Shares of Asante Solutions Inc (NASDAQ:PUMP) have been given an average rating of “Buy” by the fourteen analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.88.
PUMP has been the subject of several recent analyst reports. Evercore ISI reiterated a “buy” rating on shares of Asante Solutions in a research note on Sunday, May 14th. Instinet reiterated a “buy” rating and set a $19.00 price target on shares of Asante Solutions in a research note on Wednesday, April 19th. Nomura initiated coverage on Asante Solutions in a research note on Wednesday, April 19th. They set a “buy” rating and a $19.00 price target for the company. Tudor Pickering initiated coverage on Asante Solutions in a research note on Monday, April 17th. They set a “buy” rating for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Asante Solutions in a research note on Tuesday, April 11th. They set a “buy” rating for the company.
Shares of Asante Solutions (NASDAQ:PUMP) traded up 0.08% during midday trading on Monday, hitting $12.79. The company had a trading volume of 300,091 shares. The firm’s market cap is $1.06 billion. The company’s 50 day moving average is $13.45 and its 200 day moving average is $13.45. Asante Solutions has a one year low of $11.68 and a one year high of $15.30.
Asante Solutions (NASDAQ:PUMP) last issued its earnings results on Wednesday, May 10th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.38. The business had revenue of $171.90 million during the quarter, compared to analysts’ expectations of $169.68 million. The company’s quarterly revenue was up 95.6% on a year-over-year basis. Equities analysts forecast that Asante Solutions will post $0.31 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of PUMP. Bank of New York Mellon Corp acquired a new position in Asante Solutions during the second quarter valued at $1,383,000. Strs Ohio acquired a new position in Asante Solutions during the second quarter valued at $103,000. Viking Fund Management LLC acquired a new position in Asante Solutions during the second quarter valued at $11,028,000. Teachers Retirement System of The State of Kentucky acquired a new position in Asante Solutions during the first quarter valued at $677,000. Finally, Tudor Investment Corp ET AL acquired a new position in Asante Solutions during the first quarter valued at $322,000.
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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