Equities research analysts at SunTrust Banks initiated coverage on shares of Asante Solutions (NASDAQ:PUMP) in a research note issued to investors on Wednesday, December 20th, MarketBeat reports. The firm set a “buy” rating and a $27.00 price target on the stock. SunTrust Banks also issued estimates for Asante Solutions’ Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.52 EPS, FY2018 earnings at $1.79 EPS, Q1 2019 earnings at $0.54 EPS, Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.66 EPS and FY2019 earnings at $2.50 EPS.
Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Asante Solutions from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Friday, November 10th. Royal Bank of Canada set a $20.00 price target on shares of Asante Solutions and gave the stock a “buy” rating in a research note on Sunday, October 22nd. Jefferies Group initiated coverage on shares of Asante Solutions in a research note on Thursday, October 5th. They issued a “buy” rating and a $18.00 price target for the company. BidaskClub raised shares of Asante Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 price target on shares of Asante Solutions in a research note on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.07.
Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $282.70 million for the quarter, compared to the consensus estimate of $261.69 million. The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year.
In other Asante Solutions news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were 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 available at this link.
Several large investors have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Asante Solutions during the second quarter valued at approximately $103,000. Mitchell Group Inc. grew its holdings in shares of Asante Solutions by 1.9% during the second quarter. Mitchell Group Inc. now owns 708,140 shares of the company’s stock valued at $9,886,000 after buying an additional 13,260 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Asante Solutions during the second quarter valued at approximately $376,000. California State Teachers Retirement System purchased a new stake in shares of Asante Solutions during the second quarter valued at approximately $625,000. Finally, Teachers Advisors LLC purchased a new stake in Asante Solutions in the second quarter worth approximately $637,000.
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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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