Gerald R. Mattys Sells 20,000 Shares of Tactile Systems Technology Inc (TCMD) Stock

Tactile Systems Technology Inc (NASDAQ:TCMD) CEO Gerald R. Mattys sold 20,000 shares of Tactile Systems Technology stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $54.38, for a total transaction of $1,087,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NASDAQ:TCMD opened at $52.00 on Friday. The firm has a market capitalization of $929.38 million, a PE ratio of 247.62, a P/E/G ratio of 7.14 and a beta of 0.85. Tactile Systems Technology Inc has a twelve month low of $22.72 and a twelve month high of $57.60.

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

TCMD has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. BidaskClub upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. ValuEngine upgraded shares of Tactile Systems Technology from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Piper Jaffray Companies lifted their price objective on shares of Tactile Systems Technology to $44.00 and gave the company an “outperform” rating in a research note on Monday, May 7th. Finally, BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Monday, June 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.30.

Hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new stake in Tactile Systems Technology during the 4th quarter valued at $139,000. Municipal Employees Retirement System of Michigan bought a new stake in Tactile Systems Technology during the 4th quarter valued at $158,000. Rehmann Capital Advisory Group bought a new stake in Tactile Systems Technology during the 4th quarter valued at $218,000. Brown Advisory Inc. bought a new stake in Tactile Systems Technology during the 1st quarter valued at $250,000. Finally, State of Tennessee Treasury Department bought a new stake in Tactile Systems Technology during the 4th quarter valued at $254,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

About Tactile Systems Technology

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.

Insider Buying and Selling by Quarter 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