NASDAQ:TCMD Tactile Systems Technology (TCMD) Stock Forecast, Price & News $24.04 +0.04 (+0.17%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$23.52▼$24.3950-Day Range$16.36▼$24.2352-Week Range$6.28▼$24.75Volume183,791 shsAverage Volume238,121 shsMarket Capitalization$558.69 millionP/E RatioN/ADividend YieldN/APrice Target$27.33 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Tactile Systems Technology MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside13.7% Upside$27.33 Price TargetShort InterestHealthy3.09% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.57Based on 12 Articles This WeekInsider TradingSelling Shares$110,843 Sold Last QuarterProj. Earnings Growth760.00%From $0.05 to $0.43 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.14 out of 5 starsMedical Sector815th out of 988 stocksSurgical & Medical Instruments Industry75th out of 95 stocks 2.5 Analyst's Opinion Consensus RatingTactile Systems Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $27.33, Tactile Systems Technology has a forecasted upside of 13.7% from its current price of $24.04.Amount of Analyst CoverageTactile Systems Technology has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.09% of the outstanding shares of Tactile Systems Technology have been sold short.Short Interest Ratio / Days to CoverTactile Systems Technology has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tactile Systems Technology has recently increased by 81.20%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldTactile Systems Technology does not currently pay a dividend.Dividend GrowthTactile Systems Technology does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TCMD. Previous Next 2.5 News and Social Media Coverage News SentimentTactile Systems Technology has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Tactile Systems Technology this week, compared to 2 articles on an average week.Search InterestOnly 5 people have searched for TCMD on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.MarketBeat Follows4 people have added Tactile Systems Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tactile Systems Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $110,843.00 in company stock.Percentage Held by InsidersOnly 0.96% of the stock of Tactile Systems Technology is held by insiders.Percentage Held by Institutions83.99% of the stock of Tactile Systems Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Tactile Systems Technology are expected to grow by 760.00% in the coming year, from $0.05 to $0.43 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tactile Systems Technology is -120.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Tactile Systems Technology is -120.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioTactile Systems Technology has a PEG Ratio of 24.00. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioTactile Systems Technology has a P/B Ratio of 3.99. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tactile Systems Technology (NASDAQ:TCMD) StockTactile Systems Technology, Inc. is a medical technology company. It develops and provides innovative medical devices for the treatment of chronic diseases at home. The firm focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures. The company was founded on January 30, 1995 and is headquartered in Minneapolis, MN.Read More Receive TCMD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tactile Systems Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address TCMD Stock News HeadlinesJune 9, 2023 | finance.yahoo.comWhat Is Tactile Systems Technology, Inc.'s (NASDAQ:TCMD) Share Price Doing?June 9, 2023 | americanbankingnews.comQ1 2024 Earnings Estimate for Tactile Systems Technology, Inc. Issued By William Blair (NASDAQ:TCMD)June 10, 2023 | Behind the Markets (Ad)Avoid the upcoming bloodbathBy this time next year, millions of retirees are going to be so broke they'll struggle to keep the heat running, and may have to make hard decisions about which medications they can afford. It's all because of an upcoming government announcement that could make last year's record breaking 7% inflation look like nothing. Get the details that could keep your money safe here >>>June 8, 2023 | americanbankingnews.comTactile Systems Technology, Inc. Forecasted to Earn Q4 2024 Earnings of $0.36 Per Share (NASDAQ:TCMD)May 30, 2023 | markets.businessinsider.comAnalysts Are Bullish on These Technology Stocks: Tactile Systems Technology (TCMD), Broadcom (AVGO)May 26, 2023 | finance.yahoo.comTactile Systems Technology (NASDAQ:TCMD) Could Be Struggling To Allocate CapitalMay 25, 2023 | seekingalpha.comTactile Systems: Lymphedema, AffloVest Markets Continue Adding ValueMay 23, 2023 | finance.yahoo.comTactile Medical to Present at the William Blair 43rd Annual Growth Stock ConferenceJune 10, 2023 | Legacy Research (Affiliate) (Ad)Sell Every Stock, Except ONE (Ticker Revealed)We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.May 21, 2023 | americanbankingnews.comTactile Systems Technology (NASDAQ:TCMD) Lowered to Buy at StockNews.comMay 17, 2023 | americanbankingnews.comTactile Systems Technology, Inc. (NASDAQ:TCMD) Director William W. Burke Sells 4,400 Shares of StockMay 14, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Tactile Systems Technology, Inc. Boosted by Analyst (NASDAQ:TCMD)May 13, 2023 | americanbankingnews.comTactile Systems Technology (NASDAQ:TCMD) Trading 5% Higher May 12, 2023 | msn.comOppenheimer Maintains Tactile Systems Technology (TCMD) Outperform RecommendationMay 12, 2023 | americanbankingnews.comKristie Burns Sells 786 Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) StockMay 12, 2023 | americanbankingnews.comOppenheimer Boosts Tactile Systems Technology (NASDAQ:TCMD) Price Target to $24.00May 11, 2023 | americanbankingnews.comTactile Systems Technology Target of Unusually Large Options Trading (NASDAQ:TCMD)May 11, 2023 | americanbankingnews.comTactile Systems Technology (NASDAQ:TCMD) Sets New 1-Year High Following Analyst UpgradeMay 10, 2023 | finance.yahoo.comTactile Systems Technology First Quarter 2023 Earnings: Beats ExpectationsMay 10, 2023 | americanbankingnews.comTactile Systems Technology (NASDAQ:TCMD) Price Target Increased to $30.00 by Analysts at Piper SandlerMay 10, 2023 | americanbankingnews.comStockNews.com Upgrades Tactile Systems Technology (NASDAQ:TCMD) to "Strong-Buy"May 9, 2023 | finance.yahoo.comQ1 2023 Tactile Systems Technology Inc Earnings CallMay 9, 2023 | finance.yahoo.comTactile Systems Q1 Earnings Show Path to Revenue Growth, Profitability, Analyst SaysMay 9, 2023 | markets.businessinsider.comBTIG Sticks to Its Buy Rating for Tactile Systems Technology (TCMD)May 8, 2023 | seekingalpha.comTactile Systems Technology, Inc. (TCMD) Q1 2023 Earnings Call TranscriptMay 8, 2023 | msn.comTactile Systems Technology Q1 results beat estimates, co raises FY 2023 revenue guidanceMay 8, 2023 | finance.yahoo.comTactile Systems Technology, Inc. Reports First Quarter 2023 Financial Results; Raises Full Year 2023 OutlookSee More Headlines TCMD Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TCMD Company Calendar Last Earnings5/08/2023Today6/10/2023Next Earnings (Estimated)8/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Surgical & medical instruments Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:TCMD CUSIPN/A CIK1027838 Webwww.tactilemedical.com Phone(612) 355-5100Fax866-435-3949Employees988Year FoundedN/APrice Target and Rating Average Stock Price Forecast$27.33 High Stock Price Forecast$30.00 Low Stock Price Forecast$24.00 Forecasted Upside/Downside+13.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.20) Trailing P/E RatioN/A Forward P/E Ratio480.80 P/E Growth24Net Income$-17,870,000.00 Net Margins-1.62% Pretax Margin-1.91% Return on Equity3.28% Return on Assets1.63% Debt Debt-to-Equity Ratio0.29 Current Ratio2.83 Quick Ratio2.44 Sales & Book Value Annual Sales$246.79 million Price / Sales2.26 Cash Flow$0.13 per share Price / Cash Flow182.19 Book Value$6.02 per share Price / Book3.99Miscellaneous Outstanding Shares23,240,000Free Float23,013,000Market Cap$558.69 million OptionableOptionable Beta1.19 Key ExecutivesDaniel L. ReuversPresident, Chief Executive Officer & DirectorJerry A. SauberVice President-OperationsElaine BirkemeyerChief Financial OfficerThomas F. O’DonnellChief Medical OfficerPeter C. SchaubachChief Information OfficerKey CompetitorsOrchestra BioMedNASDAQ:OBIOIRadimedNASDAQ:IRMDArtivionNYSE:AORTPulmonxNASDAQ:LUNGMiMedx GroupNASDAQ:MDXGView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 57,045 shares on 5/25/2023Ownership: 1.994%Ameriprise Financial Inc.Bought 121,972 shares on 5/22/2023Ownership: 1.719%JPMorgan Chase & Co.Sold 87,559 shares on 5/18/2023Ownership: 1.092%State Street CorpBought 9,591 shares on 5/16/2023Ownership: 1.582%Squarepoint Ops LLCSold 3,053 shares on 5/16/2023Ownership: 0.109%View All Insider TransactionsView All Institutional Transactions TCMD Stock - Frequently Asked Questions Should I buy or sell Tactile Systems Technology stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TCMD shares. View TCMD analyst ratings or view top-rated stocks. What is Tactile Systems Technology's stock price forecast for 2023? 