Tactile Systems Technology, Inc. (NASDAQ:TCMD) Director Cheryl Pegus acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was bought at an average price of $27.86 per share, with a total value of $27,860.00. Following the purchase, the director now directly owns 2,184 shares in the company, valued at approximately $60,846.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded down $0.49 on Thursday, reaching $28.90. The company’s stock had a trading volume of 198,779 shares, compared to its average volume of 204,527. The firm has a market capitalization of $510.75 and a price-to-earnings ratio of 188.93. Tactile Systems Technology, Inc. has a 52 week low of $14.37 and a 52 week high of $37.88.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $28.28 million for the quarter, compared to analyst estimates of $27.66 million. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. research analysts expect that Tactile Systems Technology, Inc. will post 0.34 EPS for the current year.

Several brokerages have recently weighed in on TCMD. Guggenheim began coverage on Tactile Systems Technology in a research report on Thursday, October 12th. They set a “buy” rating and a $47.00 target price on the stock. Northland Securities began coverage on Tactile Systems Technology in a research report on Tuesday, October 17th. They set a “market perform” rating on the stock. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Friday, November 10th. Sidoti began coverage on Tactile Systems Technology in a research report on Friday, December 8th. They set a “neutral” rating on the stock. Finally, BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Four 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. Tactile Systems Technology presently has a consensus rating of “Buy” and an average price target of $34.25.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCMD. JPMorgan Chase & Co. increased its position in Tactile Systems Technology by 39.3% during the second 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 America Corp DE increased its position in Tactile Systems Technology by 1,118.5% during the first 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. Bank of Montreal Can acquired a new position in Tactile Systems Technology during the second quarter worth approximately $146,000. Nationwide Fund Advisors increased its position in Tactile Systems Technology by 201.8% during the second 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. Finally, The Manufacturers Life Insurance Company increased its position in Tactile Systems Technology by 10,882.4% during the second 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. 71.68% of the stock is currently owned by institutional investors.

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About Tactile Systems Technology

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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