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NASDAQ:TCMD

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

$13.41
+0.46 (+3.55%)
(As of 03:46 PM ET)
Compare
Today's Range
$12.86
$13.46
50-Day Range
$12.95
$25.41
52-Week Range
$6.52
$26.11
Volume
316,211 shs
Average Volume
280,597 shs
Market Capitalization
$314.60 million
P/E Ratio
447.00
Dividend Yield
N/A
Price Target
$29.33

Tactile Systems Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
118.4% Upside
$29.33 Price Target
Short Interest
Healthy
2.24% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$21,803 Sold Last Quarter
Proj. Earnings Growth
140.00%
From $0.15 to $0.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Medical Sector

276th out of 961 stocks

Surgical & Medical Instruments Industry

34th out of 98 stocks


TCMD stock logo

About Tactile Systems Technology (NASDAQ:TCMD) Stock

Tactile Systems Technology, Inc., a medical technology company, develops and provides medical devices for the treatment of underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers; Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, treatment, and share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest for the treatment of retained pulmonary secretions, such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders. The company was incorporated in 1995 and is headquartered in Minneapolis, Minnesota.

TCMD Price History

TCMD Stock News Headlines

As AI Explodes this Company Could Skyrocket
A game-changing device expected to hit the market soon may put this AI company on the map.
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
TCMD Tactile Systems Technology, Inc.
See More Headlines
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TCMD Company Calendar

Last Earnings
8/07/2023
Today
9/25/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:TCMD
Employees
982
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.33
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
+126.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-17,870,000.00
Pretax Margin
0.36%

Debt

Sales & Book Value

Annual Sales
$246.79 million
Cash Flow
$0.13 per share
Book Value
$6.02 per share

Miscellaneous

Free Float
22,640,000
Market Cap
$304.51 million
Optionable
Optionable
Beta
1.20
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Key Executives

  • Mr. Daniel L. ReuversMr. Daniel L. Reuvers (Age 60)
    Pres, CEO & Director
    Comp: $1.22M
  • Ms. Kristie T. Burns (Age 51)
    Sr. VP of Marketing & Clinical Affairs
    Comp: $538.82k
  • Ms. Elaine M. Birkemeyer
    Chief Financial Officer
  • Mr. Jerry A. Sauber
    Sr. VP of Manufacturing, Operations, R&D
  • Mr. John David Kaercher
    Chief Information Officer
  • Ms. Sunday J. Hoy Esq.
    VP & Compliance Officer
  • Ms. Sherri Ferstler
    Sr. VP of Sales
  • Janelle M. Strop
    Chief Human Resource Officer
  • Dr. Antonios P. Gasparis F.A.C.S.
    M.D., Chief Medical Officer & Member of Vascular Strategic Advisory Board
  • Rachel L. Gustad
    Sr. VP of Commercial Operations













TCMD Stock - Frequently Asked Questions

Should I buy or sell Tactile Systems Technology stock right now?

2 Wall Street 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 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?

2 Wall Street research analysts have issued 1 year price objectives for Tactile Systems Technology's stock. Their TCMD share price forecasts range from $28.00 to $30.00. On average, they expect the company's share price to reach $29.33 in the next year. This suggests a possible upside of 126.0% 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 beginning of 2023. Since then, TCMD stock has increased by 13.1% and is now trading at $12.98.
View the best growth stocks for 2023 here
.

Are investors shorting Tactile Systems Technology?

Tactile Systems Technology saw a increase in short interest in August. As of August 31st, there was short interest totaling 524,500 shares, an increase of 35.1% from the August 15th total of 388,200 shares. Based on an average trading volume of 327,300 shares, the short-interest ratio is currently 1.6 days.
View Tactile Systems Technology's Short Interest
.

When is Tactile Systems Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our TCMD earnings forecast
.

How were Tactile Systems Technology's earnings last quarter?

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, topping the consensus estimate of ($0.07) by $0.12. The business had revenue of $68.34 million for the quarter, compared to analysts' expectations of $65.48 million. Tactile Systems Technology had a trailing twelve-month return on equity of 5.89% and a net margin of 0.13%.

What ETF holds Tactile Systems Technology's stock ?

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

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, 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.

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 on Thursday, July 28th 2016. The company issued 4,000,000 shares at $10.00 per share. Piper Jaffray, William Blair and Canaccord Genuity served 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 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.
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 $12.98.

How much money does Tactile Systems Technology make?

Tactile Systems Technology (NASDAQ:TCMD) has a market capitalization of $304.51 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.

How many employees does Tactile Systems Technology have?

The company employs 982 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.

This page (NASDAQ:TCMD) was last updated on 9/25/2023 by MarketBeat.com Staff

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