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.

According to Zacks, “ProPetro Holding Corp. provides oilfield services. It offers hydraulic fracturing and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. ProPetro Holding Corp. is headquartered in Midland, Texas. “

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.

Shares of NASDAQ PUMP traded down $0.20 during midday trading on Tuesday, reaching $14.59. The company’s stock had a trading volume of 29,687 shares, compared to its average volume of 1,415,729. Asante Solutions has a 12-month low of $11.27 and a 12-month high of $22.88.

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.

Featured Story: The Role of a Fiduciary and Individual Investors

Get a free copy of the Zacks research report on Asante Solutions (PUMP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.