Asante Solutions Inc (PUMP) PT Raised to $20.00
Asante Solutions Inc (NASDAQ:PUMP) had its target price increased by equities research analysts at Credit Suisse Group from $17.00 to $20.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 26.26% from the company’s current price.
Several other equities research analysts have also recently commented on the company. BidaskClub cut Asante Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research raised Asante Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada set a $20.00 target price on Asante Solutions and gave the stock a “buy” rating in a research note on Sunday, October 22nd. Jefferies Group LLC assumed coverage on Asante Solutions in a research note on Thursday, October 5th. They set a “buy” rating and a $18.00 target price for the company. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 target price on shares of Asante Solutions in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Asante Solutions presently has an average rating of “Buy” and an average price target of $19.18.
Shares of Asante Solutions (NASDAQ PUMP) traded up $0.19 during mid-day trading on Friday, hitting $15.84. The stock had a trading volume of 2,503,243 shares.
Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $282.70 million during the quarter, compared to analyst estimates of $261.69 million. Asante Solutions’s revenue for the quarter was up 32.4% compared to the same quarter last year.
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A number of institutional investors have recently made changes to their positions in the business. Strs Ohio bought a new position in shares of Asante Solutions in the second quarter valued at approximately $103,000. Tudor Investment Corp ET AL bought a new position in shares of Asante Solutions in the first quarter valued at approximately $322,000. New York State Common Retirement Fund bought a new position in shares of Asante Solutions in the second quarter valued at approximately $376,000. California State Teachers Retirement System bought a new position in shares of Asante Solutions in the second quarter valued at approximately $625,000. Finally, Teachers Advisors LLC bought a new position in shares of Asante Solutions in the second quarter valued at approximately $637,000.
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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