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MarketBeat Week in Review – 6/4 - 6/9
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
How major US stock indexes fared Friday 6/9/2023
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[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
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[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
How major US stock indexes fared Friday 6/9/2023
FuelCell Is Back To Realistic Valuation
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
New Mexico reaches $500M settlement with Walgreens in opioid case
With GM and Ford embracing Tesla's EV charging technology, here's what it means for consumers
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software" (Ad)
Nigeria's central bank chief arrested after being suspended by president
Closing prices for crude oil, gold and other commodities
NASDAQ:TCMD

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

$24.04
+0.04 (+0.17%)
(As of 06/9/2023 ET)
Compare
Today's Range
$23.52
$24.39
50-Day Range
$16.36
$24.23
52-Week Range
$6.28
$24.75
Volume
183,791 shs
Average Volume
238,121 shs
Market Capitalization
$558.69 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.33

Tactile Systems Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.7% Upside
$27.33 Price Target
Short Interest
Healthy
3.09% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.57mentions of Tactile Systems Technology in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$110,843 Sold Last Quarter
Proj. Earnings Growth
760.00%
From $0.05 to $0.43 Per Share

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 stars

Medical Sector

815th out of 988 stocks

Surgical & Medical Instruments Industry

75th out of 95 stocks


TCMD stock logo

About Tactile Systems Technology (NASDAQ:TCMD) Stock

Tactile 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.

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TCMD Stock News Headlines

Avoid the upcoming bloodbath
By 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 >>>
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.
Tactile Systems Technology (NASDAQ:TCMD) Trading 5% Higher
See More Headlines

TCMD Price History

TCMD Company Calendar

Last Earnings
5/08/2023
Today
6/10/2023
Next Earnings (Estimated)
8/07/2023
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
988
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-17,870,000.00
Pretax Margin
-1.91%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
23,013,000
Market Cap
$558.69 million
Optionable
Optionable
Beta
1.19

Key Executives

  • Daniel L. ReuversDaniel L. Reuvers
    President, Chief Executive Officer & Director
  • Jerry A. Sauber
    Vice President-Operations
  • Elaine Birkemeyer
    Chief Financial Officer
  • Thomas F. O’Donnell
    Chief Medical Officer
  • Peter C. Schaubach
    Chief Information Officer













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?
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.

This page (NASDAQ:TCMD) was last updated on 6/10/2023 by MarketBeat.com Staff

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