Shares of Tactile Systems Technology Inc (NASDAQ:TCMD) have received an average rating of “Buy” from the nine analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $37.00.
A number of equities analysts have weighed in on the company. BidaskClub upgraded Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Canaccord Genuity reiterated a “buy” rating and set a $37.00 price objective on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. Sidoti assumed coverage on Tactile Systems Technology in a research note on Friday, December 8th. They set a “neutral” rating for the company. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research note on Friday, November 10th. Finally, BTIG Research upgraded Tactile Systems Technology from a “neutral” rating to a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call.
In other Tactile Systems Technology news, Director Jordan Davis sold 75,000 shares of Tactile Systems Technology stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $32.00, for a total transaction of $2,400,000.00. Following the completion of the transaction, the director now owns 5,006 shares in the company, valued at approximately $160,192. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bryan Rishe sold 1,500 shares of Tactile Systems Technology stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $28.51, for a total value of $42,765.00. Following the transaction, the vice president now owns 103,807 shares of the company’s stock, valued at approximately $2,959,537.57. The disclosure for this sale can be found here. Insiders have sold a total of 314,807 shares of company stock valued at $9,265,055 in the last quarter. Company insiders own 49.90% of the company’s stock.
Tactile Systems Technology (NASDAQ:TCMD) opened at $29.44 on Wednesday. The stock has a market capitalization of $519.55, a price-to-earnings ratio of 94.97, a P/E/G ratio of 6.57 and a beta of -0.23. Tactile Systems Technology has a 52 week low of $14.98 and a 52 week high of $37.88.
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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