Tactile Systems Technology Inc (TCMD) Given Average Recommendation of “Buy” by Analysts

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.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Tactile Systems Technology by 39.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after acquiring an additional 1,252 shares during the period. Nationwide Fund Advisors grew its position in shares of Tactile Systems Technology by 201.8% during the 2nd quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after acquiring an additional 3,457 shares during the period. Advisors Preferred LLC acquired a new stake in shares of Tactile Systems Technology during the 4th quarter valued at about $160,000. The Manufacturers Life Insurance Company grew its position in shares of Tactile Systems Technology by 10,882.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after acquiring an additional 7,400 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of Tactile Systems Technology during the 2nd quarter valued at about $217,000. Hedge funds and other institutional investors own 72.16% 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.

TRADEMARK VIOLATION NOTICE: “Tactile Systems Technology Inc (TCMD) Given Average Recommendation of “Buy” by Analysts” was originally reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/14/tactile-systems-technology-inc-tcmd-given-average-recommendation-of-buy-by-analysts.html.

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.

Analyst Recommendations for Tactile Systems Technology (NASDAQ:TCMD)

Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply