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Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
Bank Collapse Causes Gold Prices to Soar (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress
Bank Collapse Causes Gold Prices to Soar (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
Sell every Stock except ONE (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
Bank Collapse Causes Gold Prices to Soar (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress
Bank Collapse Causes Gold Prices to Soar (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
Sell every Stock except ONE (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
China's 1st domestically made passenger plane completes maiden commercial flight
Bank Collapse Causes Gold Prices to Soar (Ad)
In Nigeria’s hard-hit north, families seek justice as armed groups seek control
Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress
Bank Collapse Causes Gold Prices to Soar (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
Sell every Stock except ONE (Ad)
'Succession' fans brace for series finale of Emmy-winning hit drama
Turkey's Erdogan wins another term as president, extends rule into 3rd decade
NASDAQ:TCMD

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

$19.79
-0.03 (-0.15%)
(As of 05/26/2023 ET)
Compare
Today's Range
$19.63
$20.13
50-Day Range
$15.50
$22.24
52-Week Range
$6.28
$22.47
Volume
119,343 shs
Average Volume
289,031 shs
Market Capitalization
$459.92 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
38.1% Upside
$27.33 Price Target
Short Interest
Healthy
3.09% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.60mentions of Tactile Systems Technology in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$130,456 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.12 out of 5 stars

Medical Sector

509th out of 1,012 stocks

Surgical & Medical Instruments Industry

53rd out of 105 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

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Tactile Systems Technology (NASDAQ:TCMD) Trading 5% Higher
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
TCMD Tactile Systems Technology, Inc.
See More Headlines
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TCMD Company Calendar

Last Earnings
5/08/2023
Today
5/28/2023
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
+38.1%
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
$6.72 per share

Miscellaneous

Free Float
23,013,000
Market Cap
$459.92 million
Optionable
Optionable
Beta
1.23

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 Wall Street research analysts have issued twelve-month target prices 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 twelve months. This suggests a possible upside of 38.1% 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 72.4% and is now trading at $19.79.
View the best growth stocks for 2023 here
.

Are investors shorting Tactile Systems Technology?

Tactile Systems Technology saw a increase in short interest in May. As of May 15th, there was short interest totaling 719,000 shares, an increase of 81.2% from the April 30th total of 396,800 shares. Based on an average daily trading volume, of 279,100 shares, the short-interest ratio is presently 2.6 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, 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) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.24. The business had revenue of $58.85 million for the quarter, compared to analysts' expectations of $54.32 million. Tactile Systems Technology had a positive trailing twelve-month return on equity of 3.28% and a negative net margin of 1.62%.

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), Principal Healthcare Innovators ETF (BTEC),

What guidance has Tactile Systems Technology issued on next quarter's earnings?

Tactile Systems Technology updated its FY 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share 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 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 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 a number of retail and institutional 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 $19.79.

How much money does Tactile Systems Technology make?

Tactile Systems Technology (NASDAQ:TCMD) has a market capitalization of $459.92 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 5/28/2023 by MarketBeat.com Staff

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