Asante Solutions (NASDAQ:PUMP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday.

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PUMP has been the topic of a number of other research reports. Jefferies Financial Group restated a “buy” rating and issued a $20.00 target price on shares of Asante Solutions in a research note on Friday, August 10th. Cowen assumed coverage on Asante Solutions in a research note on Saturday, October 13th. They issued a “hold” rating and a $18.00 target price on the stock. Stifel Nicolaus assumed coverage on Asante Solutions in a research note on Monday, September 10th. They issued a “buy” rating and a $18.00 target price on the stock. Capital One Financial restated an “overweight” rating on shares of Asante Solutions in a research note on Wednesday, August 8th. Finally, Wolfe Research assumed coverage on Asante Solutions in a research note on Wednesday, October 10th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.75.

Shares of NASDAQ PUMP traded up $0.03 during midday trading on Wednesday, reaching $17.58. The company’s stock had a trading volume of 31,661 shares, compared to its average volume of 1,747,422. Asante Solutions has a 12-month low of $13.26 and a 12-month high of $22.88.

Asante Solutions (NASDAQ:PUMP) last announced its earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The firm had revenue of $459.89 million during the quarter, compared to analysts’ expectations of $422.64 million.

In related news, Director Spencer D. Armour III sold 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $17.14, for a total value of $385,650.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

A number of institutional investors have recently bought and sold shares of PUMP. First Hawaiian Bank purchased a new stake in shares of Asante Solutions during the third quarter worth $268,000. United Services Automobile Association lifted its position in shares of Asante Solutions by 76.0% during the second quarter. United Services Automobile Association now owns 525,974 shares of the company’s stock worth $8,247,000 after acquiring an additional 227,096 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Asante Solutions by 231.7% during the second quarter. Bank of New York Mellon Corp now owns 972,237 shares of the company’s stock worth $15,245,000 after acquiring an additional 679,172 shares in the last quarter. Granahan Investment Management Inc. MA lifted its position in shares of Asante Solutions by 77.0% during the second quarter. Granahan Investment Management Inc. MA now owns 515,950 shares of the company’s stock worth $8,090,000 after acquiring an additional 224,469 shares in the last quarter. Finally, Putnam Investments LLC purchased a new stake in shares of Asante Solutions during the second quarter worth $506,000.

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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