Tactile Systems Technology (TCMD) Sets New 1-Year High and Low at $47.28

Shares of Tactile Systems Technology Inc. (NASDAQ:TCMD) hit a new 52-week high and low during trading on Monday . The stock traded as low as $47.28 and last traded at $46.55, with a volume of 5995 shares. The stock had previously closed at $46.54.

Several research firms have recently issued reports on TCMD. BidaskClub upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Zacks Investment Research lowered shares of Tactile Systems Technology from a “strong-buy” rating to a “hold” rating in a report on Friday, May 11th. Piper Jaffray Companies lifted their target price on shares of Tactile Systems Technology to $44.00 and gave the company an “outperform” rating in a report on Monday, May 7th. ValuEngine upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Northland Securities lowered shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $42.90.

The firm has a market cap of $831.23 million, a PE ratio of 221.24, a P/E/G ratio of 6.39 and a beta of 0.39.

Tactile Systems Technology (NASDAQ:TCMD) last released its earnings results on Monday, May 7th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.13. Tactile Systems Technology had a net margin of 6.29% and a return on equity of 7.86%. The firm had revenue of $26.85 million during the quarter, compared to analyst estimates of $23.72 million. During the same period last year, the business earned ($0.09) earnings per share. The business’s revenue was up 35.3% on a year-over-year basis. equities analysts predict that Tactile Systems Technology Inc. will post 0.36 earnings per share for the current fiscal year.

In related news, SVP Bryan Rishe sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $31.07, for a total transaction of $46,605.00. Following the completion of the sale, the senior vice president now owns 90,145 shares of the company’s stock, valued at $2,800,805.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William W. Burke sold 700 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $45.86, for a total transaction of $32,102.00. Following the sale, the director now directly owns 7,679 shares of the company’s stock, valued at approximately $352,158.94. The disclosure for this sale can be found here. Insiders have sold 149,871 shares of company stock valued at $5,092,284 over the last quarter. Company insiders own 8.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its position in shares of Tactile Systems Technology by 4.1% during the first quarter. Principal Financial Group Inc. now owns 113,120 shares of the company’s stock valued at $3,597,000 after acquiring an additional 4,500 shares in the last quarter. Legal & General Group Plc increased its position in shares of Tactile Systems Technology by 7.0% during the first quarter. Legal & General Group Plc now owns 27,074 shares of the company’s stock valued at $853,000 after acquiring an additional 1,769 shares in the last quarter. Barclays PLC increased its position in shares of Tactile Systems Technology by 172.8% during the first quarter. Barclays PLC now owns 8,739 shares of the company’s stock valued at $277,000 after acquiring an additional 5,535 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Tactile Systems Technology by 11.3% during the first quarter. Lord Abbett & CO. LLC now owns 363,376 shares of the company’s stock valued at $11,556,000 after acquiring an additional 36,989 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Tactile Systems Technology by 2.4% during the first quarter. Allianz Asset Management GmbH now owns 174,121 shares of the company’s stock valued at $5,537,000 after acquiring an additional 4,027 shares in the last quarter. 91.88% of the stock is owned by institutional investors.

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 proprietary 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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