Asante Solutions (PUMP) PT Lowered to $21.00 at Bank of America

Asante Solutions (NASDAQ:PUMP) had its target price reduced by Bank of America from $26.00 to $21.00 in a research report released on Monday morning. They currently have a buy rating on the stock.

PUMP has been the topic of a number of other reports. Stephens lifted their target price on Asante Solutions to $25.00 and gave the stock an overweight rating in a research note on Thursday, November 8th. Stifel Nicolaus set a $23.00 target price on Asante Solutions and gave the stock a buy rating in a research note on Wednesday, October 10th. Barclays set a $20.00 target price on Asante Solutions and gave the stock a hold rating in a research note on Friday, November 9th. Credit Suisse Group set a $20.00 target price on Asante Solutions and gave the stock a buy rating in a research note on Friday, November 9th. Finally, Royal Bank of Canada set a $22.00 target price on Asante Solutions and gave the stock a buy rating in a research note on Thursday, November 8th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $22.31.

PUMP opened at $14.57 on Monday. Asante Solutions has a 1 year low of $14.00 and a 1 year high of $22.88.

Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $447.84 million. Asante Solutions’s revenue was up 53.5% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share.

In related news, Director Spencer D. Armour III sold 22,500 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $19.17, for a total value of $431,325.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC bought a new stake in Asante Solutions in the 2nd quarter valued at about $152,000. Amalgamated Bank bought a new stake in Asante Solutions in the 2nd quarter valued at about $179,000. Dorsey & Whitney Trust CO LLC bought a new stake in Asante Solutions in the 3rd quarter valued at about $189,000. Quantbot Technologies LP bought a new stake in Asante Solutions in the 3rd quarter valued at about $199,000. Finally, Flinton Capital Management LLC raised its stake in Asante Solutions by 423.7% in the 2nd quarter. Flinton Capital Management LLC now owns 14,496 shares of the company’s stock valued at $227,000 after acquiring an additional 11,728 shares during the period.

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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Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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