Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 2,482 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $31.15, for a total value of $77,314.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Tactile Systems Technology Inc (TCMD) opened at $30.88 on Thursday. The company has a market capitalization of $529.82, a PE ratio of 199.53, a P/E/G ratio of 6.70 and a beta of -0.23. Tactile Systems Technology Inc has a fifty-two week low of $16.19 and a fifty-two week high of $37.88.
Several brokerages have recently issued reports on TCMD. Piper Jaffray Companies raised Tactile Systems Technology to a “buy” rating and set a $36.00 price target on the stock in a research note on Tuesday. BidaskClub raised Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $37.00 price target on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. Sidoti began coverage on Tactile Systems Technology in a report on Friday, December 8th. They issued a “neutral” rating for the company. Finally, 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 report on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Tactile Systems Technology presently has a consensus rating of “Buy” and an average target price of $34.25.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Tactile Systems Technology by 39.3% in the second quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after purchasing an additional 1,252 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in Tactile Systems Technology in the fourth quarter valued at about $139,000. Nationwide Fund Advisors increased its holdings in Tactile Systems Technology by 201.8% in the second quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after purchasing an additional 3,457 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Tactile Systems Technology in the fourth quarter valued at about $158,000. Finally, Advisors Preferred LLC bought a new stake in Tactile Systems Technology in the fourth quarter valued at about $160,000. Institutional investors and hedge funds own 84.94% of the company’s stock.
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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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