Barclays PLC Reaffirms Hold Rating for Asante Solutions Inc (PUMP)
Barclays PLC restated their hold rating on shares of Asante Solutions Inc (NASDAQ:PUMP) in a research report report published on Friday morning. The firm currently has a $18.00 price objective on the stock.
A number of other brokerages have also weighed in on PUMP. Credit Suisse Group upped their target price on Asante Solutions from $17.00 to $20.00 and gave the stock an outperform rating in a research note on Friday, November 3rd. Zacks Investment Research cut Asante Solutions from a hold rating to a sell rating in a report on Wednesday, October 11th. Royal Bank Of Canada set a $20.00 price objective on Asante Solutions and gave the stock a buy rating in a report on Sunday, October 22nd. BidaskClub upgraded Asante Solutions from a hold rating to a buy rating in a report on Thursday, September 28th. Finally, Jefferies Group LLC initiated coverage on Asante Solutions in a report on Thursday, October 5th. They issued a buy rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $19.67.
Asante Solutions (NASDAQ:PUMP) last announced its earnings results on Wednesday, November 1st. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $282.70 million during the quarter, compared to the consensus estimate of $261.69 million. The business’s quarterly revenue was up 32.4% on a year-over-year basis.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in Asante Solutions in the 2nd quarter worth approximately $103,000. Tudor Investment Corp ET AL purchased a new stake in Asante Solutions in the 1st quarter worth approximately $322,000. New York State Common Retirement Fund purchased a new stake in Asante Solutions in the 2nd quarter worth approximately $376,000. California State Teachers Retirement System purchased a new stake in Asante Solutions in the 2nd quarter worth approximately $625,000. Finally, Teachers Advisors LLC purchased a new stake in Asante Solutions in the 2nd quarter worth approximately $637,000.
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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