Asante Solutions Inc (PUMP) Forecasted to Post Q3 2017 Earnings of $0.22 Per Share
Asante Solutions Inc (NASDAQ:PUMP) – Investment analysts at Jefferies Group issued their Q3 2017 earnings estimates for Asante Solutions in a report issued on Thursday. Jefferies Group analyst B. Handler expects that the company will earn $0.22 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $18.00 price target on the stock. Jefferies Group also issued estimates for Asante Solutions’ Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $0.30 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.40 EPS, FY2019 earnings at $2.10 EPS and FY2020 earnings at $2.40 EPS.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Asante Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Asante Solutions in a report on Thursday, July 20th. R. F. Lafferty started coverage on shares of Asante Solutions in a report on Wednesday, July 12th. They set a “buy” rating and a $32.00 target price for the company. Barclays PLC lowered shares of Asante Solutions from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $18.00 to $12.00 in a report on Wednesday, July 12th. Finally, Capital One Financial Corporation reaffirmed an “overweight” rating on shares of Asante Solutions in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.64.
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Shares of Asante Solutions (NASDAQ PUMP) opened at 14.39 on Monday. The stock’s market capitalization is $1.19 billion. Asante Solutions has a 52 week low of $10.84 and a 52 week high of $15.30. The stock has a 50 day moving average of $12.48 and a 200-day moving average of $13.07.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new stake in Asante Solutions in the 2nd quarter worth $103,000. Tudor Investment Corp ET AL purchased a new stake in Asante Solutions in the 1st quarter worth $322,000. Nationwide Fund Advisors purchased a new stake in Asante Solutions in the 1st quarter worth $326,000. New York State Common Retirement Fund purchased a new stake in Asante Solutions in the 2nd quarter worth $376,000. Finally, California State Teachers Retirement System purchased a new stake in Asante Solutions in the 2nd quarter worth $625,000.
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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