Asante Solutions (PUMP) Coverage Initiated at SunTrust Banks

SunTrust Banks initiated coverage on shares of Asante Solutions (NASDAQ:PUMP) in a research report report published on Wednesday, Marketbeat reports. The firm issued 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.

A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada set a $20.00 target price on shares of Asante Solutions and gave the company a buy rating in a research note on Sunday, October 22nd. Barclays restated a hold rating and set a $18.00 target price on shares of Asante Solutions in a research note on Friday, November 10th. Zacks Investment Research upgraded shares of Asante Solutions from a hold rating to a buy rating and set a $19.00 target price on the stock in a research note on Friday, November 10th. BidaskClub cut shares of Asante Solutions from a buy rating to a hold rating in a research note on Thursday, October 26th. Finally, Credit Suisse Group lifted their target price on shares of Asante Solutions from $17.00 to $20.00 and gave the company an outperform rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $20.54.

Asante Solutions (NASDAQ:PUMP) last released its earnings results on Wednesday, November 1st. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $282.70 million for the quarter, compared to analysts’ expectations of $261.69 million. The business’s revenue for the quarter was up 32.4% on a year-over-year basis.

In other Asante Solutions news, major shareholder Energy Capital Partners Ii, Ll sold 13,800,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $15.07, for a total value of $207,966,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Asante Solutions in the 2nd quarter worth about $103,000. New York State Common Retirement Fund bought a new stake in shares of Asante Solutions in the 2nd quarter worth about $376,000. California State Teachers Retirement System bought a new stake in shares of Asante Solutions in the 2nd quarter worth about $625,000. Teachers Advisors LLC bought a new stake in shares of Asante Solutions in the 2nd quarter worth about $637,000. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Asante Solutions in the 2nd quarter worth about $937,000.

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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.

Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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