Asante Solutions Inc (PUMP) Receives Average Recommendation of “Buy” from Analysts

Asante Solutions Inc (NASDAQ:PUMP) has received an average rating of “Buy” from the nineteen ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.00.

A number of analysts recently weighed in on the stock. Credit Suisse Group increased their price target on shares of Asante Solutions from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Royal Bank of Canada set a $20.00 price target on shares of Asante Solutions and gave the company a “buy” rating in a research report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Asante Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub downgraded shares of Asante Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Cowen assumed coverage on shares of Asante Solutions in a research report on Wednesday. They issued a “market perform” rating and a $17.00 price target on the stock.

Asante Solutions (NASDAQ PUMP) traded up $0.07 during trading on Friday, reaching $15.48. 2,257,859 shares of the company’s stock were exchanged, compared to its average volume of 1,820,204. Asante Solutions has a 52 week low of $10.84 and a 52 week high of $22.88.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Viking Fund Management LLC increased its stake in Asante Solutions by 29.1% during the 3rd quarter. Viking Fund Management LLC now owns 1,020,000 shares of the company’s stock worth $14,637,000 after purchasing an additional 230,000 shares in the last quarter. State Street Corp bought a new stake in Asante Solutions during the 2nd quarter worth approximately $5,033,000. Bank of New York Mellon Corp bought a new stake in Asante Solutions during the 2nd quarter worth approximately $1,383,000. Nationwide Fund Advisors increased its stake in Asante Solutions by 273.1% during the 2nd quarter. Nationwide Fund Advisors now owns 94,382 shares of the company’s stock worth $1,318,000 after purchasing an additional 69,082 shares in the last quarter. Finally, TIAA CREF Investment Management LLC bought a new stake in Asante Solutions during the 2nd quarter worth approximately $937,000.

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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.

Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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