Several other equities analysts have also issued reports on the company. Zacks Investment Research raised Asante Solutions from a hold rating to a buy rating and set a $19.00 price target on the stock in a research note on Friday. Credit Suisse Group upped their target price on Asante Solutions from $17.00 to $20.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. BidaskClub lowered Asante Solutions from a buy rating to a hold rating in a research report on Thursday, October 26th. Royal Bank Of Canada set a $20.00 target price on Asante Solutions and gave the stock a buy rating in a research report on Sunday, October 22nd. Finally, Jefferies Group LLC started coverage on Asante Solutions in a research report on Thursday, October 5th. They set a buy rating and a $18.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $19.67.
Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The business had revenue of $282.70 million during the quarter, compared to analyst estimates of $261.69 million. Asante Solutions’s revenue was up 32.4% compared to the same quarter last year.
COPYRIGHT VIOLATION WARNING: This piece was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/11/14/asante-solutions-inc-pump-earns-hold-rating-from-barclays-plc.html.
In related news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $15.07, for a total transaction of $207,966,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Institutional investors have recently made changes to their positions in the stock. Viking Fund Management LLC bought a new stake in Asante Solutions during the second quarter worth $11,028,000. Mitchell Group Inc. grew its stake in Asante Solutions by 1.9% in the 2nd quarter. Mitchell Group Inc. now owns 708,140 shares of the company’s stock valued at $9,886,000 after purchasing an additional 13,260 shares during the period. Balyasny Asset Management LLC bought a new position in Asante Solutions in the 2nd quarter valued at $4,841,000. Bank of New York Mellon Corp bought a new position in Asante Solutions in the 2nd quarter valued at $1,383,000. Finally, Nationwide Fund Advisors grew its stake in Asante Solutions by 273.1% in the 2nd quarter. Nationwide Fund Advisors now owns 94,382 shares of the company’s stock valued at $1,318,000 after purchasing an additional 69,082 shares during the period.
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.
Receive News & Ratings for Asante Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asante Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.