Asante Solutions Inc (PUMP) Lowered to “Sell” at Zacks Investment Research
Zacks Investment Research downgraded shares of Asante Solutions Inc (NASDAQ:PUMP) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.
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Several other research analysts have also recently weighed in on PUMP. Barclays PLC cut Asante Solutions from an overweight rating to an equal weight rating and reduced their price objective for the stock from $18.00 to $12.00 in a research report on Wednesday. Piper Jaffray Companies reaffirmed a buy rating and set a $14.00 price objective (down from $15.50) on shares of Asante Solutions in a research report on Wednesday. Royal Bank Of Canada set a $21.00 price objective on Asante Solutions and gave the stock a buy rating in a research report on Friday, June 16th. R. F. Lafferty assumed coverage on Asante Solutions in a research report on Wednesday. They set a buy rating and a $32.00 price objective for the company. Finally, Evercore ISI assumed coverage on Asante Solutions in a research report on Tuesday, April 11th. They set an outperform rating and a $19.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $19.20.
Asante Solutions (PUMP) traded up 0.36% during trading on Wednesday, hitting $13.84. The stock had a trading volume of 956,241 shares. The firm’s market cap is $1.15 billion. Asante Solutions has a 52 week low of $11.68 and a 52 week high of $15.30. The company’s 50-day moving average is $13.34 and its 200 day moving average is $13.44.
Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings data on Wednesday, May 10th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.38. The firm had revenue of $171.90 million during the quarter, compared to the consensus estimate of $169.68 million. The firm’s revenue was up 95.6% compared to the same quarter last year. Equities analysts expect that Asante Solutions will post $0.19 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of PUMP. Tudor Investment Corp ET AL bought a new position in shares of Asante Solutions during the first quarter valued at approximately $322,000. Nationwide Fund Advisors bought a new position in shares of Asante Solutions during the first quarter valued at approximately $326,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Asante Solutions during the first quarter valued at approximately $677,000. Weiss Multi Strategy Advisers LLC bought a new position in shares of Asante Solutions during the first quarter valued at approximately $1,611,000. Finally, Hartree Partners LP bought a new position in shares of Asante Solutions during the first quarter valued at approximately $6,445,000.
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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