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

$51.44
+2.34 (+4.77 %)
(As of 08/18/2019 04:00 PM ET)
Today's Range
$48.84
Now: $51.44
$51.6350
50-Day Range
$49.04
MA: $54.20
$57.66
52-Week Range
$37.40
Now: $51.44
$76.63
Volume108,400 shs
Average Volume220,717 shs
Market Capitalization$968.62 million
P/E Ratio151.29
Dividend YieldN/A
Beta1.98
Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients. It also provides Entré 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 Airwear Gradient Compression Wrap management of venous insufficiency, venous hypertension, venous ulcerations and lymphedema under the trade name Aero-Wrap. Read More…

Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:TCMD
CUSIPN/A
Phone612-355-5100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$143.75 million
Cash Flow$0.5816 per share
Book Value$5.26 per share

Profitability

Net Income$6.62 million

Miscellaneous

Employees499
Market Cap$968.62 million
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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Tactile Systems Technology (NASDAQ:TCMD) Frequently Asked Questions

What is Tactile Systems Technology's stock symbol?

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

How were Tactile Systems Technology's earnings last quarter?

Tactile Systems Technology Inc (NASDAQ:TCMD) posted its quarterly earnings data on Monday, August, 5th. The company reported $0.14 EPS for the quarter, beating the Zacks' consensus estimate of $0.05 by $0.09. The business had revenue of $45.20 million for the quarter, compared to analyst estimates of $42.60 million. Tactile Systems Technology had a net margin of 5.05% and a return on equity of 9.19%. The business's revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. View Tactile Systems Technology's Earnings History.

When is Tactile Systems Technology's next earnings date?

Tactile Systems Technology is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Tactile Systems Technology.

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

Tactile Systems Technology updated its FY 2019 earnings guidance on Monday, August, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $182-184 million, compared to the consensus revenue estimate of $182.06 million.

What price target have analysts set for TCMD?

6 brokers have issued 12 month target prices for Tactile Systems Technology's shares. Their forecasts range from $50.00 to $100.00. On average, they expect Tactile Systems Technology's share price to reach $76.00 in the next year. This suggests a possible upside of 47.7% from the stock's current price. View Analyst Price Targets for Tactile Systems Technology.

What is the consensus analysts' recommendation for Tactile Systems Technology?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tactile Systems Technology.

What are Wall Street analysts saying about Tactile Systems Technology stock?

Here are some recent quotes from research analysts about Tactile Systems Technology stock:
  • 1. According to Zacks Investment Research, "Tactile Systems Technology, Inc. is a medical technology company which develops medical devices for the treatment of chronic diseases at home. The company's product pipeline consists of Flexitouch System(R), the Entré System and the ACTitouch System (R). Tactile Systems Technology, Inc. is headquartered in Minneapolis, Minnesota. " (8/8/2019)
  • 2. Northland Securities analysts commented, "We confess, as much as our we would like to opine on the details of the allegations, we simply state what has been alleged. We also present the commentary presented to us by Tactile Medical. Suffice it to say, there will be a tug of war for some time moving forward." (3/22/2019)
  • 3. BTIG Research analysts commented, "Medical reported a Q4 beat and set 2019 guidance ~$4M above consensus. However, the reported beat came with more sales reps to finish 2018 and higher operating expense than we forecasted. This seems to underscore the TCMD story – steep growth driven in part by opex increases and increased salesforce hiring. This is expected to continue into 2019, with management looking to increase sales rep headcount by ~20% and grow sales by 20-22% y/y. We would not be surprised by beats throughout the year, as we feel the company’s history and underlying factors—such as momentum with the VA, more feet on the street, and continued volume uplift from last year’s large payor contract enabling in-network direct patient access—make this more likely than not. Despite anticipated beats and raises, we maintain our Neutral rating based on valuation." (3/5/2019)

Has Tactile Systems Technology been receiving favorable news coverage?

Media stories about TCMD stock have been trending negative this week, InfoTrie reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tactile Systems Technology earned a news sentiment score of -2.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Tactile Systems Technology.

Who are some of Tactile Systems Technology's key competitors?

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), 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).

Who are Tactile Systems Technology's key executives?

Tactile Systems Technology's management team includes the folowing people:
  • Mr. Gerald R. Mattys, CEO & Director (Age 59)
  • Mr. Brent A. Moen, Chief Financial Officer (Age 52)
  • Mr. Robert J. Folkes, Chief Operating Officer (Age 56)
  • Mr. Bryan F. Rishe, Sr. VP of Sales (Age 63)
  • Ms. Mary M. Thompson, Sr. VP of Reimbursement & Payer Relations (Age 60)

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 acted as the underwriters for the IPO and BTIG was co-manager.

Who are Tactile Systems Technology's major shareholders?

Tactile Systems Technology's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.86%), Waddell & Reed Financial Inc. (7.16%), Vanguard Group Inc. (5.84%), Janus Henderson Group PLC (4.72%), Janus Henderson Group PLC (4.72%) and Peregrine Capital Management LLC (2.47%). 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, Radius Venture Partners Iii, L, Robert J Folkes and William W Burke. View Institutional Ownership Trends for Tactile Systems Technology.

Which institutional investors are selling Tactile Systems Technology stock?

TCMD stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Invesco Ltd., AXA, BlackRock Inc., Bank of America Corp DE, Marshall Wace LLP, Cubist Systematic Strategies LLC and Morgan Stanley. 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, Robert J Folkes and William W Burke. View Insider Buying and Selling for Tactile Systems Technology.

Which institutional investors are buying Tactile Systems Technology stock?

TCMD stock was purchased by a variety of institutional investors in the last quarter, including Waddell & Reed Financial Inc., Nuveen Asset Management LLC, Calamos Advisors LLC, Wasatch Advisors Inc., Janus Henderson Group PLC, Janus Henderson Group PLC, Cortina Asset Management LLC and Peregrine Capital Management LLC. 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.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Tactile Systems Technology's stock price today?

One share of TCMD stock can currently be purchased for approximately $51.44.

How big of a company is Tactile Systems Technology?

Tactile Systems Technology has a market capitalization of $968.62 million 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.

What is Tactile Systems Technology's official website?

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

How can I contact Tactile Systems Technology?

Tactile Systems Technology's mailing address is 1331 TYLER STREET NE SUITE 200, MINNEAPOLIS MN, 55413. The company can be reached via phone at 612-355-5100 or via email at [email protected]


MarketBeat Community Rating for Tactile Systems Technology (NASDAQ TCMD)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  265 (Vote Outperform)
Underperform Votes:  188 (Vote Underperform)
Total Votes:  453
MarketBeat's community ratings are surveys of what our community members think about Tactile Systems Technology and other stocks. Vote "Outperform" if you believe TCMD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TCMD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/18/2019 by MarketBeat.com Staff

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