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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TCMD shares.
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2 equities research analysts have issued 1 year target prices for Tactile Systems Technology's shares. Their TCMD share price forecasts range from $28.00 to $30.00. On average, they expect the company's stock price to reach $29.33 in the next year. This suggests a possible upside of 108.8% from the stock's current price.
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Tactile Systems Technology's stock was trading at $11.48 at the start of the year. Since then, TCMD shares have increased by 22.4% and is now trading at $14.05.
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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) issued its quarterly earnings results on Monday, August, 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The firm earned $68.34 million during the quarter, compared to the consensus estimate 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 issued an update on 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 initial public offering (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."

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 $14.05.

Tactile Systems Technology (NASDAQ:TCMD) has a market capitalization of $329.61 million and generates $246.79 million in revenue each year. The company earns $-17,870,000.00 in net income (profit) each year or $0.03 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.