Asante Solutions’ (PUMP) Outperform Rating Reiterated at Cowen

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Cowen reaffirmed their outperform rating on shares of Asante Solutions (NASDAQ:PUMP) in a report issued on Monday, Briefing.com Automated Import reports. Cowen currently has a $17.00 price target on the stock, down from their previous price target of $25.00.

PUMP has been the subject of several other research reports. Stifel Nicolaus lowered Asante Solutions to a buy rating and set a $9.00 price target for the company. in a research report on Thursday, May 23rd. Raymond James set a $26.00 price target on Asante Solutions and gave the stock a buy rating in a research report on Tuesday, July 2nd. Bank of America reiterated a neutral rating and issued a $18.00 price target (down previously from $22.00) on shares of Asante Solutions in a research report on Friday, August 9th. Zacks Investment Research lowered Asante Solutions from a buy rating to a hold rating in a research report on Wednesday, May 15th. Finally, B. Riley started coverage on Asante Solutions in a research report on Friday, May 17th. They set a buy rating and a $29.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the company. Asante Solutions currently has an average rating of Buy and a consensus price target of $21.41.

PUMP opened at $11.27 on Monday. Asante Solutions has a 12 month low of $10.91 and a 12 month high of $25.38. The stock has a 50-day moving average of $17.51 and a 200 day moving average of $19.73.

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

In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $17.25, for a total transaction of $388,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 67,500 shares of company stock valued at $1,278,000 in the last 90 days.

Several hedge funds and other institutional investors have recently made changes to their positions in PUMP. Norges Bank purchased a new stake in shares of Asante Solutions in the fourth quarter valued at approximately $6,528,000. Kennedy Capital Management Inc. purchased a new stake in shares of Asante Solutions in the first quarter valued at approximately $9,385,000. UBS Asset Management Americas Inc. boosted its holdings in shares of Asante Solutions by 297.1% in the second quarter. UBS Asset Management Americas Inc. now owns 213,396 shares of the company’s stock valued at $4,417,000 after purchasing an additional 159,654 shares during the period. Marshall Wace North America L.P. boosted its holdings in shares of Asante Solutions by 634.1% in the first quarter. Marshall Wace North America L.P. now owns 181,460 shares of the company’s stock valued at $4,091,000 after purchasing an additional 156,740 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Asante Solutions by 9.0% in the second quarter. Westwood Holdings Group Inc. now owns 1,212,962 shares of the company’s stock valued at $25,108,000 after purchasing an additional 100,657 shares during the period.

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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