Shares of Asante Solutions Inc (NASDAQ:PUMP) have been assigned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $20.83.
A number of equities research analysts have issued reports on the company. Stephens assumed coverage on Asante Solutions in a research note on Tuesday, January 9th. They issued an “overweight” rating and a $24.00 price target for the company. Zacks Investment Research lowered shares of Asante Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. Royal Bank of Canada set a $24.00 target price on shares of Asante Solutions and gave the stock a “buy” rating in a research report on Thursday, December 21st. Cowen started coverage on shares of Asante Solutions in a research report on Wednesday, February 7th. They set a “market perform” rating and a $17.00 target price on the stock. Finally, SunTrust Banks started coverage on shares of Asante Solutions in a report on Wednesday, December 20th. They set a “buy” rating and a $27.00 price objective on the stock.
Several hedge funds and other institutional investors have recently modified their holdings of PUMP. Exane Derivatives bought a new position in shares of Asante Solutions during the 4th quarter worth approximately $108,000. Quantitative Systematic Strategies LLC bought a new stake in Asante Solutions in the 4th quarter valued at $329,000. New York State Common Retirement Fund bought a new stake in Asante Solutions in the 2nd quarter valued at $376,000. Metropolitan Life Insurance Co. NY bought a new stake in Asante Solutions in the 4th quarter valued at $378,000. Finally, MetLife Investment Advisors LLC bought a new stake in Asante Solutions in the 4th quarter valued at $551,000.
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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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