Asante Solutions (PUMP) Given New $21.00 Price Target at Bank of America

Asante Solutions (NASDAQ:PUMP) had its price target reduced by investment analysts at Bank of America from $26.00 to $21.00 in a note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Bank of America’s price objective would suggest a potential upside of 39.91% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada restated a “buy” rating and set a $19.00 price target on shares of Asante Solutions in a research report on Thursday, August 9th. Capital One Financial restated an “overweight” rating on shares of Asante Solutions in a research report on Wednesday, August 8th. Jefferies Financial Group restated a “buy” rating and set a $20.00 price target on shares of Asante Solutions in a research report on Friday, August 10th. Stifel Nicolaus started coverage on Asante Solutions in a report on Monday, September 10th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Johnson Rice set a $24.00 target price on Asante Solutions and gave the stock a “buy” rating in a report on Thursday, November 15th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $22.31.

NASDAQ PUMP opened at $15.01 on Monday. Asante Solutions has a twelve month low of $14.00 and a twelve month high of $22.88.

Asante Solutions (NASDAQ:PUMP) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The company had revenue of $434.00 million during the quarter, compared to the consensus estimate of $447.84 million. During the same quarter in the previous year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 53.5% compared to the same quarter last year.

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

Large investors have recently made changes to their positions in the company. Riverhead Capital Management LLC bought a new position in shares of Asante Solutions during the second quarter valued at $152,000. Amalgamated Bank bought a new position in shares of Asante Solutions during the second quarter valued at $179,000. Dorsey & Whitney Trust CO LLC bought a new position in shares of Asante Solutions during the third quarter valued at $189,000. Quantbot Technologies LP bought a new position in shares of Asante Solutions during the third quarter valued at $199,000. Finally, Flinton Capital Management LLC lifted its holdings in shares of Asante Solutions by 423.7% during the second quarter. Flinton Capital Management LLC now owns 14,496 shares of the company’s stock valued at $227,000 after purchasing an additional 11,728 shares in the last quarter.

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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