Q4 2019 EPS Estimates for Asante Solutions Inc (NASDAQ:PUMP) Lowered by B. Riley
Asante Solutions Inc (NASDAQ:PUMP) – Research analysts at B. Riley dropped their Q4 2019 earnings per share estimates for shares of Asante Solutions in a research note issued on Friday, November 15th. B. Riley analyst T. Curran now forecasts that the company will post earnings of $0.22 per share for the quarter, down from their previous estimate of $0.25. B. Riley has a “Buy” rating and a $17.00 price target on the stock.
Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.15). The firm had revenue of $541.85 million for the quarter, compared to analysts’ expectations of $509.17 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis.
Shares of Asante Solutions stock opened at $8.39 on Monday. The firm’s 50 day moving average price is $8.45 and its 200-day moving average price is $14.68. Asante Solutions has a 52-week low of $7.07 and a 52-week high of $25.38.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its position in Asante Solutions by 9.9% during the third quarter. Comerica Bank now owns 77,185 shares of the company’s stock worth $650,000 after acquiring an additional 6,922 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Asante Solutions during the third quarter worth $699,000. Nikko Asset Management Americas Inc. purchased a new stake in shares of Asante Solutions during the third quarter worth $699,000. Dupont Capital Management Corp grew its holdings in shares of Asante Solutions by 63.6% during the third quarter. Dupont Capital Management Corp now owns 33,121 shares of the company’s stock worth $301,000 after buying an additional 12,874 shares in the last quarter. Finally, First Quadrant L P CA grew its holdings in shares of Asante Solutions by 1,276.4% during the third quarter. First Quadrant L P CA now owns 14,700 shares of the company’s stock worth $134,000 after buying an additional 13,632 shares in the last quarter.
Asante Solutions Company Profile
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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