Asante Solutions Inc (PUMP) Raised to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Asante Solutions Inc (NASDAQ:PUMP) from a hold rating to a buy rating in a report published on Friday. They currently have $19.00 price target on the stock.
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. “
PUMP has been the topic of a number of other research reports. Piper Jaffray Companies reiterated a buy rating and set a $14.00 price target on shares of Asante Solutions in a report on Tuesday, September 19th. Capital One Financial Corporation reiterated an overweight rating on shares of Asante Solutions in a report on Thursday, July 27th. BidaskClub lowered shares of Asante Solutions from a buy rating to a hold rating in a report on Thursday, October 26th. Royal Bank Of Canada set a $20.00 price target on shares of Asante Solutions and gave the stock a buy rating in a report on Sunday, October 22nd. Finally, 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 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $19.67.
Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $282.70 million for the quarter, compared to analyst estimates of $261.69 million. The company’s revenue was up 32.4% compared to the same quarter last year.
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In related news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of the business’s stock in a transaction on 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 document filed with the SEC, which is available at this hyperlink.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of Asante Solutions during the second quarter valued at about $103,000. Tudor Investment Corp ET AL acquired a new position in shares of Asante Solutions during the first quarter valued at about $322,000. New York State Common Retirement Fund acquired a new position in shares of Asante Solutions during the second quarter valued at about $376,000. California State Teachers Retirement System acquired a new position in shares of Asante Solutions during the second quarter valued at about $625,000. Finally, Teachers Advisors LLC acquired a new position in shares of Asante Solutions during the second quarter valued at about $637,000.
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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