3 brokerages have issued twelve-month price objectives for Tactile Systems Technology's stock. Their TCMD share price forecasts range from $24.00 to $30.00. On average, they expect the company's stock price to reach $27.33 in the next year. This suggests a possible upside of 13.7% from the stock's current price. View analysts price targets for TCMD or view top-rated stocks among Wall Street analysts. How have TCMD shares performed in 2023? Tactile Systems Technology's stock was trading at $11.48 at the start of the year. Since then, TCMD stock has increased by 109.4% and is now trading at $24.04. View the best growth stocks for 2023 here. When is Tactile Systems Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023. View our TCMD earnings forecast. How were Tactile Systems Technology's earnings last quarter? Tactile Systems Technology, Inc. (NASDAQ:TCMD) posted its quarterly earnings data on Monday, May, 8th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.27) by $0.24. The business had revenue of $58.85 million for the quarter, compared to analyst estimates of $54.32 million. Tactile Systems Technology had a negative net margin of 1.62% and a positive trailing twelve-month return on equity of 3.28%. What ETFs hold Tactile Systems Technology's stock? ETFs with the largest weight of Tactile Systems Technology (NASDAQ:TCMD) stock in their portfolio include ROBO Global Healthcare Technology and Innovation ETF (HTEC), Invesco Nasdaq Future Gen 200 ETF (QQQS), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and Invesco DWA SmallCap Momentum ETF (DWAS).Principal Healthcare Innovators ETF (BTEC). What guidance has Tactile Systems Technology issued on next quarter's earnings? Tactile Systems Technology issued an update on its FY 2023 earnings guidance on Monday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $271.00 million-$275.00 million, compared to the consensus revenue estimate of $271.75 million. What is Dan Reuvers' approval rating as Tactile Systems Technology's CEO? 1 employees have rated Tactile Systems Technology Chief Executive Officer Dan Reuvers on Glassdoor.com. Dan Reuvers has an approval rating of 100% among the company's employees. This puts Dan Reuvers in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Tactile Systems Technology own? Based on aggregate information from My MarketBeat watchlists, some companies that other Tactile Systems Technology investors own include Sangamo Therapeutics (SGMO), CA (CA), InterDigital (IDCC), BlackRock (BLK), Bank of Hawaii (BOH), STAG Industrial (STAG), Chipotle Mexican Grill (CMG), Endologix (ELGX), Micron Technology (MU) and Vista Outdoor (VSTO). When did Tactile Systems Technology IPO? (TCMD) raised $40 million in an initial public offering (IPO) on Thursday, July 28th 2016. The company issued 4,000,000 shares at $10.00 per share. Piper Jaffray, William Blair and Canaccord Genuity acted as the underwriters for the IPO and BTIG was co-manager. What is Tactile Systems Technology's stock symbol? Tactile Systems Technology trades on the NASDAQ under the ticker symbol "TCMD." Who are Tactile Systems Technology's major shareholders? Tactile Systems Technology's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.56%), First Light Asset Management LLC (3.01%), Acadian Asset Management LLC (2.86%), Perceptive Advisors LLC (2.75%), Royce & Associates LP (2.10%) and Brandywine Global Investment Management LLC (1.99%). Insiders that own company stock include Brent Moen, Bryan Rishe, Daniel L Reuvers, Kristie Burns and William W Burke. View institutional ownership trends. How do I buy shares of Tactile Systems Technology? Shares of TCMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Tactile Systems Technology's stock price today? One share of TCMD stock can currently be purchased for approximately $24.04. How much money does Tactile Systems Technology make? Tactile Systems Technology (NASDAQ:TCMD) has a market capitalization of $558.69 million and generates $246.79 million in revenue each year. The company earns $-17,870,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis. How many employees does Tactile Systems Technology have? The company employs 988 workers across the globe. How can I contact Tactile Systems Technology? Tactile Systems Technology's mailing address is 3701 Wayzata Blvd Suite 300, MINNEAPOLIS MN, 55413. The official website for the company is www.tactilemedical.com. The company can be reached via phone at (612) 355-5100, via email at investorrelations@tactilemedical.com, or via fax at 866-435-3949. 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