Asante Solutions Inc (PUMP) Stock Rating Lowered by Zacks Investment Research

Asante Solutions Inc (NASDAQ:PUMP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “ProPetro Holding Corp. provides oilfield services. It offers hydraulic fracturing and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. ProPetro Holding Corp. is headquartered in Midland, Texas. “

Several other research analysts have also recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 price target on shares of Asante Solutions in a report on Thursday, July 20th. R. F. Lafferty started coverage on shares of Asante Solutions in a report on Wednesday, July 12th. They issued a “buy” rating and a $32.00 price target on the stock. Barclays PLC cut shares of Asante Solutions from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $18.00 to $12.00 in a report on Wednesday, July 12th. Capital One Financial Corporation reissued an “overweight” rating on shares of Asante Solutions in a report on Thursday, July 27th. Finally, Credit Suisse Group set a $15.00 price target on shares of Asante Solutions and gave the company a “buy” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Asante Solutions currently has a consensus rating of “Buy” and a consensus target price of $18.64.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Asset Management Americas Inc. bought a new position in shares of Asante Solutions during the first quarter worth approximately $13,184,000. Viking Fund Management LLC bought a new position in shares of Asante Solutions during the second quarter worth approximately $11,028,000. Mitchell Group Inc. increased its holdings in shares of Asante Solutions by 1.9% during the second quarter. Mitchell Group Inc. now owns 708,140 shares of the company’s stock worth $9,886,000 after purchasing an additional 13,260 shares during the period. State Street Corp bought a new position in shares of Asante Solutions during the second quarter worth approximately $5,033,000. Finally, Balyasny Asset Management LLC bought a new position in shares of Asante Solutions during the second quarter worth approximately $4,841,000.

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.

Analyst Recommendations for Asante Solutions (NASDAQ:PUMP)

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