Asante Solutions Inc (PUMP) Receives $21.64 Consensus PT from Analysts
Asante Solutions Inc (NASDAQ:PUMP) has earned a consensus rating of “Buy” from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $21.64.
Several research analysts have recently weighed in on PUMP shares. Capital One Financial reaffirmed an “overweight” rating on shares of Asante Solutions in a research report on Wednesday, August 8th. SunTrust Banks set a $24.00 price objective on Asante Solutions and gave the stock a “buy” rating in a research report on Thursday, August 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Asante Solutions in a research report on Friday, August 10th. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 price objective on shares of Asante Solutions in a research report on Thursday, August 9th. Finally, Stifel Nicolaus set a $23.00 price objective on Asante Solutions and gave the stock a “buy” rating in a research report on Wednesday, October 10th.
In related news, Director Spencer D. Armour III sold 22,500 shares of the stock in a transaction that occurred 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 Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Asante Solutions stock traded down $0.40 during trading hours on Wednesday, hitting $16.63. The company’s stock had a trading volume of 76,477 shares, compared to its average volume of 1,745,135. Asante Solutions has a 12 month low of $13.26 and a 12 month high of $22.88.
Asante Solutions (NASDAQ:PUMP) last announced its quarterly earnings results 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 the consensus estimate of $422.64 million.
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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