Asante Solutions (NASDAQ:PUMP) issued its earnings results on Tuesday. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01), Briefing.com reports. The business had revenue of $434.00 million during the quarter, compared to analyst estimates of $447.84 million. The firm’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share.
NASDAQ PUMP traded up $1.42 on Wednesday, reaching $18.67. 2,820,700 shares of the stock traded hands, compared to its average volume of 1,717,309. Asante Solutions has a 12 month low of $14.00 and a 12 month high of $22.88.
A number of equities research analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 target price on shares of Asante Solutions in a research report on Thursday, August 9th. Capital One Financial reaffirmed an “overweight” rating on shares of Asante Solutions in a research report on Wednesday, August 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 target price on shares of Asante Solutions in a research report on Friday, August 10th. Bank of America assumed coverage on Asante Solutions in a research report on Wednesday, October 17th. They set a “buy” rating for the company. Finally, Stifel Nicolaus assumed coverage on Asante Solutions in a research report on Monday, September 10th. They set a “buy” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Asante Solutions has a consensus rating of “Buy” and a consensus price target of $21.75.
In other news, Director Spencer D. Armour III sold 22,500 shares of Asante Solutions stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $17.14, for a total value of $385,650.00. The sale was disclosed in a filing with the SEC, which is available through this link.
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Asante Solutions Company Profile
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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