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

3 Wall Street 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 research analysts is that investors should "buy" TCMD shares.
View TCMD analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued twelve-month price targets for Tactile Systems Technology's shares. Their TCMD share price forecasts range from $24.00 to $30.00. On average, they predict the company's share price to reach $27.33 in the next year. This suggests a possible upside of 17.8% from the stock's current price.
View analysts price targets for TCMD or view top-rated stocks among Wall Street analysts.

Tactile Systems Technology's stock was trading at $11.48 on January 1st, 2023. Since then, TCMD stock has increased by 102.2% and is now trading at $23.21.
View the best growth stocks for 2023 here.

Tactile Systems Technology saw a increase in short interest in the month of 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 trading volume of 279,100 shares, the short-interest ratio is presently 2.6 days.
View Tactile Systems Technology's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our TCMD earnings forecast.

Tactile Systems Technology, Inc. (NASDAQ:TCMD) issued its quarterly earnings data on Monday, May, 8th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.24. The firm earned $58.85 million during the quarter, compared to the consensus estimate 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%.

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),

Tactile Systems Technology issued an update on its FY 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share (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.

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 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.

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

Tactile Systems Technology's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.

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.

One share of TCMD stock can currently be purchased for approximately $23.21.

Tactile Systems Technology (NASDAQ:TCMD) has a market capitalization of $539.40 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.

The company employs 988 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.