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

$55.40
+1.84 (+3.44 %)
(As of 06/19/2019 06:00 AM ET)
Today's Range
$53.80
Now: $55.40
$55.85
50-Day Range
$47.81
MA: $51.64
$57.96
52-Week Range
$37.40
Now: $55.40
$76.63
Volume131,592 shs
Average Volume274,276 shs
Market Capitalization$1.04 billion
P/E Ratio162.94
Dividend YieldN/A
Beta1.96
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$0.5773 per share
Book Value$4.83 per share

Profitability

Net Income$6.62 million

Miscellaneous

Employees499
Market Cap$1.04 billion
Next Earnings Date8/5/2019 (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) announced its quarterly earnings results on Monday, May, 6th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.20. The business earned $37.60 million during the quarter, compared to analysts' expectations of $33.30 million. Tactile Systems Technology had a return on equity of 8.17% and a net margin of 5.27%. The business's quarterly revenue was up 40.3% on a year-over-year basis. 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, August 5th 2019. View Earnings Estimates for Tactile Systems Technology.

What price target have analysts set for TCMD?

6 brokers have issued 12 month target prices for Tactile Systems Technology's stock. Their forecasts range from $50.00 to $100.00. On average, they anticipate Tactile Systems Technology's stock price to reach $78.80 in the next twelve months. This suggests a possible upside of 42.2% 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 2 hold ratings and 4 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. " (5/11/2019)
  • 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 headlines about TCMD stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news 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 news sentiment score of -3.1 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View News Stories for Tactile Systems Technology.

Are investors shorting Tactile Systems Technology?

Tactile Systems Technology saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 3,559,800 shares, an increase of 7.0% from the April 30th total of 3,327,300 shares. Based on an average trading volume of 300,800 shares, the short-interest ratio is presently 11.8 days. Approximately 20.4% of the company's shares are short sold. View Tactile Systems Technology's Current Options Chain.

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), Bank of Hawaii (BOH), Endologix (ELGX), InterDigital Wireless (IDCC), Chipotle Mexican Grill (CMG), BJ's Restaurants (BJRI), Aegean Marine Petroleum Network (ANW) and Stag Industrial (STAG).

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 initial public offering 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.

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 shareholders include Janus Henderson Group PLC (4.46%), Peregrine Capital Management LLC (2.25%), Marshall Wace LLP (1.76%), Artisan Partners Limited Partnership (1.39%), Fort Washington Investment Advisors Inc. OH (1.34%) and Gilder Gagnon Howe & Co. LLC (0.59%). Company insiders that own Tactile Systems Technology stock include Brent Moen, Bryan Rishe, Cheryl Pegus, Galen Partners V Lp, 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 Peregrine Capital Management LLC, Gilder Gagnon Howe & Co. LLC, Fort Washington Investment Advisors Inc. OH, SG Americas Securities LLC, Columbus Circle Investors, Rice Hall James & Associates LLC, Timpani Capital Management LLC and Royce & Associates LP. Company insiders that have sold Tactile Systems Technology company stock in the last year include Bryan Rishe, Gerald R Mattys, Kevin H Roche, Lynn Larson Blake, 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 bought by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Janus Henderson Group PLC, Great Lakes Advisors LLC, Virtu Financial LLC, Rehmann Capital Advisory Group, Dynamic Technology Lab Private Ltd, NumerixS Investment Technologies Inc and Miles Capital Inc.. 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 $55.40.

How big of a company is Tactile Systems Technology?

Tactile Systems Technology has a market capitalization of $1.04 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.

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:  252 (Vote Outperform)
Underperform Votes:  177 (Vote Underperform)
Total Votes:  429
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 6/19/2019 by MarketBeat.com Staff

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