Tactile Systems Technology, Inc. (NASDAQ:TCMD) – Equities researchers at William Blair cut their Q4 2017 earnings estimates for shares of Tactile Systems Technology in a research report issued on Tuesday. William Blair analyst M. Kaczor now expects that the company will earn $0.15 per share for the quarter, down from their prior estimate of $0.16. William Blair also issued estimates for Tactile Systems Technology’s Q1 2018 earnings at ($0.08) EPS and Q4 2018 earnings at $0.18 EPS.
Several other research analysts have also commented on TCMD. ValuEngine raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Piper Jaffray Companies boosted their price objective on Tactile Systems Technology from $30.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, August 8th. Canaccord Genuity reissued a “buy” rating and set a $37.00 price objective (up previously from $28.00) on shares of Tactile Systems Technology in a report on Tuesday, August 8th. Zacks Investment Research raised Tactile Systems Technology from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, August 10th. Finally, BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Tactile Systems Technology has a consensus rating of “Buy” and a consensus target price of $34.25.
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Tactile Systems Technology (NASDAQ:TCMD) opened at $25.23 on Friday. Tactile Systems Technology has a twelve month low of $14.37 and a twelve month high of $37.88. The company has a market capitalization of $450.16, a PE ratio of 169.53, a PEG ratio of 4.89 and a beta of -0.57.
Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The company had revenue of $28.28 million during the quarter, compared to analyst estimates of $27.66 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. Tactile Systems Technology’s revenue was up 25.0% on a year-over-year basis.
In other Tactile Systems Technology news, major shareholder Radius Venture Partners Iii, L sold 1,000,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $31.02, for a total value of $31,035,510.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Bryan Rishe sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $27.21, for a total value of $40,815.00. Following the completion of the sale, the vice president now owns 105,307 shares of the company’s stock, valued at approximately $2,865,403.47. The disclosure for this sale can be found here. Insiders sold a total of 1,078,547 shares of company stock valued at $33,504,374 in the last 90 days. 49.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Menta Capital LLC lifted its position in Tactile Systems Technology by 66.9% in the second quarter. Menta Capital LLC now owns 28,186 shares of the company’s stock valued at $806,000 after purchasing an additional 11,300 shares during the last quarter. Geode Capital Management LLC lifted its position in Tactile Systems Technology by 17.2% in the first quarter. Geode Capital Management LLC now owns 70,704 shares of the company’s stock valued at $1,339,000 after purchasing an additional 10,377 shares during the last quarter. Nicholas Investment Partners LP bought a new stake in Tactile Systems Technology in the second quarter valued at approximately $1,723,000. Peregrine Capital Management LLC bought a new stake in Tactile Systems Technology in the third quarter valued at approximately $16,984,000. Finally, EAM Investors LLC lifted its position in Tactile Systems Technology by 153.1% in the second quarter. EAM Investors LLC now owns 178,275 shares of the company’s stock valued at $5,095,000 after purchasing an additional 107,826 shares during the last quarter. Hedge funds and other institutional investors own 48.53% of the company’s stock.
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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