Today, a Director at NxStage Medical, Perper Reid , exercised options of NxStage Medical (NASDAQ: NXTM) for $247.5K. The options were close to expired and Perper Reid retained stocks.
Following Perper Reid’s last NXTM Buy transaction on December 13, 2013, the stock climbed by 16.3%. This recent transaction increases Perper Reid’s holding in the company by 14.26% to a total of $3.82 million.
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Based on NxStage Medical’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $107 million and GAAP net loss of $1.46 million. In comparison, last year the company earned revenue of $96.83 million and had a GAAP net loss of $1.19 million. Currently, NxStage Medical has an average volume of 130.6K. The Company has a Price to Book ratio of 7.8685.
Nine different firms, including BTIG and Canaccord Genuity, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $30.00, reflecting a -12.4% downside.
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NxStage Medical, Inc. is a medical technology company, which develops, manufactures, and markets products for the treatment of ESRD and acute kidney failure. It operates through the following business segments: System One, In-Center, and Services.
