The President of NxStage Medical is Exercising Options

Today, the President of NxStage Medical, Joseph Turk, exercised options of NxStage Medical (NASDAQ: NXTM) for $100.2K. The options were close to expired and Joseph Turk retained stocks.

This recent transaction increases Joseph Turk’s holding in the company by 6.66% to a total of $2.29 million. In addition to Joseph Turk, 3 other NXTM executives reported Buy trades in the last month.

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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 276.8K. The Company has a Price to Book ratio of 7.9436.

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 -12.1% downside.

The insider sentiment on NxStage Medical has been positive according to 39 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.