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.
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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.
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