Tactile Systems Technology (TCMD) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TCMD shares.
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2 analysts have issued 1-year price objectives for Tactile Systems Technology's shares. Their TCMD share price forecasts range from $28.00 to $30.00. On average, they anticipate the company's stock price to reach $29.33 in the next year. This suggests a possible upside of 108.9% from the stock's current price.
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Tactile Systems Technology's stock was trading at $11.48 at the beginning of 2023. Since then, TCMD stock has increased by 22.3% and is now trading at $14.04.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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Tactile Systems Technology, Inc. (NASDAQ:TCMD) released its quarterly earnings results on Monday, August, 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $68.34 million for the quarter, compared to analyst estimates of $65.48 million. Tactile Systems Technology had a net margin of 0.13% and a trailing twelve-month return on equity of 5.89%.

Invesco Dorsey Wright Healthcare Momentum ETF holds 69,079 shares of TCMD stock, representing 0.95% of its portfolio.

Tactile Systems Technology updated its FY 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $274.00 million-$278.00 million, compared to the consensus revenue estimate of $274.00 million.

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.

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).

(TCMD) raised $40 million in an IPO on Thursday, July 28th 2016. The company issued 4,000,000 shares at a price of $10.00 per share. Piper Jaffray, William Blair and Canaccord Genuity acted as the underwriters for the IPO and BTIG was co-manager.

Tactile Systems Technology trades on the NASDAQ under the ticker symbol "TCMD."

Tactile Systems Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.21%), Divisadero Street Capital Management LP (4.13%), Perceptive Advisors LLC (2.57%), State Street Corp (2.52%), Acadian Asset Management LLC (2.19%) and Dimensional Fund Advisors LP (2.15%). Insiders that own company stock include Brent Moen, Bryan Rishe, Daniel L Reuvers, Kristie Burns and William W Burke.
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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.
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One share of TCMD stock can currently be purchased for approximately $14.04.

Tactile Systems Technology (NASDAQ:TCMD) has a market capitalization of $329.39 million and generates $266.35 million in revenue each year. The company earns $-17,870,000.00 in net income (profit) each year or $0.03 on an earnings per share basis.

The company employs 982 workers across the globe.

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.