Asante Solutions (PUMP) Raised to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Asante Solutions (NASDAQ:PUMP) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $15.00 target price on the stock.
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Other equities research analysts have also recently issued research reports about the stock. R. F. Lafferty reaffirmed a buy rating on shares of Asante Solutions in a report on Thursday, December 6th. Stifel Nicolaus began coverage on shares of Asante Solutions in a report on Monday, September 10th. They issued a buy rating and a $18.00 price target on the stock. Credit Suisse Group set a $21.00 price target on shares of Asante Solutions and gave the stock a buy rating in a report on Thursday, November 15th. Johnson Rice raised shares of Asante Solutions from a hold rating to a buy rating in a report on Monday. Finally, Tudor Pickering raised shares of Asante Solutions from a hold rating to a buy rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $22.00.
Asante Solutions (NASDAQ:PUMP) last announced its earnings results on Tuesday, November 6th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $434.00 million during the quarter, compared to analysts’ expectations of $447.84 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm’s revenue was up 53.5% on a year-over-year basis.
In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $19.17, for a total transaction of $431,325.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
A number of hedge funds have recently modified their holdings of PUMP. Riverhead Capital Management LLC bought a new stake in Asante Solutions during the 2nd quarter valued at $152,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Asante Solutions in the third quarter worth $189,000. Quantbot Technologies LP bought a new position in shares of Asante Solutions in the third quarter worth $199,000. Flinton Capital Management LLC increased its holdings in shares of Asante Solutions by 423.7% in the second quarter. Flinton Capital Management LLC now owns 14,496 shares of the company’s stock worth $227,000 after purchasing an additional 11,728 shares during the period. Finally, First Hawaiian Bank bought a new position in shares of Asante Solutions in the third quarter worth $268,000.
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.
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