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 EPS for the quarter, beating the 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 company's quarterly revenue was up 36.6% on a year-over-year basis. During the same period in the prior year, the business 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 target prices for Tactile Systems Technology's shares. Their forecasts range from $50.00 to $100.00. On average, they anticipate Tactile Systems Technology's stock price to reach $75.33 in the next twelve months. This suggests a possible upside of 12.8% 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 trended very negative on Thursday, InfoTrie reports. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Tactile Systems Technology earned a coverage optimism score of -3.1 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Tactile Systems Technology.

Tactile Systems Technology saw a increase in short interest in November. As of November 29th, there was short interest totalling 2,770,000 shares, an increase of 5.3% from the November 14th total of 2,630,000 shares. Based on an average trading volume of 194,000 shares, the days-to-cover ratio is presently 14.3 days. Currently, 15.3% of the company's stock are sold short. View Tactile Systems Technology's Current Options Chain.

Some companies that are related to Tactile Systems Technology include NuVasive (NUVA), ICU Medical (ICUI), 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), Shockwave Medical (SWAV), Silk Road Medical (SILK) and Cryolife (CRY).

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 initial public offering (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 acted as the underwriters for the IPO and BTIG was co-manager.

Tactile Systems Technology's stock is owned by many different 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%), Gilder Gagnon Howe & Co. LLC (0.41%) and Rhumbline Advisers (0.29%). 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 bought 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 $66.79.

Tactile Systems Technology has a market capitalization of $1.27 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]