Asante Solutions (PUMP) PT Set at $20.00 by Credit Suisse Group
Asante Solutions (NASDAQ:PUMP) received a $20.00 price objective from Credit Suisse Group in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 7.53% from the company’s current price.
A number of other analysts also recently issued reports on PUMP. Jefferies Financial Group reiterated a “buy” rating and set a $21.00 price target on shares of Asante Solutions in a research report on Friday, July 13th. Royal Bank of Canada restated a “buy” rating and issued a $19.00 target price on shares of Asante Solutions in a research report on Thursday, August 9th. Capital One Financial restated an “overweight” rating on shares of Asante Solutions in a research report on Wednesday, August 8th. SunTrust Banks set a $24.00 target price on Asante Solutions and gave the stock a “buy” rating in a research report on Thursday, August 30th. Finally, Stifel Nicolaus began coverage on Asante Solutions in a research report on Monday, September 10th. They issued a “buy” rating and a $18.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $22.23.
Shares of PUMP opened at $18.60 on Friday. Asante Solutions has a 12-month low of $14.00 and a 12-month high of $22.88.
In related news, Director Spencer D. Armour III sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $17.14, for a total value of $385,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
A number of hedge funds have recently made changes to their positions in PUMP. Riverhead Capital Management LLC bought a new stake in Asante Solutions in the second quarter valued at approximately $152,000. Everence Capital Management Inc. bought a new stake in Asante Solutions in the second quarter valued at approximately $170,000. Amalgamated Bank bought a new stake in Asante Solutions in the second quarter valued at approximately $179,000. Dorsey & Whitney Trust CO LLC bought a new stake in Asante Solutions in the third quarter valued at approximately $189,000. Finally, Flinton Capital Management LLC lifted its position in Asante Solutions by 423.7% in the second quarter. Flinton Capital Management LLC now owns 14,496 shares of the company’s stock valued at $227,000 after purchasing an additional 11,728 shares during the last quarter.
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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