Asante Solutions (PUMP) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media coverage about Asante Solutions (NASDAQ:PUMP) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Asante Solutions earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.8296867449343 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Energy Capital Partners Ii, Ll Sells 13,800,000 Shares of Asante Solutions Inc (PUMP) Stock (americanbankingnews.com)
- Asante Solutions Inc (PUMP) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Stocks With Rising Relative Price Strength: ProPetro (finance.yahoo.com)
- Asante Solutions Inc (PUMP) Receives Hold Rating from Barclays PLC (americanbankingnews.com)
- Stocks To Watch: ProPetro Sees Relative Strength Rating Jump To 84 (finance.yahoo.com)
PUMP has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $19.00 target price on shares of Asante Solutions in a report on Thursday, July 20th. Piper Jaffray Companies reissued a “buy” rating and set a $14.00 target price on shares of Asante Solutions in a report on Tuesday, September 19th. Credit Suisse Group set a $15.00 target price on Asante Solutions and gave the stock a “buy” rating in a report on Friday, August 11th. Jefferies Group LLC initiated coverage on Asante Solutions in a report on Thursday, October 5th. They set a “buy” rating and a $18.00 target price on the stock. Finally, BidaskClub raised Asante Solutions from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.67.
Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The company had revenue of $282.70 million during the quarter, compared to the consensus estimate of $261.69 million. The firm’s quarterly revenue was up 32.4% compared to the same quarter last year.
In other Asante Solutions news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of Asante Solutions stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $15.07, for a total transaction of $207,966,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
About Asante Solutions
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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