Asante Solutions Inc (PUMP) Earns “Overweight” Rating from Capital One Financial Corporation
Asante Solutions Inc (NASDAQ:PUMP)‘s stock had its “overweight” rating reaffirmed by research analysts at Capital One Financial Corporation in a research note issued to investors on Thursday.
Several other equities analysts have also commented on the company. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 price target on shares of Asante Solutions in a research report on Thursday, July 20th. Zacks Investment Research lowered Asante Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. R. F. Lafferty began coverage on Asante Solutions in a research report on Wednesday, July 12th. They set a “buy” rating and a $32.00 price target on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $14.00 price target (down from $15.50) on shares of Asante Solutions in a research report on Wednesday, July 12th. Finally, Barclays PLC lowered Asante Solutions from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $18.00 to $12.00 in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Asante Solutions presently has a consensus rating of “Buy” and an average target price of $19.00.
Shares of Asante Solutions (NASDAQ:PUMP) opened at 13.02 on Thursday. Asante Solutions has a 52 week low of $11.68 and a 52 week high of $15.30. The firm’s 50-day moving average is $13.49 and its 200-day moving average is $13.46. The stock’s market capitalization is $1.08 billion.
Asante Solutions (NASDAQ:PUMP) last released its quarterly earnings data on Wednesday, May 10th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.38. The firm had revenue of $171.90 million during the quarter, compared to analyst estimates of $169.68 million. The company’s revenue for the quarter was up 95.6% compared to the same quarter last year. On average, equities research analysts anticipate that Asante Solutions will post $0.27 EPS for the current fiscal year.
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Several large investors have recently modified their holdings of PUMP. Strs Ohio purchased a new position in Asante Solutions during the second quarter valued at $103,000. Tudor Investment Corp ET AL purchased a new position in Asante Solutions during the first quarter valued at $322,000. Nationwide Fund Advisors purchased a new position in Asante Solutions during the first quarter valued at $326,000. Teachers Retirement System of The State of Kentucky purchased a new position in Asante Solutions during the first quarter valued at $677,000. Finally, Weiss Multi Strategy Advisers LLC purchased a new position in Asante Solutions during the first quarter valued at $1,611,000.
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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