Asante Solutions Inc (PUMP) Downgraded by Zacks Investment Research

Asante Solutions Inc (NASDAQ:PUMP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “ProPetro Holding Corp. provides oilfield services. It offers hydraulic fracturing and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. ProPetro Holding Corp. is headquartered in Midland, Texas. “

A number of other equities research analysts have also issued reports on the stock. Jefferies Group LLC assumed coverage on shares of Asante Solutions in a report on Thursday, October 5th. They set a “buy” rating and a $18.00 target price on the stock. BidaskClub upgraded shares of Asante Solutions from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 target price on shares of Asante Solutions in a report on Tuesday, September 19th. Credit Suisse Group set a $15.00 target price on shares of Asante Solutions and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Capital One Financial Corporation reiterated an “overweight” rating on shares of Asante Solutions in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $18.64.

Asante Solutions (PUMP) opened at 14.76 on Wednesday. The company’s market cap is $1.23 billion. The company has a 50-day moving average of $12.67 and a 200-day moving average of $13.07. Asante Solutions has a 52 week low of $10.84 and a 52 week high of $15.30.

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Several large investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. purchased a new stake in shares of Asante Solutions in the first quarter valued at about $13,184,000. Viking Fund Management LLC purchased a new stake in shares of Asante Solutions in the second quarter valued at about $11,028,000. Mitchell Group Inc. boosted its holdings in shares of Asante Solutions by 1.9% in the second quarter. Mitchell Group Inc. now owns 708,140 shares of the company’s stock valued at $9,886,000 after acquiring an additional 13,260 shares in the last quarter. State Street Corp purchased a new stake in shares of Asante Solutions in the second quarter valued at about $5,033,000. Finally, Balyasny Asset Management LLC purchased a new stake in shares of Asante Solutions in the second quarter valued at about $4,841,000.

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.

Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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