A number of other equities analysts also recently commented on PUMP. Jefferies Financial Group reaffirmed a buy rating and issued a $21.00 price objective on shares of Asante Solutions in a report on Friday, July 13th. Royal Bank of Canada reaffirmed a buy rating and issued a $19.00 price objective on shares of Asante Solutions in a report on Thursday, August 9th. Capital One Financial reaffirmed an overweight rating on shares of Asante Solutions in a report on Wednesday, August 8th. Finally, SunTrust Banks set a $24.00 price objective on shares of Asante Solutions and gave the stock a buy rating in a report on Thursday, August 30th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Asante Solutions has a consensus rating of Buy and an average price target of $21.42.
Asante Solutions stock traded down $0.03 during mid-day trading on Wednesday, reaching $17.30. The company’s stock had a trading volume of 1,635,918 shares, compared to its average volume of 1,761,060. Asante Solutions has a twelve month low of $13.26 and a twelve month high of $22.88.
Asante Solutions (NASDAQ:PUMP) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The business had revenue of $459.89 million for the quarter, compared to analysts’ expectations of $422.64 million.
In other news, Director Spencer D. Armour III sold 22,500 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $17.14, for a total transaction of $385,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Argent Capital Management LLC boosted its holdings in shares of Asante Solutions by 1.9% during the second quarter. Argent Capital Management LLC now owns 175,680 shares of the company’s stock valued at $2,755,000 after acquiring an additional 3,300 shares during the period. Metropolitan Life Insurance Co. NY lifted its holdings in Asante Solutions by 23.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 23,615 shares of the company’s stock worth $370,000 after purchasing an additional 4,426 shares during the period. Hancock Holding Co. lifted its holdings in Asante Solutions by 1.2% in the first quarter. Hancock Holding Co. now owns 520,980 shares of the company’s stock worth $8,279,000 after purchasing an additional 6,005 shares during the period. MetLife Investment Advisors LLC lifted its holdings in Asante Solutions by 22.4% in the second quarter. MetLife Investment Advisors LLC now owns 33,439 shares of the company’s stock worth $524,000 after purchasing an additional 6,110 shares during the period. Finally, Riverhead Capital Management LLC acquired a new stake in Asante Solutions in the second quarter worth about $152,000.
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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