NASDAQ:TCMD Tactile Systems Technology (TCMD) Stock Forecast, Price & News $13.41 +0.46 (+3.55%) (As of 03:46 PM ET) Add Compare Share Share Today's Range$12.86▼$13.4650-Day Range$12.95▼$25.4152-Week Range$6.52▼$26.11Volume316,211 shsAverage Volume280,597 shsMarket Capitalization$314.60 millionP/E Ratio447.00Dividend YieldN/APrice Target$29.33 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Tactile Systems Technology MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside118.4% Upside$29.33 Price TargetShort InterestHealthy2.24% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$21,803 Sold Last QuarterProj. Earnings Growth140.00%From $0.15 to $0.36 Per ShareSee Full Details Hide Full Details 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 starsMedical Sector276th out of 961 stocksSurgical & Medical Instruments Industry34th out of 98 stocks 3.5 Analyst's Opinion Consensus RatingTactile Systems Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.33, Tactile Systems Technology has a forecasted upside of 118.4% from its current price of $13.43.Amount of Analyst CoverageTactile Systems Technology has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.24% of the outstanding shares of Tactile Systems Technology have been sold short.Short Interest Ratio / Days to CoverTactile Systems Technology has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tactile Systems Technology has recently increased by 35.11%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldTactile Systems Technology does not currently pay a dividend.Dividend GrowthTactile Systems Technology does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TCMD. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Tactile Systems Technology this week, compared to 1 article on an average week.Search Interest1 people have searched for TCMD on MarketBeat in the last 30 days. MarketBeat Follows2 people have added Tactile Systems Technology to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tactile Systems Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $21,803.00 in company stock.Percentage Held by InsidersOnly 3.50% of the stock of Tactile Systems Technology is held by insiders.Percentage Held by Institutions85.97% of the stock of Tactile Systems Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Tactile Systems Technology are expected to grow by 140.00% in the coming year, from $0.15 to $0.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tactile Systems Technology is 447.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 118.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Tactile Systems Technology is 447.67, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 118.70.Price to Book Value per Share RatioTactile Systems Technology has a P/B Ratio of 2.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tactile Systems Technology (NASDAQ:TCMD) StockTactile 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.Read More TCMD Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart TCMD Stock News HeadlinesSeptember 19, 2023 | americanbankingnews.comTactile Systems Technology (NASDAQ:TCMD) Upgraded by StockNews.com to "Strong-Buy"September 7, 2023 | finance.yahoo.comTactile Medical to Participate in Two Upcoming Conferences in SeptemberSeptember 25, 2023 | UNKNOWN (Ad)As AI Explodes this Company Could SkyrocketA game-changing device expected to hit the market soon may put this AI company on the map.August 31, 2023 | finance.yahoo.comTactile Medical to Present at the 2023 Wells Fargo Healthcare ConferenceAugust 10, 2023 | finance.yahoo.comTactile Systems Technology, Inc. (NASDAQ:TCMD) Q2 2023 Earnings Call TranscriptAugust 8, 2023 | finance.yahoo.comTactile Systems Technology, Inc. Reports Second Quarter 2023 Financial Results; Updates Full Year 2023 OutlookAugust 8, 2023 | finance.yahoo.comTactile Systems Technology (TCMD) Q2 Earnings and Revenues Beat EstimatesJuly 29, 2023 | fool.comTactile Systems Technology (NASDAQ: TCMD)September 25, 2023 | Behind the Markets (Ad)[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 >>>July 21, 2023 | finance.yahoo.comTactile Systems Technology (NASDAQ:TCMD) shareholders are still up 209% over 1 year despite pulling back 9.6% in the past weekJuly 18, 2023 | finance.yahoo.comTactile Medical Appoints Sherri Ferstler as Senior Vice President of SalesJuly 7, 2023 | finance.yahoo.comWith 86% ownership of the shares, Tactile Systems Technology, Inc. (NASDAQ:TCMD) is heavily dominated by institutional ownersJune 29, 2023 | finance.yahoo.comTactile Medical to Release Second Quarter of Fiscal Year 2023 Financial Results on August 7, 2023June 9, 2023 | finance.yahoo.comWhat Is Tactile Systems Technology, Inc.'s (NASDAQ:TCMD) Share Price Doing?May 30, 2023 | markets.businessinsider.comAnalysts Are Bullish on These Technology Stocks: Tactile Systems Technology (TCMD), Broadcom (AVGO)May 26, 2023 | finance.yahoo.comTactile Systems Technology (NASDAQ:TCMD) Could Be Struggling To Allocate CapitalMay 25, 2023 | seekingalpha.comTactile Systems: Lymphedema, AffloVest Markets Continue Adding ValueMay 23, 2023 | finance.yahoo.comTactile Medical to Present at the William Blair 43rd Annual Growth Stock ConferenceMay 12, 2023 | msn.comOppenheimer Maintains Tactile Systems Technology (TCMD) Outperform RecommendationMay 10, 2023 | finance.yahoo.comTactile Systems Technology First Quarter 2023 Earnings: Beats ExpectationsMay 9, 2023 | finance.yahoo.comQ1 2023 Tactile Systems Technology Inc Earnings CallMay 9, 2023 | finance.yahoo.comTactile Systems Q1 Earnings Show Path to Revenue Growth, Profitability, Analyst SaysMay 9, 2023 | markets.businessinsider.comBTIG Sticks to Its Buy Rating for Tactile Systems Technology (TCMD)May 8, 2023 | seekingalpha.comTactile Systems Technology, Inc. (TCMD) Q1 2023 Earnings Call TranscriptMay 8, 2023 | msn.comTactile Systems Technology Q1 results beat estimates, co raises FY 2023 revenue guidanceMay 8, 2023 | finance.yahoo.comTactile Systems Technology, Inc. Reports First Quarter 2023 Financial Results; Raises Full Year 2023 OutlookApril 26, 2023 | seekingalpha.comTCMD Tactile Systems Technology, Inc.See More Headlines Receive TCMD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tactile Systems Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address TCMD Company Calendar Last Earnings8/07/2023Today9/25/2023Next Earnings (Estimated)11/06/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Surgical & medical instruments Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:TCMD CUSIPN/A CIK1027838 Webwww.tactilemedical.com Phone(612) 355-5100Fax866-435-3949Employees982Year FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.03 Trailing P/E Ratio432.67 Forward P/E Ratio86.53 P/E GrowthN/ANet Income$-17,870,000.00 Net Margins0.13% Pretax Margin0.36% Return on Equity5.89% Return on Assets3.08% Debt Debt-to-Equity Ratio0.28 Current Ratio3.08 Quick Ratio2.66 Sales & Book Value Annual Sales$246.79 million Price / Sales1.23 Cash Flow$0.13 per share Price / Cash Flow98.31 Book Value$6.02 per share Price / Book2.16Miscellaneous Outstanding Shares23,460,000Free Float22,640,000Market Cap$304.51 million OptionableOptionable Beta1.20 The Best High-Yield Dividend Stocks for 2023Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Daniel L. Reuvers (Age 60)Pres, CEO & Director Comp: $1.22MMs. Kristie T. Burns (Age 51)Sr. VP of Marketing & Clinical Affairs Comp: $538.82kMs. Elaine M. BirkemeyerChief Financial OfficerMr. Jerry A. SauberSr. VP of Manufacturing, Operations, R&DMr. John David KaercherChief Information OfficerMs. Sunday J. Hoy Esq.VP & Compliance OfficerMs. Sherri FerstlerSr. VP of SalesJanelle M. StropChief Human Resource OfficerDr. Antonios P. Gasparis F.A.C.S.M.D., Chief Medical Officer & Member of Vascular Strategic Advisory BoardRachel L. GustadSr. VP of Commercial OperationsMore ExecutivesKey CompetitorsCVRxNASDAQ:CVRXUtah Medical ProductsNASDAQ:UTMDAngioDynamicsNASDAQ:ANGOCerusNASDAQ:CERSOrchestra BioMedNASDAQ:OBIOView All CompetitorsInsiders & InstitutionsBarclays PLCSold 19,872 shares on 9/21/2023Ownership: 0.071%Portside Wealth Group LLCBought 88,326 shares on 9/1/2023Ownership: 0.376%Perceptive Advisors LLCSold 37,500 shares on 8/24/2023Ownership: 2.568%Osaic Holdings Inc.Bought 97,743 shares on 8/21/2023Ownership: 0.421%Legato Capital Management LLCBought 18,630 shares on 8/18/2023Ownership: 0.079%View All Insider TransactionsView All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Tactile Systems Technology, Inc. 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