NASDAQ:TCMD Tactile Systems Technology - TCMD Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Tactile Systems Technology, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $15.91 -0.04 (-0.25%) (As of 03/23/2023 04:00 PM ET) Add Compare Share Share Today's Range$15.61▼$16.5950-Day Range$12.03▼$16.1552-Week Range$6.28▼$21.62Volume193,873 shsAverage Volume220,573 shsMarket Capitalization$322.18 millionP/E RatioN/ADividend YieldN/APrice Target$23.33 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Tactile Systems Technology MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside47.1% Upside$23.33 Price TargetShort InterestHealthy1.69% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$208,799 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.12) to $0.38 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.98 out of 5 starsMedical Sector646th out of 986 stocksSurgical & Medical Instruments Industry62nd out of 100 stocks 3.5 Analyst's Opinion Consensus RatingTactile Systems Technology has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $23.33, Tactile Systems Technology has a forecasted upside of 47.1% from its current price of $15.86.Amount of Analyst CoverageTactile Systems Technology has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.69% of the outstanding shares of Tactile Systems Technology have been sold short.Short Interest Ratio / Days to CoverTactile Systems Technology has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Tactile Systems Technology has recently increased by 14.88%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldTactile Systems Technology does not currently pay a dividend.Dividend GrowthTactile Systems Technology does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TCMD. Previous Next 0.6 News and Social Media Coverage Search InterestOnly 6 people have searched for TCMD on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat Follows3 people have added Tactile Systems Technology to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Tactile Systems Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $208,799.00 in company stock.Percentage Held by InsidersOnly 3.50% of the stock of Tactile Systems Technology is held by insiders.Percentage Held by Institutions83.99% of the stock of Tactile Systems Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Tactile Systems Technology are expected to grow in the coming year, from ($0.12) to $0.38 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tactile Systems Technology is -17.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Tactile Systems Technology is -17.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioTactile Systems Technology has a P/B Ratio of 2.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Tactile Systems Technology (NASDAQ:TCMD) StockTactile Systems Technology, Inc. is a medical technology company. It develops and provides innovative medical devices for the treatment of chronic diseases at home. The firm focus on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures. The company was founded on January 30, 1995 and is headquartered in Minneapolis, MN.Read More Receive TCMD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tactile Systems Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address TCMD Stock News HeadlinesMarch 16, 2023 | americanbankingnews.comTactile Systems Technology (NASDAQ:TCMD) Earns Buy Rating from Analysts at StockNews.comMarch 2, 2023 | finance.yahoo.comTactile Medical to Present at Two Upcoming Conferences in MarchMarch 23, 2023 | Investing Daily (Ad)27 U.S. Cities Where Stocks Yield 26% a YearWhat’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. February 24, 2023 | seekingalpha.comTactile Systems launches stock offering, shares fall 12% after hoursFebruary 24, 2023 | finance.yahoo.comTactile Systems Technology, Inc. Announces Pricing of $32.5 Million Public Offering of Common StockFebruary 23, 2023 | msn.comTactile Systems launches stock offeringFebruary 23, 2023 | finance.yahoo.comTactile Systems Technology, Inc. Announces Proposed Public Offering of Common StockFebruary 23, 2023 | seekingalpha.comTactile Systems Technology, Inc. (TCMD) Q4 2022 Earnings Call TranscriptMarch 23, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.February 22, 2023 | finance.yahoo.comTactile Systems Technology, Inc. (NASDAQ:TCMD) On The Verge Of Breaking EvenFebruary 22, 2023 | finance.yahoo.comQ4 2022 Tactile Systems Technology Inc Earnings CallFebruary 21, 2023 | msn.comTactile Systems' CFO to retireFebruary 21, 2023 | msn.comTactile Systems Technology GAAP EPS of $0.23 beats by $0.09, revenue of $73.9M beats by $3.37MFebruary 21, 2023 | finance.yahoo.comTactile Systems Technology, Inc. Announces Chief Financial Officer to Retire in 2023February 21, 2023 | finance.yahoo.comTactile Systems Technology, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results; Introduces Full Year 2023 OutlookFebruary 21, 2023 | finance.yahoo.comTactile Systems Technology (TCMD) Q4 Earnings and Revenues Top EstimatesFebruary 1, 2023 | finance.yahoo.comTactile Medical to Release Fourth Quarter and Fiscal Year 2022 Financial Results on February 