Tactile Systems Technology, Inc. (NASDAQ:TCMD) CFO Lynn Larson Blake sold 682 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $28.63, for a total value of $19,525.66. Following the transaction, the chief financial officer now owns 64,767 shares of the company’s stock, valued at approximately $1,854,279.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Tactile Systems Technology, Inc. (TCMD) traded up $0.29 during mid-day trading on Friday, hitting $27.32. The company’s stock had a trading volume of 243,746 shares, compared to its average volume of 200,120. The firm has a market capitalization of $476.17, a PE ratio of 300.11, a PEG ratio of 5.55 and a beta of -0.57.

Tactile Systems Technology (NASDAQ:TCMD) last issued its earnings results on Monday, August 7th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.03. Tactile Systems Technology had a return on equity of 3.05% and a net margin of 4.97%. The business had revenue of $26.30 million during the quarter, compared to analysts’ expectations of $23.88 million. During the same period in the prior year, the business earned $0.04 EPS. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. research analysts expect that Tactile Systems Technology, Inc. will post 0.24 EPS for the current year.

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Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of Tactile Systems Technology by 39.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock worth $127,000 after buying an additional 1,252 shares during the period. Bank of Montreal Can purchased a new stake in shares of Tactile Systems Technology in the 2nd quarter worth $146,000. Nationwide Fund Advisors lifted its holdings in shares of Tactile Systems Technology by 201.8% in the 2nd quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock worth $148,000 after buying an additional 3,457 shares during the period. Bank of America Corp DE lifted its holdings in shares of Tactile Systems Technology by 1,118.5% in the 1st quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock worth $133,000 after buying an additional 6,409 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Tactile Systems Technology by 10,882.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock worth $213,000 after buying an additional 7,400 shares during the period. Institutional investors and hedge funds own 45.69% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, August 10th. Piper Jaffray Companies boosted their price objective on Tactile Systems Technology from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Guggenheim assumed coverage on Tactile Systems Technology in a report on Thursday, October 12th. They set a “buy” rating and a $47.00 price objective for the company. Finally, Northland Securities assumed coverage on Tactile Systems Technology in a report on Tuesday, October 17th. They set a “market perform” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $35.75.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.

Insider Buying and Selling by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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