Asante Solutions Inc (PUMP) Issues Earnings Results
Asante Solutions Inc (NASDAQ:PUMP) issued its quarterly earnings data on Wednesday. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05, Briefing.com reports. The firm had revenue of $282.70 million during the quarter, compared to analyst estimates of $261.69 million. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis.
A number of research analysts have commented on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Asante Solutions in a report on Thursday, July 20th. Credit Suisse Group set a $15.00 target price on Asante Solutions and gave the stock a “buy” rating in a report on Friday, August 11th. Barclays PLC lowered Asante Solutions from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $18.00 to $12.00 in a report on Wednesday, July 12th. Piper Jaffray Companies reissued a “buy” rating and set a $14.00 target price (down from $15.50) on shares of Asante Solutions in a report on Wednesday, July 12th. Finally, R. F. Lafferty assumed coverage on Asante Solutions in a report on Wednesday, July 12th. They set a “buy” rating and a $32.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $18.73.
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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