estimate of $525.58 million. During the same period last year, the firm earned $0.45 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year.

Asante Solutions Company Profile

Asante Solutions, Inc is a medical device company. The Company is a manufacturer of Asante Snap Insulin Pump System (Snap system), which is a pump featuring a modular design with pre-filled insulin cartridges and disposable pump bodies, utilized in combination with a controller. The Snap system comprises four components: the Snap system controller, a disposable pump body, disposable pre-filled insulin cartridges and disposable infusion sets.

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Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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