NxStage Medical (NXTM) Stock Rating Upgraded by ValuEngine
NxStage Medical (NASDAQ:NXTM) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.
A number of other analysts have also recently weighed in on the company. BidaskClub cut NxStage Medical from a “buy” rating to a “hold” rating in a research report on Friday, July 20th. Zacks Investment Research cut NxStage Medical from a “hold” rating to a “sell” rating in a research report on Saturday, August 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.00.
Shares of NASDAQ NXTM opened at $27.99 on Friday. The firm has a market capitalization of $1.83 billion, a P/E ratio of -127.23 and a beta of -0.06. NxStage Medical has a one year low of $22.70 and a one year high of $28.75.
Large investors have recently made changes to their positions in the business. NumerixS Investment Technologies Inc bought a new stake in NxStage Medical in the second quarter valued at $122,000. Steward Partners Investment Advisory LLC grew its holdings in shares of NxStage Medical by 714.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 5,700 shares of the medical device company’s stock worth $159,000 after purchasing an additional 5,000 shares during the last quarter. Keybank National Association OH bought a new stake in shares of NxStage Medical during the second quarter worth $212,000. Quantitative Systematic Strategies LLC bought a new stake in shares of NxStage Medical during the second quarter worth $216,000. Finally, Janus Henderson Group PLC bought a new stake in shares of NxStage Medical during the second quarter worth $234,000. Hedge funds and other institutional investors own 83.12% of the company’s stock.
NxStage Medical Company Profile
NxStage Medical, Inc, a medical technology company, develops, manufactures, and markets products and services for patients suffering from chronic or acute kidney failure. Its primary product includes the System One, a portable hemodialysis system, which is used primarily for home hemodialysis and a range of dialysis therapies to deliver in the home setting.
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