News articles about Asante Solutions (NASDAQ:PUMP) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Asante Solutions earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.454781697761 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
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Asante Solutions Inc (PUMP) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com) Zacks: Brokerages Expect Asante Solutions Inc (PUMP) Will Post Quarterly Sales of $421.13 Million (americanbankingnews.com) Analysts Expect Asante Solutions Inc (PUMP) to Post $0.54 EPS (americanbankingnews.com) FY2018 EPS Estimates for Asante Solutions Inc Increased by Piper Jaffray (PUMP) (americanbankingnews.com) Piper Jaffray Weighs in on Asante Solutions Inc’s Q2 2018 Earnings (PUMP) (americanbankingnews.com)
A number of analysts recently issued reports on PUMP shares. Piper Jaffray Companies set a $19.00 price target on Asante Solutions and gave the stock a “buy” rating in a research report on Wednesday, March 28th. Zacks Investment Research downgraded Asante Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Royal Bank of Canada set a $20.00 price target on Asante Solutions and gave the stock a “buy” rating in a research report on Wednesday, March 28th. Jefferies Group set a $21.00 price target on Asante Solutions and gave the stock a “buy” rating in a research report on Tuesday, March 27th. Finally, Cowen started coverage on Asante Solutions in a research report on Wednesday, February 7th. They issued a “market perform” rating and a $17.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Asante Solutions presently has an average rating of “Buy” and a consensus target price of $21.80.
PUMP stock traded down $0.49 during midday trading on Friday, reaching $20.00. The company’s stock had a trading volume of 2,216,487 shares, compared to its average volume of 1,860,304. Asante Solutions has a 1 year low of $10.84 and a 1 year high of $22.88.
Asante Solutions (NASDAQ:PUMP) last released its earnings results on Tuesday, May 8th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $385.20 million during the quarter, compared to analysts’ expectations of $375.75 million. During the same quarter in the previous year, the business earned ($0.43) EPS. The business’s revenue for the quarter was up 124.1% on a year-over-year basis.
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.
