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NASDAQ:TCMD

Tactile Systems Technology - TCMD Stock Forecast, Price & News

$7.75
+0.34 (+4.59%)
(As of 09/27/2022 10:00 AM ET)
Add
Compare
Today's Range
$7.56
$7.81
50-Day Range
$7.23
$10.75
52-Week Range
$6.28
$46.41
Volume
478 shs
Average Volume
170,749 shs
Market Capitalization
$156.01 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.33

Tactile Systems Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
214.9% Upside
$23.33 Price Target
Short Interest
Bearish
8.65% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$44,835 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.57) to ($0.06) Per Share

Overall MarketRank

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

1.79 out of 5 stars

Medical Sector

868th out of 1,071 stocks

Surgical & Medical Instruments Industry

91st out of 106 stocks

TCMD stock logo

About Tactile Systems Technology (NASDAQ:TCMD) Stock

Tactile Systems Technology, Inc., a medical technology company, engages in the development and provision of medical devices for chronic diseases in the United States. The company offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre system, a portable pneumatic compression device that is used for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers; and AffloVest, a portable high frequency chest wall oscillation test 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.

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TCMD Stock News Headlines

Tactile Systems Technology, Inc. (TCMD)
Tactile Systems Technology: Q4 Earnings Snapshot
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TCMD Company Calendar

Last Earnings
8/01/2022
Today
9/27/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

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
$23.33
High Stock Price Forecast
$27.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+201.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-11,810,000.00
Pretax Margin
-8.17%

Debt

Sales & Book Value

Annual Sales
$208.06 million
Book Value
$6.47 per share

Miscellaneous

Free Float
19,427,000
Market Cap
$156.01 million
Optionable
Optionable
Beta
1.45

Key Executives

  • Mr. Daniel L. ReuversMr. Daniel L. Reuvers (Age 59)
    Pres, CEO & Director
    Comp: $576.95k
  • Mr. Brent A. Moen (Age 55)
    Chief Financial Officer
    Comp: $402.34k
  • Ms. Kristie T. Burns (Age 50)
    Sr. VP of Marketing & Clinical Affairs
    Comp: $322.27k
  • Mr. Eric C. Pauls (Age 47)
    Sr. VP of Sales
    Comp: $390k
  • Mr. Jerry A. Sauber
    VP of Operations
  • Mr. Peter C. Schaubach
    Chief Information Officer
  • Ms. Sunday J. Hoy
    VP & Compliance Officer
  • Ms. Juleen F. Krings
    Chief HR Officer
  • Mr. Thomas F. O'Donnell Jr.
    M.D., Chief Medical Officer & Member of Vascular Strategic Advisory Board













TCMD Stock - Frequently Asked Questions

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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last year. 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.

What is Tactile Systems Technology's stock price forecast for 2022?

3 equities research analysts have issued 1 year target prices for Tactile Systems Technology's stock. Their TCMD share price forecasts range from $18.00 to $27.00. On average, they expect the company's share price to reach $23.33 in the next twelve months. This suggests a possible upside of 201.1% 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 2022?

Tactile Systems Technology's stock was trading at $19.03 at the start of the year. Since then, TCMD stock has decreased by 59.3% and is now trading at $7.75.
View the best growth stocks for 2022 here
.

When is Tactile Systems Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our TCMD earnings forecast
.

How were Tactile Systems Technology's earnings last quarter?

Tactile Systems Technology, Inc. (NASDAQ:TCMD) announced its earnings results on Monday, August, 1st. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.02. The firm earned $59.65 million during the quarter, compared to analysts' expectations of $56.91 million. Tactile Systems Technology had a negative trailing twelve-month return on equity of 15.08% and a negative net margin of 14.00%.

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

Tactile Systems Technology updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $238.00 million-$242.00 million, compared to the consensus revenue estimate of $237.34 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 variety of institutional and retail investors. Top institutional investors include Millennium Management LLC (4.84%), Healthcare of Ontario Pension Plan Trust Fund (2.82%), Point72 Asset Management L.P. (2.11%), Renaissance Technologies LLC (2.03%), State Street Corp (1.94%) and Citadel Advisors LLC (1.41%). Insiders that own company stock include Brent Moen, Bryan Rishe, Daniel L Reuvers, Gerald R Mattys, Kristie Burns, Robert J Folkes 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 $7.75.

How much money does Tactile Systems Technology make?

Tactile Systems Technology (NASDAQ:TCMD) has a market capitalization of $156.01 million and generates $208.06 million in revenue each year. The company earns $-11,810,000.00 in net income (profit) each year or ($1.56) 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 9/27/2022 by MarketBeat.com Staff

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