Asante Solutions Inc (NASDAQ:PUMP) has earned a consensus recommendation of “Buy” from the sixteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.11.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Asante Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC downgraded Asante Solutions from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $18.00 to $12.00 in a research report on Wednesday, July 12th. BidaskClub downgraded Asante Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. R. F. Lafferty assumed 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. Finally, Jefferies Group LLC assumed coverage on Asante Solutions in a research report on Thursday, October 5th. They set a “buy” rating and a $18.00 price target on the stock.

Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.25 earnings per share (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 analysts’ expectations of $261.69 million. The company’s quarterly revenue was up 32.4% compared to the same quarter last year.

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Institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of Asante Solutions during the second quarter valued at approximately $103,000. Tudor Investment Corp ET AL acquired a new position in shares of Asante Solutions during the first quarter valued at approximately $322,000. Nationwide Fund Advisors acquired a new position in shares of Asante Solutions during the first quarter valued at approximately $326,000. New York State Common Retirement Fund acquired a new position in shares of Asante Solutions during the second quarter valued at approximately $376,000. Finally, California State Teachers Retirement System acquired a new position in shares of Asante Solutions during the second quarter valued at approximately $625,000.

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.

Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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