Asante Solutions Inc (NASDAQ:PUMP) – Equities research analysts at Capital One Financial cut their Q1 2019 earnings per share (EPS) estimates for shares of Asante Solutions in a report released on Wednesday, November 7th. Capital One Financial analyst L. Lemoine now expects that the company will post earnings of $0.43 per share for the quarter, down from their previous forecast of $0.53. Capital One Financial currently has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Asante Solutions’ Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.59 EPS and FY2020 earnings at $2.35 EPS.
Several other research analysts also recently weighed in on the company. Credit Suisse Group set a $20.00 price target on Asante Solutions and gave the company a “buy” rating in a report on Friday. Barclays set a $20.00 price objective on Asante Solutions and gave the stock a “hold” rating in a report on Friday. Raymond James upped their price objective on Asante Solutions from $24.00 to $25.00 and gave the stock a “strong-buy” rating in a report on Thursday. Stephens upped their price objective on Asante Solutions to $25.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Royal Bank of Canada set a $22.00 price objective on Asante Solutions and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Asante Solutions presently has an average rating of “Buy” and an average target price of $22.23.
Shares of PUMP opened at $18.60 on Thursday. Asante Solutions has a fifty-two week low of $14.00 and a fifty-two week high of $22.88.
Asante Solutions (NASDAQ:PUMP) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The business had revenue of $434.00 million during the quarter, compared to the consensus estimate of $447.84 million. The business’s revenue was up 53.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS.
In other news, Director Spencer D. Armour III sold 22,500 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $17.14, for a total transaction of $385,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A number of institutional investors have recently made changes to their positions in PUMP. Riverhead Capital Management LLC purchased a new stake in Asante Solutions during the 2nd quarter worth $152,000. Everence Capital Management Inc. purchased a new stake in Asante Solutions during the 2nd quarter worth $170,000. Amalgamated Bank purchased a new stake in Asante Solutions during the 2nd quarter worth $179,000. Dorsey & Whitney Trust CO LLC purchased a new stake in Asante Solutions during the 3rd quarter worth $189,000. Finally, Flinton Capital Management LLC boosted its position in Asante Solutions by 423.7% in the 2nd quarter. Flinton Capital Management LLC now owns 14,496 shares of the company’s stock valued at $227,000 after buying an additional 11,728 shares during the last quarter.
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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