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NASDAQ:PUMP - Asante Solutions Stock Price, Forecast & News

+0.62 (+7.03 %)
(As of 12/6/2019 04:00 PM ET)
Today's Range
Now: $9.44
50-Day Range
MA: $8.27
52-Week Range
Now: $9.44
Volume1.95 million shs
Average Volume1.66 million shs
Market Capitalization$947.96 million
P/E RatioN/A
Dividend YieldN/A
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. Read More…

Industry, Sector and Symbol

Industry N/A
Current SymbolNASDAQ:PUMP



Sales & Book Value

Annual SalesN/A



Market Cap$947.96 million
Next Earnings Date2/25/2020 (Estimated)

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Asante Solutions (NASDAQ:PUMP) Frequently Asked Questions

What is Asante Solutions' stock symbol?

Asante Solutions trades on the NASDAQ under the ticker symbol "PUMP."

How were Asante Solutions' earnings last quarter?

Asante Solutions Inc (NASDAQ:PUMP) issued its quarterly earnings results on Wednesday, November, 13th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.48 by $0.15. The business had revenue of $541.85 million for the quarter, compared to the consensus estimate of $509.17 million. Asante Solutions's revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. View Asante Solutions' Earnings History.

When is Asante Solutions' next earnings date?

Asante Solutions is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Asante Solutions.

What price target have analysts set for PUMP?

17 Wall Street analysts have issued twelve-month price objectives for Asante Solutions' shares. Their forecasts range from $9.00 to $26.00. On average, they anticipate Asante Solutions' stock price to reach $14.83 in the next year. This suggests a possible upside of 57.1% from the stock's current price. View Analyst Price Targets for Asante Solutions.

What is the consensus analysts' recommendation for Asante Solutions?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asante Solutions in the last year. There are currently 6 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Asante Solutions.

What are Wall Street analysts saying about Asante Solutions stock?

Here are some recent quotes from research analysts about Asante Solutions stock:
  • 1. Evercore ISI analysts commented, "We believe PUMP’s 2Q19 earnings release has negative implications for the shares. While the reaction to the delayed 10-Q filing and earnings call will likely be a negative one, the board has taken steps to address its disclosure controls and expense reimbursement procedures. We go through the details of the audit committee’s review below. As for the preliminary Q2 results that PUMP released, total revenue of $529.5 million fell 3% sequentially but was ahead of consensus estimate of $526 million. Effective utilization for the frac assets in the second quarter was 25.6 fleets, essentially in- line with our estimate. The company expects utilization to decline to approximately 25 fleets in the third quarter due to a decrease in customer activity." (8/11/2019)
  • 2. According to Zacks Investment Research, "ProPetro Holding focuses on growth through a combination of acquisitions and pressure pumping services in the lucrative Permian Basin spread over west Texas and New Mexico. The company’s recent purchase of Pioneer Natural resources assets has significantly boosted its fleet size. The deal's 10-year dedicated service agreement should ensure a stable revenue base in the medium-to-long term. ProPetro is also set to benefit from increased usage of cheap local sand, industry-leading utilization levels and strong client relationships. However, the firm continues to be exposed to the soft pressure pumping pricing in the Permian basin, which constitutes bulk of ProPetro's revenues. The tightness in the upstream companies' investment budget due to low year-end crude prices is an issue as well. Considering these factors, upside from current levels appear limited." (5/15/2019)

Has Asante Solutions been receiving favorable news coverage?

News coverage about PUMP stock has trended extremely negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Asante Solutions earned a coverage optimism score of -4.2 on InfoTrie's scale. They also gave media stories about the company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the near term. View News Stories for Asante Solutions.

What other stocks do shareholders of Asante Solutions own?

Who are Asante Solutions' key executives?

Asante Solutions' management team includes the folowing people:
  • Richard P. Thompson, Independent Chairman of the Board (Age 61)
  • David S. Thrower, President, Chief Executive Officer, Director (Age 51)
  • Sandra A. Gardiner, Chief Financial Officer (Age 49)
  • Eric Steuben, Vice President - Operations (Age 47)
  • Joe Breeland, Vice President - Sales (Age 62)
  • Kenneth El-Sherif, Vice President – Commercialization (Age 41)
  • Ed Sinclair, Vice President - Regulatory & Quality Affairs (Age 58)
  • Wenkang Qi Ph.D, Vice President - Research & Development (Age 48)
  • Peter Tuxen Bisgaard, Independent Director (Age 42)
  • Casper Breum, Independent Director (Age 48)

When did Asante Solutions IPO?

(PUMP) raised $350 million in an initial public offering on Friday, March 17th 2017. The company issued 20,000,000 shares at a price of $16.00-$19.00 per share. Goldman Sachs, Barclays, Credit Suisse and J.P. Morgan acted as the underwriters for the IPO and Evercore ISI, RBC Capital Markets, Simmons & Company (Energy Specialists of Piper Jaffray), Raymond James, Deutsche Bank Securities, Tudor, Pickering, Holt and Johnson Rice & Company L.L.C. Jonnson Rice & Company were co-managers.

Who are Asante Solutions' major shareholders?

Asante Solutions' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Granahan Investment Management Inc. MA (0.43%), California State Teachers Retirement System (0.12%), Bowling Portfolio Management LLC (0.08%), Viking Fund Management LLC (0.08%), Comerica Bank (0.08%) and Nikko Asset Management Americas Inc. (0.08%). Company insiders that own Asante Solutions stock include Pryor Blackwell and Spencer D Armour III. View Institutional Ownership Trends for Asante Solutions.

Which institutional investors are selling Asante Solutions stock?

PUMP stock was sold by a variety of institutional investors in the last quarter, including Public Employees Retirement System of Ohio, Viking Fund Management LLC, Russell Investments Group Ltd., Municipal Employees Retirement System of Michigan, Meeder Asset Management Inc., New York State Teachers Retirement System and IHT Wealth Management LLC. View Insider Buying and Selling for Asante Solutions.

Which institutional investors are buying Asante Solutions stock?

PUMP stock was bought by a variety of institutional investors in the last quarter, including Bowling Portfolio Management LLC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc., Granahan Investment Management Inc. MA, First Quadrant L P CA, Dupont Capital Management Corp, Comerica Bank and Metropolitan Life Insurance Co NY. View Insider Buying and Selling for Asante Solutions.

How do I buy shares of Asante Solutions?

Shares of PUMP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Asante Solutions' stock price today?

One share of PUMP stock can currently be purchased for approximately $9.44.

How big of a company is Asante Solutions?

Asante Solutions has a market capitalization of $947.96 million. View Additional Information About Asante Solutions.

How can I contact Asante Solutions?

Asante Solutions' mailing address is 352 E Java Dr, SUNNYVALE, CA 94089-1328, United States. The company can be reached via phone at +1-408-7165600.

MarketBeat Community Rating for Asante Solutions (NASDAQ PUMP)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  272 (Vote Outperform)
Underperform Votes:  184 (Vote Underperform)
Total Votes:  456
MarketBeat's community ratings are surveys of what our community members think about Asante Solutions and other stocks. Vote "Outperform" if you believe PUMP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PUMP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/7/2019 by MarketBeat.com Staff

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