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 data 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 firm earned $49.60 million during the quarter, compared to analysts' expectations of $45.47 million. Tactile Systems Technology had a return on equity of 9.41% and a net margin of 5.06%. Tactile Systems Technology's revenue was up 36.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 Wall Street analysts have issued twelve-month price targets for Tactile Systems Technology's shares. Their forecasts range from $50.00 to $100.00. On average, they anticipate Tactile Systems Technology's share price to reach $73.67 in the next twelve months. This suggests a possible upside of 17.0% 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.

Press coverage about TCMD stock has been trending very negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Tactile Systems Technology earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely 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 decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,970,000 shares, a decrease of 6.9% from the October 31st total of 3,190,000 shares. Based on an average trading volume of 182,200 shares, the short-interest ratio is currently 16.3 days. Approximately 16.4% of the shares of the stock 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 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's stock is owned by many different of institutional and retail investors. Top institutional shareholders 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 $62.95.

Tactile Systems Technology has a market capitalization of $1.20 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]