Asante Solutions (NASDAQ:PUMP) had its price target boosted by research analysts at Stephens to $25.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has an “overweight” rating on the stock. Stephens’ price target points to a potential upside of 34.41% from the stock’s current price.

A number of other analysts have also commented on PUMP. Zacks Investment Research lowered Asante Solutions from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 17th. Stifel Nicolaus began coverage on Asante Solutions in a research report on Monday, September 10th. They issued a “buy” rating and a $18.00 target price for the company. Royal Bank of Canada set a $22.00 target price on Asante Solutions and gave the company a “buy” rating in a research report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $21.00 target price on shares of Asante Solutions in a research report on Friday, July 13th. Finally, SunTrust Banks set a $24.00 target price on Asante Solutions and gave the company a “buy” rating in a research report on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $22.23.

Asante Solutions stock traded down $0.01 during midday trading on Thursday, reaching $18.60. The stock had a trading volume of 1,883,740 shares, compared to its average volume of 1,719,347. Asante Solutions has a 12 month low of $14.00 and a 12 month high of $22.88.

Asante Solutions (NASDAQ:PUMP) last issued its earnings results on Tuesday, November 6th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $434.00 million during the quarter, compared to analyst estimates of $447.84 million. During the same period last year, the firm earned $0.25 earnings per share. Asante Solutions’s quarterly revenue was up 53.5% compared to the same quarter last year.

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 Tuesday, October 2nd. The stock was sold at an average price of $17.14, for a total transaction of $385,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional investors and hedge funds have recently modified their holdings of the business. Riverhead Capital Management LLC bought a new stake in Asante Solutions during the 2nd quarter worth approximately $152,000. Everence Capital Management Inc. purchased a new position in shares of Asante Solutions in the 2nd quarter worth approximately $170,000. Amalgamated Bank purchased a new position in shares of Asante Solutions in the 2nd quarter worth approximately $179,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Asante Solutions in the 3rd quarter worth approximately $189,000. Finally, Flinton Capital Management LLC boosted its stake in shares of Asante Solutions by 423.7% in the 2nd quarter. Flinton Capital Management LLC now owns 14,496 shares of the company’s stock worth $227,000 after buying an additional 11,728 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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The Fly

Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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