Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Asante Solutions (PUMP) Share Price

Media stories about Asante Solutions (NASDAQ:PUMP) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Asante Solutions earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.5736216107477 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Asante Solutions stock opened at $16.32 on Friday. Asante Solutions has a fifty-two week low of $10.84 and a fifty-two week high of $22.88.

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Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings data on Monday, March 26th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.25). The business had revenue of $313.70 million during the quarter, compared to analysts’ expectations of $313.34 million. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year.

A number of research analysts have recently weighed in on PUMP shares. Royal Bank of Canada set a $20.00 price objective on Asante Solutions and gave the company a “buy” rating in a report on Wednesday, March 28th. Jefferies Group set a $21.00 target price on Asante Solutions and gave the stock a “buy” rating in a report on Tuesday, March 27th. Piper Jaffray set a $19.00 price objective on Asante Solutions and gave the company a “buy” rating in a report on Wednesday, March 28th. Zacks Investment Research downgraded Asante Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Cowen initiated coverage on Asante Solutions in a research report on Wednesday, February 7th. They issued a “market perform” rating and a $17.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Asante Solutions currently has a consensus rating of “Buy” and an average target price of $21.07.

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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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