Asante Solutions’ (PUMP) Outperform Rating Reiterated at Cowen

Cowen reissued their outperform rating on shares of Asante Solutions (NASDAQ:PUMP) in a research report sent to investors on Monday, Briefing.com Automated Import reports. The brokerage currently has a $17.00 target price on the stock, down from their prior target price of $25.00.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Asante Solutions from a buy rating to a hold rating in a research report on Wednesday, May 15th. Stifel Nicolaus downgraded Asante Solutions to a buy rating and set a $9.00 target price on the stock. in a research report on Thursday, May 23rd. B. Riley began coverage on Asante Solutions in a research report on Friday, May 17th. They issued a buy rating and a $29.00 target price on the stock. BidaskClub downgraded Asante Solutions from a sell rating to a strong sell rating in a research report on Saturday, July 27th. Finally, Citigroup downgraded Asante Solutions from a buy rating to a neutral rating and cut their target price for the company from $25.00 to $17.60 in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. Asante Solutions has a consensus rating of Buy and a consensus target price of $21.41.

NASDAQ PUMP opened at $11.27 on Monday. The stock’s fifty day moving average price is $17.51 and its 200 day moving average price is $19.73. Asante Solutions has a 1 year low of $10.91 and a 1 year high of $25.38.

Asante Solutions (NASDAQ:PUMP) last released its earnings results on Thursday, August 8th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.31). The company had revenue of $529.50 million during the quarter, compared to analysts’ expectations of $525.58 million. During the same quarter last year, the firm posted $0.45 earnings per share. Asante Solutions’s revenue for the quarter was up 15.1% compared to the same quarter last year.

In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $18.95, for a total value of $426,375.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 67,500 shares of company stock worth $1,278,000.

A number of large investors have recently bought and sold shares of the business. LS Investment Advisors LLC boosted its holdings in Asante Solutions by 4.2% in the first quarter. LS Investment Advisors LLC now owns 10,846 shares of the company’s stock valued at $244,000 after purchasing an additional 435 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Asante Solutions by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 28,481 shares of the company’s stock valued at $642,000 after purchasing an additional 514 shares during the last quarter. Arizona State Retirement System boosted its holdings in Asante Solutions by 0.7% in the second quarter. Arizona State Retirement System now owns 115,272 shares of the company’s stock valued at $2,386,000 after purchasing an additional 822 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in Asante Solutions by 4.3% in the first quarter. Mason Street Advisors LLC now owns 23,827 shares of the company’s stock valued at $537,000 after purchasing an additional 989 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Asante Solutions by 4.3% in the second quarter. LSV Asset Management now owns 26,700 shares of the company’s stock valued at $552,000 after purchasing an additional 1,100 shares during the last quarter.

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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Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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