Asante Solutions Inc (PUMP) Director Spencer D. Armour III Sells 22,500 Shares of Stock
Asante Solutions Inc (NASDAQ:PUMP) Director Spencer D. Armour III sold 22,500 shares of the stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $19.17, for a total transaction of $431,325.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ PUMP opened at $18.73 on Wednesday. Asante Solutions Inc has a 52-week low of $14.00 and a 52-week high of $22.88.
Asante Solutions (NASDAQ:PUMP) last issued its earnings results on Tuesday, November 6th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $434.00 million for the quarter, compared to analysts’ expectations of $447.84 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was up 53.5% compared to the same quarter last year.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Asante Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens increased their price target on shares of Asante Solutions to $25.00 and gave the stock an “overweight” rating in a research report on Thursday, November 8th. Royal Bank of Canada set a $22.00 price target on shares of Asante Solutions and gave the stock a “buy” rating in a research report on Thursday, November 8th. Citigroup assumed coverage on shares of Asante Solutions in a research report on Monday. They set a “buy” rating and a $25.00 price target on the stock. Finally, Raymond James increased their price target on shares of Asante Solutions from $24.00 to $25.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 8th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $22.40.
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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.
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