Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) have earned a consensus rating of “Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $37.00.
A number of equities research analysts recently issued reports on the stock. Northland Securities restated a “hold” rating and issued a $31.50 target price on shares of Tactile Systems Technology in a report on Monday, October 16th. BidaskClub upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research downgraded shares of Tactile Systems Technology from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Guggenheim assumed coverage on shares of Tactile Systems Technology in a report on Thursday, October 12th. They issued a “buy” rating and a $47.00 target price for the company. Finally, Canaccord Genuity restated a “buy” rating and issued a $37.00 target price on shares of Tactile Systems Technology in a report on Wednesday, January 3rd.
In other Tactile Systems Technology news, COO Robert J. Folkes sold 4,455 shares of Tactile Systems Technology stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $28.32, for a total transaction of $126,165.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $27.21, for a total transaction of $40,815.00. Following the transaction, the vice president now directly owns 105,307 shares in the company, valued at $2,865,403.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 188,695 shares of company stock worth $5,314,541. 49.90% of the stock is currently owned by corporate insiders.
Shares of Tactile Systems Technology (TCMD) opened at $31.15 on Friday. Tactile Systems Technology has a twelve month low of $14.37 and a twelve month high of $37.88. The stock has a market cap of $523.80, a P/E ratio of 100.48, a P/E/G ratio of 6.62 and a beta of -0.60.
Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. 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 previous year, the firm earned $0.01 earnings per share. Tactile Systems Technology’s revenue was up 25.0% compared to the same quarter last year. analysts forecast that Tactile Systems Technology will post 0.34 EPS for the current fiscal year.
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.
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