Bank of America Begins Coverage on Asante Solutions (PUMP)
Bank of America assumed coverage on shares of Asante Solutions (NASDAQ:PUMP) in a report released on Wednesday, MarketBeat reports. The brokerage issued a buy rating on the stock.
A number of other research analysts also recently weighed in on the company. Capital One Financial reissued an overweight rating on shares of Asante Solutions in a research note on Wednesday, August 8th. SunTrust Banks set a $24.00 price objective on Asante Solutions and gave the company a buy rating in a research note on Thursday, August 30th. Jefferies Financial Group reissued a buy rating and issued a $20.00 price objective on shares of Asante Solutions in a research note on Friday, August 10th. Royal Bank of Canada reissued a buy rating and issued a $19.00 price objective on shares of Asante Solutions in a research note on Thursday, August 9th. Finally, Stifel Nicolaus set a $23.00 price objective on Asante Solutions and gave the company a buy rating in a research note on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Asante Solutions presently has a consensus rating of Buy and a consensus price target of $21.75.
Shares of PUMP stock opened at $17.03 on Wednesday. Asante Solutions has a twelve month low of $13.26 and a twelve month high of $22.88.
In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of Asante Solutions 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 sale was disclosed in a filing with the SEC, which is available through this link.
Hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC bought a new position in Asante Solutions in the 2nd quarter worth approximately $152,000. Everence Capital Management Inc. bought a new position in Asante Solutions in the 2nd quarter worth approximately $170,000. Amalgamated Bank bought a new position in Asante Solutions in the 2nd quarter worth approximately $179,000. Flinton Capital Management LLC grew its holdings in shares of Asante Solutions by 423.7% during the 2nd quarter. Flinton Capital Management LLC now owns 14,496 shares of the company’s stock worth $227,000 after purchasing an additional 11,728 shares in the last quarter. Finally, First Hawaiian Bank acquired a new stake in shares of Asante Solutions during the 3rd quarter worth approximately $268,000.
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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