Asante Solutions Inc (NASDAQ:PUMP) – Stock analysts at Jefferies Group upped their FY2018 earnings per share estimates for shares of Asante Solutions in a research note issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst B. Handler now forecasts that the company will post earnings of $2.40 per share for the year, up from their previous estimate of $2.10. Jefferies Group has a “Buy” rating and a $18.00 price objective on the stock. Jefferies Group also issued estimates for Asante Solutions’ FY2019 earnings at $2.30 EPS and FY2020 earnings at $2.70 EPS.
Several other brokerages also recently weighed in on PUMP. Credit Suisse Group upped their target price on shares of Asante Solutions from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Asante Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Royal Bank of Canada set a $20.00 target price on shares of Asante Solutions and gave the stock a “buy” rating in a report on Sunday, October 22nd. BidaskClub raised shares of Asante Solutions from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $14.00 price objective on shares of Asante Solutions in a report on Tuesday, September 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $21.07.
Several hedge funds and other institutional investors have recently made changes to their positions in PUMP. Bank of New York Mellon Corp purchased a new stake in shares of Asante Solutions during the 2nd quarter valued at about $1,383,000. Teachers Advisors LLC purchased a new stake in shares of Asante Solutions during the 2nd quarter valued at about $637,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Asante Solutions during the 2nd quarter valued at about $937,000. Nationwide Fund Advisors raised its position in shares of Asante Solutions by 273.1% during the 2nd quarter. Nationwide Fund Advisors now owns 94,382 shares of the company’s stock valued at $1,318,000 after buying an additional 69,082 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of Asante Solutions during the 2nd quarter valued at about $376,000.
In other Asante Solutions news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $15.07, for a total transaction of $207,966,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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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