Asante Solutions Inc (NASDAQ:PUMP) – Stock analysts at Capital One Financial dropped their Q1 2019 earnings per share (EPS) estimates for Asante Solutions in a research report issued on Wednesday, November 7th. Capital One Financial analyst L. Lemoine now anticipates that the company will post earnings per share of $0.43 for the quarter, down from their prior estimate of $0.53. Capital One Financial has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Asante Solutions’ Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.59 EPS and FY2020 earnings at $2.35 EPS.
Several other analysts also recently commented on the stock. Raymond James upped their price objective on shares of Asante Solutions from $24.00 to $25.00 and gave the company a “strong-buy” rating in a report on Thursday. Stephens upped their price objective on shares of Asante Solutions to $25.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada set a $22.00 price objective on shares of Asante Solutions and gave the company a “buy” rating in a report on Thursday. Bank of America began coverage on shares of Asante Solutions in a research note on Wednesday, October 17th. They issued a “buy” rating for the company. Finally, Zacks Investment Research cut shares of Asante Solutions from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $22.31.
Asante Solutions (NASDAQ:PUMP) last released its quarterly earnings data on Tuesday, November 6th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $434.00 million for the quarter, compared to analyst estimates of $447.84 million. Asante Solutions’s revenue was up 53.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Riverhead Capital Management LLC acquired a new position in shares of Asante Solutions in the 2nd quarter valued at $152,000. Everence Capital Management Inc. acquired a new position in Asante Solutions during the second quarter worth $170,000. Amalgamated Bank acquired a new position in Asante Solutions during the second quarter worth $179,000. Dorsey & Whitney Trust CO LLC acquired a new position in Asante Solutions during the third quarter worth $189,000. Finally, Flinton Capital Management LLC raised its position in Asante Solutions by 423.7% during the second quarter. Flinton Capital Management LLC now owns 14,496 shares of the company’s stock worth $227,000 after acquiring an additional 11,728 shares during the period.
In related news, Director Spencer D. Armour III sold 22,500 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $17.14, for a total value of $385,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
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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