Insider Selling: NxStage Medical President Sells 1,500 Shares of Stock (NXTM)
NxStage Medical (NASDAQ:NXTM) President Joseph E. Turk, Jr. unloaded 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $14.00, for a total transaction of $21,000.00. Following the sale, the president now directly owns 127,947 shares of the company’s stock, valued at approximately $1,791,258. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of NxStage Medical in a research note on Friday, May 9th. They now have a $19.00 price target on the stock, down previously from $21.00. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $16.83.
NxStage Medical (NASDAQ:NXTM) traded up 0.14% during mid-day trading on Wednesday, hitting $14.01. The stock had a trading volume of 371,608 shares. NxStage Medical has a 1-year low of $8.77 and a 1-year high of $15.00. The stock has a 50-day moving average of $13.07 and a 200-day moving average of $12.47. The company’s market cap is $860.4 million.
NxStage Medical (NASDAQ:NXTM) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.11) by $0.02. The company had revenue of $72.20 million for the quarter, compared to the consensus estimate of $69.44 million. During the same quarter last year, the company posted ($0.08) earnings per share. NxStage Medical’s revenue was up 17.2% compared to the same quarter last year. Analysts expect that NxStage Medical will post $-0.40 EPS for the current fiscal year.
NxStage Medical, Inc (NASDAQ:NXTM) is a medical device company that develops, manufactures and markets products for the treatment of kidney failure, fluid overload and related blood treatments and procedures.
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