Asante Solutions (PUMP) Receiving Somewhat Positive Media Coverage, Study Shows
Headlines about Asante Solutions (NASDAQ:PUMP) have been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Asante Solutions earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.6798289679762 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts recently commented on PUMP shares. Credit Suisse Group lifted their price objective on Asante Solutions from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Asante Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada set a $20.00 price target on Asante Solutions and gave the company a “buy” rating in a research note on Sunday, October 22nd. BidaskClub raised Asante Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Finally, Jefferies Group initiated coverage on Asante Solutions in a research note on Thursday, October 5th. They issued a “buy” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $19.67.
Asante Solutions (NASDAQ:PUMP) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $282.70 million for the quarter, compared to the consensus estimate of $261.69 million. The company’s revenue was up 32.4% on a year-over-year basis.
In other news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $15.07, for a total value of $207,966,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
About Asante Solutions
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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