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

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PUMP has been the subject of several other reports. Piper Jaffray Companies restated a “buy” rating and issued a $14.00 price objective on shares of Asante Solutions in a research note on Tuesday, September 19th. Capital One Financial Corporation restated an “overweight” rating on shares of Asante Solutions in a research note on Thursday, July 27th. R. F. Lafferty initiated coverage on Asante Solutions in a research note on Wednesday, July 12th. They issued a “buy” rating and a $32.00 price objective for the company. BidaskClub upgraded Asante Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Jefferies Group LLC assumed coverage on Asante Solutions in a research report on Thursday, October 5th. They set a “buy” rating and a $18.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $18.64.

Shares of Asante Solutions (NASDAQ:PUMP) opened at 14.76 on Wednesday. The stock’s market cap is $1.23 billion. Asante Solutions has a 52-week low of $10.84 and a 52-week high of $15.30. The stock’s 50 day moving average is $12.67 and its 200 day moving average is $13.07.

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

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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Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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