Asante Solutions (NASDAQ:PUMP) has been given a $15.00 target price by stock analysts at Wells Fargo & Co in a report released on Thursday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the stock. Wells Fargo & Co‘s price objective suggests a potential upside of 31.23% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Piper Jaffray Companies cut shares of Asante Solutions from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $32.50 to $17.00 in a research note on Tuesday, September 3rd. Royal Bank of Canada set a $15.00 price objective on shares of Asante Solutions and gave the company a “buy” rating in a research note on Friday, August 9th. Cowen cut shares of Asante Solutions from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $17.00 to $11.00 in a research note on Thursday. Scotiabank set a $14.00 price objective on shares of Asante Solutions and gave the company a “hold” rating in a research note on Monday, August 26th. Finally, Citigroup cut shares of Asante Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $17.60 in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $19.42.
Shares of PUMP stock traded up $0.82 during mid-day trading on Thursday, hitting $11.43. The stock had a trading volume of 2,561,510 shares, compared to its average volume of 1,453,818. Asante Solutions has a fifty-two week low of $8.98 and a fifty-two week high of $25.38. The company’s 50-day simple moving average is $12.74 and its 200-day simple moving average is $18.73.
In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of Asante Solutions stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $17.25, for a total transaction of $388,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of institutional investors and hedge funds have recently made changes to their positions in PUMP. Violich Capital Management Inc. acquired a new position in Asante Solutions during the first quarter worth about $203,000. Paloma Partners Management Co acquired a new position in Asante Solutions during the second quarter worth about $317,000. IHT Wealth Management LLC acquired a new position in Asante Solutions during the second quarter worth about $334,000. Public Employees Retirement Association of Colorado acquired a new position in Asante Solutions during the second quarter worth about $352,000. Finally, Everence Capital Management Inc. raised its position in Asante Solutions by 57.1% during the first quarter. Everence Capital Management Inc. now owns 17,060 shares of the company’s stock worth $385,000 after acquiring an additional 6,200 shares during the last quarter.
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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