NxStage Medical, Inc. (NXTM) Receives $30.00 Consensus PT from Analysts
NxStage Medical, Inc. (NASDAQ:NXTM) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.00.
A number of brokerages have issued reports on NXTM. Leerink Swann lowered NxStage Medical from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $28.00 to $30.00 in a research note on Tuesday, August 22nd. Zacks Investment Research lowered NxStage Medical from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Canaccord Genuity reiterated a “hold” rating and issued a $30.00 price target on shares of NxStage Medical in a research note on Tuesday, October 17th. Finally, Northland Securities reiterated a “hold” rating and issued a $30.00 price target on shares of NxStage Medical in a research note on Wednesday, November 8th.
In other news, President Joseph E. Turk, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $27.56, for a total transaction of $27,560.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Winifred L. Swan sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $25.73, for a total value of $90,055.00. The disclosure for this sale can be found here. Insiders sold a total of 12,300 shares of company stock valued at $331,126 in the last quarter. 4.70% of the stock is currently owned by company insiders.
Shares of NxStage Medical (NASDAQ NXTM) traded up $0.17 during trading on Friday, reaching $26.06. The company had a trading volume of 590,144 shares, compared to its average volume of 799,763. NxStage Medical has a one year low of $20.45 and a one year high of $30.80.
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NxStage Medical Company Profile
NxStage Medical, Inc is a medical technology company. The Company develops, manufactures and markets products and services for patients suffering from chronic or acute kidney failure. It operates through three segments. The System One segment includes revenues from the sale and rental of the System One and PureFlow SL dialysate preparation equipment and the sale of disposable products in the home and critical care markets.
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