NxStage (NXTM) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of NxStage (NASDAQ:NXTM) from a sell rating to a hold rating in a research note published on Monday morning.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of NxStage from a sell rating to a hold rating in a research note on Wednesday, January 3rd. BidaskClub upgraded shares of NxStage from a strong sell rating to a sell rating in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. NxStage currently has an average rating of Hold and a consensus target price of $30.25.

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Shares of NASDAQ:NXTM opened at $25.82 on Monday. NxStage has a 12 month low of $20.45 and a 12 month high of $30.80. The firm has a market cap of $1,701.79, a P/E ratio of -371.14 and a beta of -0.01.

In related news, SVP Winifred L. Swan sold 3,500 shares of NxStage stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $24.48, for a total transaction of $85,680.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 4.70% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in NXTM. Cowen Inc. acquired a new position in NxStage in the third quarter valued at $1,908,000. Bank of Montreal Can increased its stake in NxStage by 15.5% in the fourth quarter. Bank of Montreal Can now owns 572,868 shares of the medical device company’s stock valued at $13,880,000 after purchasing an additional 77,082 shares during the period. K2 Principal Fund L.P. acquired a new position in NxStage in the fourth quarter valued at $4,921,000. FNY Partners Fund LP acquired a new position in NxStage in the fourth quarter valued at $300,000. Finally, Dumac Inc. increased its stake in NxStage by 65.0% in the fourth quarter. Dumac Inc. now owns 50,000 shares of the medical device company’s stock valued at $1,212,000 after purchasing an additional 19,700 shares during the period. Hedge funds and other institutional investors own 84.14% of the company’s stock.

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About NxStage

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for NxStage (NASDAQ:NXTM)

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