Asante Solutions (PUMP) Receiving Somewhat Positive Press Coverage, Analysis Finds
News stories about Asante Solutions (NASDAQ:PUMP) have been trending somewhat positive on Monday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Asante Solutions earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.9706397564145 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Asante Solutions (PUMP) Given a $24.00 Price Target at Royal Bank of Canada (americanbankingnews.com)
- Asante Solutions Inc (PUMP) Forecasted to Post FY2017 Earnings of $0.29 Per Share (americanbankingnews.com)
- Asante Solutions Inc (PUMP) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Asante Solutions (PUMP) Now Covered by SunTrust Banks (americanbankingnews.com)
PUMP has been the subject of several analyst reports. Royal Bank of Canada set a $24.00 price objective on Asante Solutions and gave the stock a “buy” rating in a research report on Thursday. SunTrust Banks assumed coverage on Asante Solutions in a research note on Wednesday, December 20th. They issued a “buy” rating and a $27.00 price target on the stock. Piper Jaffray Companies reaffirmed a “buy” rating and set a $14.00 price objective on shares of Asante Solutions in a report on Tuesday, September 19th. Zacks Investment Research lowered Asante Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, Jefferies Group assumed coverage on Asante Solutions in a report on Thursday, October 5th. They set a “buy” rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.54.
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 Zacks’ consensus estimate of $0.20 by $0.05. The company had revenue of $282.70 million for the quarter, compared to analyst estimates of $261.69 million. The company’s revenue for the quarter was up 32.4% on a year-over-year basis.
In related 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 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 can be accessed through this link.
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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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