Zacks: Brokerages Set $19.00 Target Price for Tactile Systems Technology Inc (NASDAQ:TCMD)
Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus target price of $19.00 for the company and are predicting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also given Tactile Systems Technology an industry rank of 108 out of 265 based on the ratings given to its competitors.
Several brokerages have recently weighed in on TCMD. William Blair began coverage on shares of Tactile Systems Technology in a research note on Monday, August 22nd. They set an “outperform” rating for the company. Piper Jaffray Cos. began coverage on shares of Tactile Systems Technology in a research note on Monday, August 22nd. They set an “overweight” rating and a $17.00 price target for the company. Canaccord Genuity began coverage on shares of Tactile Systems Technology in a research note on Thursday, August 25th. They set a “buy” rating and a $21.00 price target for the company. Finally, BTIG Research began coverage on shares of Tactile Systems Technology in a research note on Monday, August 22nd. They set a “buy” rating and a $18.00 price target for the company.
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Tactile Systems Technology (NASDAQ:TCMD) traded up 1.7247% during trading on Tuesday, reaching $18.2901. 49,551 shares of the company traded hands. The company’s 50-day moving average is $14.62 and its 200 day moving average is $14.44. Tactile Systems Technology has a 12 month low of $10.00 and a 12 month high of $21.20. The company has a market cap of $306.76 million and a PE ratio of 295.0016.
In other Tactile Systems Technology news, Director Richard Nigon purchased 18,750 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was bought at an average cost of $16.87 per share, with a total value of $316,312.50. Following the purchase, the director now directly owns 8,322 shares of the company’s stock, valued at $140,392.14. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter H. Soderberg purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were acquired at an average cost of $10.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $50,000. The disclosure for this purchase can be found here.
Tactile Systems Technology Company Profile
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.
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