A number of other research analysts have also recently commented on TCMD. Oppenheimer initiated coverage on shares of Tactile Systems Technology in a research report on Tuesday, October 22nd. They set a market perform rating on the stock. Zacks Investment Research upgraded shares of Tactile Systems Technology from a hold rating to a buy rating and set a $49.00 price target on the stock in a research report on Wednesday, October 9th. BTIG Research upgraded shares of Tactile Systems Technology from a neutral rating to a buy rating and set a $62.00 price target on the stock in a research report on Wednesday, August 7th. ValuEngine upgraded shares of Tactile Systems Technology from a hold rating to a buy rating in a research report on Thursday, August 1st. Finally, TheStreet upgraded shares of Tactile Systems Technology from a d+ rating to a c+ rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $70.14.
Shares of NASDAQ TCMD opened at $52.10 on Tuesday. Tactile Systems Technology has a one year low of $37.40 and a one year high of $76.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.26 and a quick ratio of 4.34. The firm’s 50 day simple moving average is $45.64 and its two-hundred day simple moving average is $50.59. The stock has a market capitalization of $941.10 million, a P/E ratio of 153.24, a PEG ratio of 6.29 and a beta of 2.01.
Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 9.41%. The business had revenue of $49.60 million for the quarter, compared to analysts’ expectations of $45.47 million. During the same period last year, the business earned $0.09 earnings per share. The business’s quarterly revenue was up 36.6% on a year-over-year basis. As a group, equities analysts expect that Tactile Systems Technology will post 0.61 earnings per share for the current fiscal year.
In other news, SVP Bryan Rishe sold 4,813 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $48.67, for a total value of $234,248.71. Following the transaction, the senior vice president now owns 50,675 shares in the company, valued at $2,466,352.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert J. Folkes sold 2,106 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $42.29, for a total transaction of $89,062.74. Following the completion of the transaction, the chief operating officer now owns 77,854 shares in the company, valued at approximately $3,292,445.66. The disclosure for this sale can be found here. Insiders sold 49,798 shares of company stock worth $2,356,615 in the last 90 days. Company insiders own 6.50% of the company’s stock.
Several institutional investors have recently modified their holdings of TCMD. Capital Fund Management S.A. lifted its stake in Tactile Systems Technology by 91.7% in the second quarter. Capital Fund Management S.A. now owns 18,400 shares of the company’s stock worth $1,047,000 after acquiring an additional 8,800 shares during the period. AWM Investment Company Inc. lifted its stake in Tactile Systems Technology by 8.0% in the second quarter. AWM Investment Company Inc. now owns 134,714 shares of the company’s stock worth $7,668,000 after acquiring an additional 10,000 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Tactile Systems Technology by 11.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 17,758 shares of the company’s stock worth $1,011,000 after acquiring an additional 1,755 shares during the period. JPMorgan Chase & Co. lifted its stake in Tactile Systems Technology by 109.2% in the second quarter. JPMorgan Chase & Co. now owns 51,335 shares of the company’s stock worth $2,772,000 after acquiring an additional 26,792 shares during the period. Finally, Wasatch Advisors Inc. lifted its stake in Tactile Systems Technology by 124.9% in the second quarter. Wasatch Advisors Inc. now owns 112,545 shares of the company’s stock worth $6,406,000 after acquiring an additional 62,501 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.
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