Asante Solutions (NASDAQ:PUMP) has been assigned a $20.00 price target by analysts at Credit Suisse Group in a research report issued on Friday. The firm presently has a “buy” rating on the stock. Credit Suisse Group’s price target would indicate a potential upside of 9.23% from the company’s previous close.
A number of other brokerages have also recently commented on PUMP. Stephens upped their price target on Asante Solutions to $25.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada set a $22.00 price target on Asante Solutions and gave the company a “buy” rating in a research note on Thursday. Raymond James upped their price target on Asante Solutions from $24.00 to $25.00 and gave the company a “strong-buy” rating in a research note on Thursday. Zacks Investment Research cut Asante Solutions from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 17th. Finally, Stifel Nicolaus set a $23.00 price target on Asante Solutions and gave the company a “buy” rating in a research note on Wednesday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.23.
Shares of PUMP stock traded down $0.30 on Friday, reaching $18.31. The company had a trading volume of 75,236 shares, compared to its average volume of 1,718,590. Asante Solutions has a 12 month low of $14.00 and a 12 month high of $22.88.
In related news, Director Spencer D. Armour III sold 22,500 shares of the stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $17.14, for a total transaction of $385,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Argent Capital Management LLC increased its stake in Asante Solutions by 1.9% during the 2nd quarter. Argent Capital Management LLC now owns 175,680 shares of the company’s stock worth $2,755,000 after purchasing an additional 3,300 shares in the last quarter. Flinton Capital Management LLC boosted its position in Asante Solutions by 423.7% during the 2nd 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 last quarter. Putnam Investments LLC acquired a new position in Asante Solutions during the 2nd quarter worth approximately $506,000. First Hawaiian Bank acquired a new position in Asante Solutions during the 3rd quarter worth approximately $268,000. Finally, Mutual of America Capital Management LLC boosted its position in Asante Solutions by 119.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 217,577 shares of the company’s stock worth $3,412,000 after acquiring an additional 118,618 shares during the last quarter.
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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