Spencer D. Armour III Sells 22,500 Shares of Asante Solutions Inc (PUMP) Stock
Asante Solutions Inc (NASDAQ:PUMP) Director Spencer D. Armour III sold 22,500 shares of Asante Solutions stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $23.96, for a total value of $539,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NASDAQ:PUMP opened at $23.72 on Friday. Asante Solutions Inc has a one year low of $11.27 and a one year high of $24.55.
Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.06. The firm had revenue of $425.41 million during the quarter, compared to analyst estimates of $423.45 million. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share.
A number of analysts have recently issued reports on PUMP shares. Royal Bank of Canada set a $24.00 target price on Asante Solutions and gave the stock a “buy” rating in a research report on Thursday, February 28th. Bank of America reaffirmed a “neutral” rating on shares of Asante Solutions in a research report on Tuesday. Credit Suisse Group lifted their target price on Asante Solutions from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Zacks Investment Research raised Asante Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Finally, Raymond James set a $24.00 target price on Asante Solutions and gave the stock a “buy” rating in a research report on Wednesday, January 23rd. Two analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Asante Solutions has a consensus rating of “Buy” and a consensus price target of $23.88.
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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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