Tactile Systems Technology Inc (NASDAQ:TCMD) shares rose 5.7% during trading on Tuesday . The company traded as high as $19.29 and last traded at $19.01, with a volume of 65,981 shares trading hands. The stock had previously closed at $17.98.

TCMD has been the subject of a number of analyst reports. Piper Jaffray Cos. initiated coverage on Tactile Systems Technology in a research note on Monday, August 22nd. They issued an “overweight” rating and a $17.00 price target for the company. BTIG Research initiated coverage on Tactile Systems Technology in a research note on Monday, August 22nd. They issued a “buy” rating and a $18.00 price target for the company. William Blair initiated coverage on Tactile Systems Technology in a research note on Monday, August 22nd. They issued an “outperform” rating for the company. Finally, Canaccord Genuity initiated coverage on Tactile Systems Technology in a research note on Thursday, August 25th. They issued a “buy” rating and a $21.00 price target for the company.

The firm has a market cap of $322.86 million and a PE ratio of 310.48. The stock’s 50-day moving average price is $14.83 and its 200-day moving average price is $14.56.

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In other Tactile Systems Technology news, Director Peter H. Soderberg acquired 100,000 shares of Tactile Systems Technology stock in a transaction on Tuesday, August 2nd. The stock was purchased at an average price of $10.00 per share, for a total transaction of $1,000,000.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $50,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Nigon acquired 18,750 shares of Tactile Systems Technology stock in a transaction on Wednesday, September 14th. The stock was acquired at an average price of $16.87 per share, with a total value of $316,312.50. Following the purchase, the director now directly owns 8,322 shares in the company, valued at $140,392.14. The disclosure for this purchase can be found here.

About Tactile Systems Technology

Tactile Systems Technology, Inc is a medical technology company. The Company develops and provides medical devices for the treatment of chronic diseases at home. The Company focuses on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.

5 Day Chart for NASDAQ:TCMD

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