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.
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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.
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