Asante Solutions (NASDAQ:PUMP) Posts Earnings Results, Beats Expectations By $0.05 EPS

Asante Solutions (NASDAQ:PUMP) issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.62 by $0.05, reports. The company had revenue of $546.20 million for the quarter, compared to analyst estimates of $519.39 million. During the same period last year, the company posted $0.42 EPS. The business’s revenue for the quarter was up 41.8% on a year-over-year basis.

Shares of NASDAQ:PUMP traded down $0.38 during trading hours on Friday, hitting $19.29. 711 shares of the company’s stock traded hands, compared to its average volume of 1,280,711. Asante Solutions has a 52 week low of $11.27 and a 52 week high of $25.38.

PUMP has been the subject of several research reports. Goldman Sachs Group initiated coverage on shares of Asante Solutions in a research note on Sunday, March 10th. They set a “buy” rating and a $28.00 price objective for the company. Bank of America reiterated a “neutral” rating on shares of Asante Solutions in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of Asante Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. B. Riley initiated coverage on shares of Asante Solutions in a research note on Friday, May 17th. They issued a “buy” rating and a $29.00 target price for the company. Finally, Royal Bank of Canada set a $24.00 price objective on shares of Asante Solutions and gave the company a “buy” rating in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $23.35.

In other Asante Solutions news, Director Spencer D. Armour III sold 22,500 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $19.24, for a total value of $432,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 67,500 shares of company stock valued at $1,435,500.

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Asante Solutions Company Profile

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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Earnings History for Asante Solutions (NASDAQ:PUMP)

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