Equities analysts expect Asante Solutions Inc (NASDAQ:PUMP) to post $318.92 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Asante Solutions’ earnings, with the lowest sales estimate coming in at $305.00 million and the highest estimate coming in at $338.00 million. The company is scheduled to report its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Asante Solutions will report full year sales of $318.92 million for the current financial year, with estimates ranging from $973.00 million to $1.01 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.49 billion per share, with estimates ranging from $1.36 billion to $1.60 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Asante Solutions.

A number of research analysts recently weighed in on the company. Stephens initiated coverage on Asante Solutions in a research note on Tuesday, January 9th. They set an “overweight” rating and a $24.00 price target on the stock. Zacks Investment Research raised Asante Solutions from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Friday, January 5th. Royal Bank of Canada set a $24.00 price objective on Asante Solutions and gave the stock a “buy” rating in a research note on Thursday, December 21st. SunTrust Banks initiated coverage on Asante Solutions in a research note on Wednesday, December 20th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Barclays reissued a “hold” rating and issued a $18.00 price objective on shares of Asante Solutions in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $21.07.

In related news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $15.07, for a total transaction of $207,966,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Exane Derivatives purchased a new stake in shares of Asante Solutions during the fourth quarter valued at approximately $108,000. Quantitative Systematic Strategies LLC bought a new position in Asante Solutions during the fourth quarter valued at $329,000. New York State Common Retirement Fund bought a new position in Asante Solutions during the second quarter valued at $376,000. California State Teachers Retirement System bought a new position in Asante Solutions during the second quarter valued at $625,000. Finally, Teachers Advisors LLC bought a new position in Asante Solutions during the second quarter valued at $637,000.

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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.

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Earnings History and Estimates for Asante Solutions (NASDAQ:PUMP)

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