Asante Solutions (PUMP) Receiving Somewhat Favorable News Coverage, Study Finds

News headlines about Asante Solutions (NASDAQ:PUMP) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Asante Solutions earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.6036183728809 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Asante Solutions (NASDAQ:PUMP) last posted its earnings results on Wednesday, November 1st. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $282.70 million during the quarter, compared to the consensus estimate of $261.69 million. The business’s revenue for the quarter was up 32.4% on a year-over-year basis.

A number of equities research analysts recently weighed in on the stock. Barclays reaffirmed a “hold” rating and set a $18.00 price objective on shares of Asante Solutions in a research report on Friday, November 10th. Zacks Investment Research raised shares of Asante Solutions from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Friday, November 10th. Credit Suisse Group boosted their price objective on shares of Asante Solutions from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. BidaskClub downgraded shares of Asante Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada set a $20.00 price objective on shares of Asante Solutions and gave the company a “buy” rating in a research report on Sunday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Asante Solutions has a consensus rating of “Buy” and an average price target of $19.67.

In other Asante Solutions news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $15.07, for a total value of $207,966,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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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.

Insider Buying and Selling by Quarter for Asante Solutions (NASDAQ:PUMP)

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