Asante Solutions (NASDAQ:PUMP) received a $22.00 price target from stock analysts at Royal Bank of Canada in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 18.28% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus set a $23.00 target price on shares of Asante Solutions and gave the stock a “buy” rating in a research report on Wednesday, October 10th. SunTrust Banks set a $24.00 target price on shares of Asante Solutions and gave the stock a “buy” rating in a research report on Thursday, August 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Asante Solutions in a research report on Friday, August 10th. Bank of America began coverage on shares of Asante Solutions in a research report on Wednesday, October 17th. They issued a “buy” rating for the company. Finally, Cowen began coverage on shares of Asante Solutions in a research report on Saturday, October 13th. They issued a “hold” rating and a $18.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Asante Solutions currently has a consensus rating of “Buy” and a consensus price target of $22.23.

Shares of PUMP traded down $0.01 on Thursday, hitting $18.60. 1,883,740 shares of the stock traded hands, compared to its average volume of 1,719,347. Asante Solutions has a one year low of $14.00 and a one year high of $22.88.

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

In other news, Director Spencer D. Armour III sold 22,500 shares of Asante Solutions stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $17.14, for a total transaction of $385,650.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Several institutional investors have recently modified their holdings of PUMP. Viking Fund Management LLC purchased a new position in shares of Asante Solutions during the 2nd quarter worth $14,582,000. Cortina Asset Management LLC boosted its stake in shares of Asante Solutions by 257.7% during the 2nd quarter. Cortina Asset Management LLC now owns 1,120,632 shares of the company’s stock worth $17,572,000 after acquiring an additional 807,314 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Asante Solutions by 231.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 972,237 shares of the company’s stock worth $15,245,000 after acquiring an additional 679,172 shares during the last quarter. River & Mercantile Asset Management LLP purchased a new position in shares of Asante Solutions during the 2nd quarter worth $4,976,000. Finally, United Services Automobile Association boosted its stake in shares of Asante Solutions by 76.0% during the 2nd quarter. United Services Automobile Association now owns 525,974 shares of the company’s stock worth $8,247,000 after acquiring an additional 227,096 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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Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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