Brokerages Set $22.00 Price Target for Tactile Systems Technology Inc (NASDAQ:TCMD)
Tactile Systems Technology Inc (NASDAQ:TCMD) has received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price objective of $22.00 for the company and are expecting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned Tactile Systems Technology an industry rank of 161 out of 265 based on the ratings given to its competitors.
Several equities research analysts have commented on TCMD shares. Canaccord Genuity started coverage on Tactile Systems Technology in a research note on Thursday, August 25th. They set a “buy” rating and a $21.00 price objective for the company. BTIG Research started coverage on Tactile Systems Technology in a research note on Monday, August 22nd. They set a “buy” rating and a $18.00 price objective for the company. William Blair initiated coverage on Tactile Systems Technology in a research note on Monday, August 22nd. They set an “outperform” rating for the company. Finally, Piper Jaffray Cos. initiated coverage on Tactile Systems Technology in a research report on Monday, August 22nd. They issued an “overweight” rating and a $17.00 price target for the company.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/brokerages-set-22-00-price-target-for-tactile-systems-technology-inc-nasdaqtcmd.html
Shares of Tactile Systems Technology (NASDAQ:TCMD) traded up 0.20% during midday trading on Monday, hitting $19.91. The company had a trading volume of 8,659 shares. The company has a market capitalization of $333.93 million and a PE ratio of 321.13. Tactile Systems Technology has a 12 month low of $10.00 and a 12 month high of $22.29. The company has a 50-day moving average of $16.79 and a 200-day moving average of $15.70.
In related news, Director Richard Nigon purchased 18,750 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was acquired at an average cost of $16.87 per share, for a total transaction of $316,312.50. Following the completion of the transaction, the director now directly owns 8,322 shares of the company’s stock, valued at $140,392.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter H. Soderberg purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average price of $10.00 per share, with a total value of $1,000,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $50,000. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tactile Systems Technology Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology Inc and related companies with MarketBeat.com's FREE daily email newsletter.