Shares of Tandem Diabetes Care Inc (NASDAQ:TNDM) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $13.00.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Tandem Diabetes Care from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird reaffirmed a “hold” rating and set a $3.00 target price on shares of Tandem Diabetes Care in a research note on Sunday, November 19th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $15.00 target price on shares of Tandem Diabetes Care in a research note on Friday, October 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $17.00 target price (down from $50.00) on shares of Tandem Diabetes Care in a research note on Tuesday, October 10th.

In other news, CEO Kim D. Blickenstaff purchased 285,700 shares of the stock in a transaction on Friday, October 13th. The stock was bought at an average price of $3.50 per share, for a total transaction of $999,950.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.90% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Tandem Diabetes Care by 13.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 659,993 shares of the medical device company’s stock worth $482,000 after acquiring an additional 78,748 shares in the last quarter. Wedbush Securities Inc. grew its holdings in Tandem Diabetes Care by 88.6% during the 3rd quarter. Wedbush Securities Inc. now owns 188,877 shares of the medical device company’s stock worth $138,000 after acquiring an additional 88,709 shares in the last quarter. Vanguard Group Inc. grew its holdings in Tandem Diabetes Care by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,233,607 shares of the medical device company’s stock worth $987,000 after acquiring an additional 32,991 shares in the last quarter. Keybank National Association OH grew its holdings in Tandem Diabetes Care by 32.7% during the 2nd quarter. Keybank National Association OH now owns 293,206 shares of the medical device company’s stock worth $235,000 after acquiring an additional 72,177 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Tandem Diabetes Care by 88.6% during the 1st quarter. Bank of America Corp DE now owns 861,026 shares of the medical device company’s stock worth $1,032,000 after acquiring an additional 404,452 shares in the last quarter.

Shares of Tandem Diabetes Care (NASDAQ TNDM) opened at $2.48 on Thursday. Tandem Diabetes Care has a 52 week low of $2.15 and a 52 week high of $30.00. The company has a current ratio of 1.90, a quick ratio of 0.88 and a debt-to-equity ratio of -2.70.

Tandem Diabetes Care (NASDAQ:TNDM) last announced its earnings results on Thursday, October 26th. The medical device company reported ($3.09) earnings per share for the quarter, topping the consensus estimate of ($3.74) by $0.65. Tandem Diabetes Care had a negative net margin of 79.45% and a negative return on equity of 1,177.11%. The firm had revenue of $27.00 million for the quarter, compared to the consensus estimate of $25.92 million. During the same period in the prior year, the firm earned ($0.97) EPS. The firm’s revenue for the quarter was up 119.7% on a year-over-year basis. equities research analysts expect that Tandem Diabetes Care will post -15.37 EPS for the current year.

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Tandem Diabetes Care Company Profile

Tandem Diabetes Care, Inc is a medical device company. The Company is engaged in designing, developing and commercializing products for people with insulin-dependent diabetes. The Company manufactures and sells three insulin pump products, which include t:slim Insulin Delivery System (t:slim), t:flex Insulin Delivery System (t:flex) and t:slim G4 Insulin Delivery System (t:slim G4).

Analyst Recommendations for Tandem Diabetes Care (NASDAQ:TNDM)

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