Somewhat Positive Media Coverage Somewhat Unlikely to Impact Asante Solutions (PUMP) Share Price

Headlines about Asante Solutions (NASDAQ:PUMP) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Asante Solutions earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.7409542015027 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern’s rankings:

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A number of research firms have weighed in on PUMP. Piper Jaffray set a $19.00 target price on Asante Solutions and gave the stock a “buy” rating in a report on Wednesday, March 28th. Royal Bank of Canada set a $20.00 target price on Asante Solutions and gave the stock a “buy” rating in a report on Wednesday, March 28th. Jefferies Group set a $21.00 target price on Asante Solutions and gave the stock a “buy” rating in a report on Tuesday, March 27th. Zacks Investment Research downgraded Asante Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, Cowen began coverage on Asante Solutions in a research note on Wednesday, February 7th. They issued a “market perform” rating and a $17.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Asante Solutions presently has a consensus rating of “Buy” and a consensus price target of $22.10.

Shares of Asante Solutions stock traded down $0.38 during midday trading on Friday, hitting $18.47. The company had a trading volume of 484,155 shares, compared to its average volume of 1,726,769. Asante Solutions has a 52-week low of $10.84 and a 52-week high of $22.88.

Asante Solutions (NASDAQ:PUMP) last posted its quarterly earnings results on Monday, March 26th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.25). The company had revenue of $313.70 million during the quarter, compared to the consensus estimate of $313.34 million. The company’s quarterly revenue was up 11.0% on a year-over-year basis.

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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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