Tactile Systems Technology, Inc. (NASDAQ:TCMD) Director Kevin H. Roche sold 14,600 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $27.49, for a total value of $401,354.00. Following the completion of the sale, the director now owns 111,784 shares of the company’s stock, valued at $3,072,942.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Tactile Systems Technology, Inc. (TCMD) traded up $0.21 on Tuesday, reaching $27.74. The company’s stock had a trading volume of 215,500 shares, compared to its average volume of 204,034. The firm has a market capitalization of $487.33, a P/E ratio of 183.53, a price-to-earnings-growth ratio of 4.51 and a beta of -0.69. Tactile Systems Technology, Inc. has a 12-month low of $14.37 and a 12-month high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The firm had revenue of $28.28 million during the quarter, compared to the consensus estimate of $27.66 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. analysts forecast that Tactile Systems Technology, Inc. will post 0.31 EPS for the current year.

Several large investors have recently made changes to their positions in TCMD. Vanguard Group Inc. lifted its position in shares of Tactile Systems Technology by 109.6% during the 1st quarter. Vanguard Group Inc. now owns 316,566 shares of the company’s stock valued at $5,999,000 after acquiring an additional 165,506 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Tactile Systems Technology by 17.2% during the 1st quarter. Geode Capital Management LLC now owns 70,704 shares of the company’s stock valued at $1,339,000 after acquiring an additional 10,377 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Tactile Systems Technology during the 1st quarter valued at $2,789,000. Bank of America Corp DE lifted its position in shares of Tactile Systems Technology by 1,118.5% during the 1st quarter. Bank of America Corp DE now owns 6,982 shares of the company’s stock valued at $133,000 after acquiring an additional 6,409 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Tactile Systems Technology during the 2nd quarter valued at $146,000. Institutional investors own 71.68% of the company’s stock.

A number of research firms have weighed in on TCMD. BTIG Research upgraded Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. Northland Securities restated a “hold” rating and issued a $31.50 target price on shares of Tactile Systems Technology in a research report on Monday, October 16th. Zacks Investment Research downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Sidoti began coverage on Tactile Systems Technology in a research report on Friday. They issued a “neutral” rating for the company. Finally, Guggenheim began coverage on Tactile Systems Technology in a research report on Thursday, October 12th. They issued a “buy” rating and a $47.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $34.25.

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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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