B. Riley began coverage on shares of Asante Solutions (NASDAQ:PUMP) in a research report sent to investors on Friday, BenzingaRatingsTable reports. The firm issued a buy rating and a $29.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. Goldman Sachs Group started coverage on Asante Solutions in a research report on Sunday, March 10th. They issued a buy rating and a $28.00 target price on the stock. Zacks Investment Research upgraded Asante Solutions from a hold rating to a buy rating and set a $23.00 target price on the stock in a research report on Tuesday, March 5th. 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. 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. Finally, Cowen set a $28.00 target price on Asante Solutions and gave the stock a buy rating in a research report on Thursday, February 28th. Three equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Asante Solutions presently has an average rating of Buy and an average target price of $24.18.

NASDAQ:PUMP opened at $22.68 on Friday. Asante Solutions has a 12 month low of $11.27 and a 12 month high of $25.38.

Asante Solutions (NASDAQ:PUMP) last posted its earnings results on Tuesday, May 7th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.05. The firm had revenue of $546.20 million during the quarter, compared to analysts’ expectations of $519.39 million. Asante Solutions’s quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share.

In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $23.96, for a total transaction of $539,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

A number of hedge funds and other institutional investors have recently modified their holdings of PUMP. Norges Bank bought a new stake in Asante Solutions during the fourth quarter worth approximately $6,528,000. Kennedy Capital Management Inc. bought a new position in shares of Asante Solutions during the first quarter valued at approximately $9,385,000. Oregon Public Employees Retirement Fund bought a new position in shares of Asante Solutions during the fourth quarter valued at approximately $28,000. Marshall Wace North America L.P. grew its stake in shares of Asante Solutions by 634.1% during the first quarter. Marshall Wace North America L.P. now owns 181,460 shares of the company’s stock valued at $4,091,000 after buying an additional 156,740 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Asante Solutions by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,112,627 shares of the company’s stock valued at $13,708,000 after buying an additional 118,785 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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Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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