Credit Suisse Group Reiterates “$15.00” Price Target for Asante Solutions Inc (NASDAQ:PUMP)
Asante Solutions Inc (NASDAQ:PUMP) has been given a $15.00 target price by research analysts at Credit Suisse Group in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group’s target price indicates a potential upside of 25.21% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada set a $21.00 target price on Asante Solutions and gave the stock a “buy” rating in a report on Friday, June 16th. Evercore ISI reissued a “buy” rating on shares of Asante Solutions in a report on Sunday, May 14th. Instinet reaffirmed a “buy” rating and issued a $19.00 price target on shares of Asante Solutions in a report on Wednesday, April 19th. Nomura assumed coverage on Asante Solutions in a report on Wednesday, April 19th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Tudor Pickering assumed coverage on Asante Solutions in a report on Monday, April 17th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $18.70.
Asante Solutions (NASDAQ PUMP) traded down 0.292% during trading on Friday, reaching $11.945. The company had a trading volume of 576,636 shares. The firm’s market capitalization is $991.90 million. Asante Solutions has a 52-week low of $11.63 and a 52-week high of $15.30. The company has a 50-day moving average of $13.25 and a 200-day moving average of $13.38.
Asante Solutions (NASDAQ:PUMP) last announced its earnings results on Wednesday, May 10th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.38. The company had revenue of $171.90 million during the quarter, compared to analysts’ expectations of $169.68 million. The company’s revenue was up 95.6% on a year-over-year basis. Analysts expect that Asante Solutions will post $0.27 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio bought a new position in Asante Solutions during the second quarter valued at about $103,000. Mitchell Group Inc. boosted its position in Asante Solutions by 1.9% in 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 in the last quarter. Tudor Investment Corp ET AL bought a new position in Asante Solutions during the first quarter valued at about $322,000. Nationwide Fund Advisors bought a new position in Asante Solutions during the first quarter valued at about $326,000. Finally, New York State Common Retirement Fund bought a new position in Asante Solutions during the second quarter valued at about $376,000.
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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