Investment analysts at Jefferies Group LLC assumed coverage on shares of Asante Solutions Inc (NASDAQ:PUMP) in a research note issued on Thursday, Marketbeat reports. The firm set a “buy” rating and a $18.00 price target on the stock. Jefferies Group LLC’s price target would indicate a potential upside of 21.38% from the stock’s current price.

Several other research analysts have also recently commented on the stock. BidaskClub upgraded shares of Asante Solutions from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 price target on shares of Asante Solutions in a report on Tuesday, September 19th. Credit Suisse Group set a $15.00 price target on shares of Asante Solutions and gave the stock a “buy” rating in a report on Friday, August 11th. Capital One Financial Corporation reiterated an “overweight” rating on shares of Asante Solutions in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Asante Solutions in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Asante Solutions presently has a consensus rating of “Buy” and a consensus target price of $18.64.

Shares of Asante Solutions (NASDAQ:PUMP) traded up 3.56% during midday trading on Thursday, reaching $14.83. 1,585,415 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $12.39 and its 200 day moving average price is $13.07. The stock’s market capitalization is $1.23 billion. Asante Solutions has a 1-year low of $10.84 and a 1-year high of $15.30.

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Several institutional investors have recently modified their holdings of PUMP. Nationwide Fund Advisors acquired a new position in shares of Asante Solutions in the 1st quarter valued at $326,000. UBS Asset Management Americas Inc. acquired a new position in shares of Asante Solutions in the 1st quarter valued at $13,184,000. Weiss Multi Strategy Advisers LLC acquired a new position in shares of Asante Solutions in the 1st quarter valued at $1,611,000. Tudor Investment Corp ET AL acquired a new position in shares of Asante Solutions in the 1st quarter valued at $322,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Asante Solutions in the 1st quarter valued at $677,000.

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.

Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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