Asante Solutions (PUMP) Now Covered by Analysts at Stephens

Stephens initiated coverage on shares of Asante Solutions (NASDAQ:PUMP) in a research note released on Tuesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $24.00 target price on the stock.

PUMP has been the topic of a number of other reports. BidaskClub cut shares of Asante Solutions from a buy rating to a hold rating in a research report on Thursday, October 26th. Zacks Investment Research cut shares of Asante Solutions from a strong-buy rating to a hold rating in a research report on Thursday, January 4th. Barclays reissued a hold rating and set a $18.00 target price on shares of Asante Solutions in a research report on Friday, November 10th. Jefferies Group assumed coverage on shares of Asante Solutions in a research report on Thursday, October 5th. They set a buy rating and a $18.00 target price on the stock. Finally, Credit Suisse Group boosted their target price on shares of Asante Solutions from $17.00 to $20.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Asante Solutions has a consensus rating of Buy and a consensus price target of $21.07.

Asante Solutions (NASDAQ:PUMP) last posted its earnings results on Wednesday, November 1st. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $282.70 million for the quarter, compared to analyst estimates of $261.69 million. Asante Solutions’s quarterly revenue was up 32.4% compared to the same quarter last year.

In related news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of Asante Solutions stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $15.07, for a total value of $207,966,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Large investors have recently modified their holdings of the stock. New York State Common Retirement Fund bought a new stake in shares of Asante Solutions in the second quarter worth $376,000. California State Teachers Retirement System bought a new stake in shares of Asante Solutions in the second quarter worth $625,000. Teachers Advisors LLC bought a new stake in shares of Asante Solutions in the second quarter worth $637,000. TIAA CREF Investment Management LLC bought a new stake in shares of Asante Solutions in the second quarter worth $937,000. Finally, Nationwide Fund Advisors increased its stake in shares of Asante Solutions by 273.1% in the second quarter. Nationwide Fund Advisors now owns 94,382 shares of the company’s stock worth $1,318,000 after buying an additional 69,082 shares during the last quarter.

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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.

Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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