NASDAQ:TCMD - Tactile Systems Technology Stock Price, Forecast & News

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

Tactile Systems Technology Inc (NASDAQ:TCMD) released its quarterly earnings results on Monday, November, 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.01. The business had revenue of $49.60 million for the quarter, compared to analyst estimates of $45.47 million. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 9.41%. The business's revenue for the quarter was up 36.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. View Tactile Systems Technology's Earnings History.

Tactile Systems Technology is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Tactile Systems Technology.

7 analysts have issued 12 month price targets for Tactile Systems Technology's shares. Their forecasts range from $50.00 to $100.00. On average, they expect Tactile Systems Technology's stock price to reach $73.67 in the next year. This suggests a possible upside of 17.4% from the stock's current price. View Analyst Price Targets for Tactile Systems Technology.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tactile Systems Technology.

Media stories about TCMD stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Tactile Systems Technology earned a media sentiment score of 1.3 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Tactile Systems Technology.

Tactile Systems Technology saw a drop in short interest in November. As of November 15th, there was short interest totalling 2,970,000 shares, a drop of 6.9% from the October 31st total of 3,190,000 shares. Based on an average daily trading volume, of 182,200 shares, the short-interest ratio is presently 16.3 days. Currently, 16.4% of the shares of the company are short sold. View Tactile Systems Technology's Current Options Chain.

Some companies that are related to Tactile Systems Technology include ICU Medical (ICUI), NuVasive (NUVA), Tandem Diabetes Care (TNDM), Nevro (NVRO), Cantel Medical (CMD), Glaukos (GKOS), Inspire Medical Systems (INSP), Irhythm Technologies (IRTC), Merit Medical Systems (MMSI), Cardiovascular Systems (CSII), Atrion (ATRI), AtriCure (ATRC), Silk Road Medical (SILK), Shockwave Medical (SWAV) and Luminex (LMNX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Tactile Systems Technology investors own include Sangamo Therapeutics (SGMO), CA (CA), BlackRock (BLK), InterDigital Wireless (IDCC), Bank of Hawaii (BOH), Endologix (ELGX), Chipotle Mexican Grill (CMG), Stag Industrial (STAG), BJ's Restaurants (BJRI) and Aegean Marine Petroleum Network (ANW).

(TCMD) raised $40 million in an 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.

Tactile Systems Technology's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (3.39%), Peregrine Capital Management LLC (2.81%), Russell Investments Group Ltd. (0.95%), Calamos Advisors LLC (0.53%), Rhumbline Advisers (0.29%) and First Trust Advisors LP (0.28%). Company insiders that own Tactile Systems Technology stock include Brent Moen, Bryan Rishe, Cheryl Pegus, Gerald R Mattys, Jordan Davis, Kevin H Roche, Lynn Larson Blake, Maggie Thompson, Richard Nigon, Robert J Folkes and William W Burke. View Institutional Ownership Trends for Tactile Systems Technology.

TCMD stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Columbus Circle Investors, Millennium Management LLC, Lisanti Capital Growth LLC, Carlson Capital Management, Squarepoint Ops LLC, Perkins Capital Management Inc. and CIBC Private Wealth Group LLC. Company insiders that have sold Tactile Systems Technology company stock in the last year include Bryan Rishe, Gerald R Mattys, Kevin H Roche, Maggie Thompson, Richard Nigon, Robert J Folkes and William W Burke. View Insider Buying and Selling for Tactile Systems Technology.

TCMD stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Peregrine Capital Management LLC, California Public Employees Retirement System, Calamos Advisors LLC, First Trust Advisors LP, State of Alaska Department of Revenue, BBVA USA Bancshares Inc. and New York State Teachers Retirement System. Company insiders that have bought Tactile Systems Technology stock in the last two years include Brent Moen and Cheryl Pegus. View Insider Buying and Selling for Tactile Systems Technology.

Shares of TCMD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TCMD stock can currently be purchased for approximately $62.74.

Tactile Systems Technology has a market capitalization of $1.19 billion and generates $143.75 million in revenue each year. The company earns $6.62 million in net income (profit) each year or $0.34 on an earnings per share basis. Tactile Systems Technology employs 499 workers across the globe.View Additional Information About Tactile Systems Technology.

The official website for Tactile Systems Technology is http://www.tactilemedical.com/.

Tactile Systems Technology's mailing address is 3701 Wayzata Blvd Suite 300, MINNEAPOLIS MN, 55416. The company can be reached via phone at 612-355-5100 or via email at [email protected]