Wolfe Research assumed coverage on shares of Asante Solutions (NASDAQ:PUMP) in a report released on Wednesday morning, Marketbeat Ratings reports. The firm issued an outperform rating on the stock.

Several other research analysts have also issued reports on PUMP. Stifel Nicolaus set a $23.00 price objective on Asante Solutions and gave the stock a buy rating in a research note on Wednesday. Jefferies Financial Group reiterated a buy rating and set a $21.00 price objective on shares of Asante Solutions in a research note on Friday, July 13th. Royal Bank of Canada reiterated a buy rating and set a $19.00 price objective on shares of Asante Solutions in a research note on Thursday, August 9th. SunTrust Banks set a $24.00 target price on Asante Solutions and gave the stock a buy rating in a report on Thursday, August 30th. Finally, Capital One Financial restated an overweight rating on shares of Asante Solutions in a report on Wednesday, August 8th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $21.42.

Asante Solutions stock traded down $0.03 during mid-day trading on Wednesday, hitting $17.30. 1,635,918 shares of the company were exchanged, compared to its average volume of 1,761,060. Asante Solutions has a 1-year low of $13.26 and a 1-year high of $22.88.

Asante Solutions (NASDAQ:PUMP) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.09). The business had revenue of $459.89 million during the quarter, compared to analysts’ expectations of $422.64 million.

In other news, Director Spencer D. Armour III sold 22,500 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $17.14, for a total transaction of $385,650.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

A number of institutional investors have recently bought and sold shares of the stock. Argent Capital Management LLC boosted its holdings in Asante Solutions by 1.9% in the second quarter. Argent Capital Management LLC now owns 175,680 shares of the company’s stock valued at $2,755,000 after acquiring an additional 3,300 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Asante Solutions by 23.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 23,615 shares of the company’s stock valued at $370,000 after acquiring an additional 4,426 shares during the last quarter. Hancock Holding Co. boosted its holdings in Asante Solutions by 1.2% in the first quarter. Hancock Holding Co. now owns 520,980 shares of the company’s stock valued at $8,279,000 after acquiring an additional 6,005 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in Asante Solutions by 22.4% in the second quarter. MetLife Investment Advisors LLC now owns 33,439 shares of the company’s stock valued at $524,000 after acquiring an additional 6,110 shares during the last quarter. Finally, Riverhead Capital Management LLC bought a new position in Asante Solutions in the second quarter valued at about $152,000.

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.

Read More: Market Capitalization – What it Means for Investors

Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

Receive News & Ratings for Asante Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asante Solutions and related companies with MarketBeat.com's FREE daily email newsletter.