Asante Solutions (NASDAQ:PUMP) Stock Price Up 4.5%

Asante Solutions Inc (NASDAQ:PUMP) shares rose 4.5% during mid-day trading on Wednesday . The stock traded as high as $2.35 and last traded at $2.31, approximately 1,111,443 shares were traded during trading. A decline of 46% from the average daily volume of 2,077,030 shares. The stock had previously closed at $2.21.

PUMP has been the subject of several analyst reports. B. Riley downgraded shares of Asante Solutions from a “buy” rating to a “neutral” rating and reduced their price target for the company from $15.00 to $7.25 in a report on Tuesday, March 17th. Piper Sandler downgraded shares of Asante Solutions from an “overweight” rating to a “neutral” rating and set a $5.25 price target for the company. in a report on Friday, March 13th. Bank of America downgraded shares of Asante Solutions from a “neutral” rating to an “underperform” rating in a report on Monday, March 9th. Wolfe Research downgraded shares of Asante Solutions from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. Finally, Tudor Pickering downgraded shares of Asante Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, March 11th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.32.

The firm’s fifty day moving average is $6.95 and its two-hundred day moving average is $8.89.

A number of hedge funds have recently bought and sold shares of PUMP. California State Teachers Retirement System lifted its holdings in Asante Solutions by 1.2% in the third quarter. California State Teachers Retirement System now owns 124,547 shares of the company’s stock worth $1,132,000 after purchasing an additional 1,488 shares during the period. Granahan Investment Management Inc. MA lifted its holdings in Asante Solutions by 3.4% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 433,119 shares of the company’s stock valued at $3,937,000 after acquiring an additional 14,318 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in Asante Solutions by 11.7% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 26,387 shares of the company’s stock valued at $240,000 after acquiring an additional 2,772 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Asante Solutions in the 3rd quarter valued at about $216,000. Finally, Viking Fund Management LLC lifted its holdings in Asante Solutions by 25.0% in the 4th quarter. Viking Fund Management LLC now owns 100,000 shares of the company’s stock valued at $1,125,000 after acquiring an additional 20,000 shares during the last quarter.

Asante Solutions Company Profile (NASDAQ:PUMP)

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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