21, 2022January 22, 2023 | finance.yahoo.comWith 81% ownership, Tactile Systems Technology, Inc. (NASDAQ:TCMD) boasts of strong institutional backingJanuary 5, 2023 | finance.yahoo.comTactile Medical Appoints Carmen Volkart to Board of DirectorsJanuary 3, 2023 | finance.yahoo.comImplied Volatility Surging for Tactile Systems Technology (TCMD) Stock OptionsDecember 28, 2022 | finance.yahoo.comDespite Fast-paced Momentum, Tactile Systems Technology (TCMD) Is Still a Bargain StockDecember 22, 2022 | finance.yahoo.comTerex and Armstrong World Industries have been highlighted as Zacks Bull and Bear of the DayDecember 12, 2022 | finance.yahoo.comShareholders in Tactile Systems Technology (NASDAQ:TCMD) are in the red if they invested three years agoDecember 9, 2022 | seekingalpha.comTactile Systems: Lymphedema, Airway Clearance Markets AttractiveNovember 29, 2022 | finance.yahoo.comHere Is Why Bargain Hunters Would Love Fast-paced Mover Tactile Systems Technology (TCMD)November 28, 2022 | finance.yahoo.comWall Street Analysts Think Tactile Systems Technology (TCMD) Could Surge 168%: Read This Before Placing a BetNovember 22, 2022 | finance.yahoo.comTactile Medical to Participate in the Piper Sandler 34th Annual Healthcare ConferenceSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TCMD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Tactile Systems Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address TCMD Company Calendar Last Earnings2/21/2023Today3/23/2023Next Earnings (Estimated)5/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Surgical & medical instruments Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:TCMD CUSIPN/A CIK1027838 Webwww.tactilemedical.com Phone(612) 355-5100Fax866-435-3949Employees988Year FoundedN/APrice Target and Rating Average Stock Price Forecast$23.33 High Stock Price Forecast$27.00 Low Stock Price Forecast$18.00 Forecasted Upside/Downside+42.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.89) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-17,870,000.00 Net Margins-7.24% Pretax Margin-6.27% Return on Equity-3.11% Return on Assets-1.48% Debt Debt-to-Equity Ratio0.38 Current Ratio1.86 Quick Ratio1.50 Sales & Book Value Annual Sales$246.79 million Price / Sales1.34 Cash Flow$0.14 per share Price / Cash Flow117.66 Book Value$6.02 per share Price / Book2.71Miscellaneous Outstanding Shares20,250,000Free Float19,542,000Market Cap$330.68 million OptionableOptionable Beta1.20 Key ExecutivesDaniel L. ReuversPresident, Chief Executive Officer & DirectorJerry A. SauberVice President-OperationsBrent A. MoenChief Financial OfficerThomas F. O’DonnellChief Medical OfficerPeter C. SchaubachChief Information OfficerKey CompetitorsUtah Medical ProductsNASDAQ:UTMDAVITA MedicalNASDAQ:RCELAccurayNASDAQ:ARAYMiMedx GroupNASDAQ:MDXGInovio PharmaceuticalsNASDAQ:INOView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCBought 10,366 shares on 3/23/2023Ownership: 0.051%Brent MoenSold 1,391 sharesTotal: $19,613.10 ($14.10/share)Daniel L ReuversSold 6,387 sharesTotal: $97,529.49 ($15.27/share)Brent MoenSold 3,801 sharesTotal: $58,383.36 ($15.36/share)Kristie BurnsSold 2,162 sharesTotal: $33,273.18 ($15.39/share)View All Insider TransactionsView All Institutional Transactions TCMD Stock - Frequently Asked Questions Should I buy or sell Tactile Systems Technology stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TCMD shares. View TCMD analyst ratings or view top-rated stocks. What is Tactile Systems Technology's stock price forecast for 2023? 3 analysts have issued 1-year price targets for Tactile Systems Technology's stock. Their TCMD share price forecasts range from $18.00 to $27.00. On average, they predict the company's stock price to reach $23.33 in the next twelve months. This suggests a possible upside of 42.9% from the stock's current price. View analysts price targets for TCMD or view top-rated stocks among Wall Street analysts. How have TCMD shares performed in 2023? Tactile Systems Technology's stock was trading at $11.48 at the beginning of the year. Since then, TCMD shares have increased by 42.2% and is now trading at $16.33. View the best growth stocks for 2023 here. When is Tactile Systems Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023. View our TCMD earnings forecast. How were Tactile Systems Technology's earnings last quarter? Tactile Systems Technology, Inc. (NASDAQ:TCMD) released its quarterly earnings results on Tuesday, February, 21st. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.14 by $0.15. The business earned $73.90 million during the quarter, compared to analysts' expectations of $70.50 million. Tactile Systems Technology had a negative trailing twelve-month return on equity of 3.11% and a negative net margin of 7.24%. What ETFs hold Tactile Systems Technology's stock? ETFs with the largest weight of Tactile Systems Technology (NASDAQ:TCMD) stock in their portfolio include ROBO Global Healthcare Technology and Innovation ETF (HTEC), Invesco Nasdaq Future Gen 200 ETF (QQQS) and Principal Healthcare Innovators ETF (BTEC). What guidance has Tactile Systems Technology issued on next quarter's earnings? Tactile Systems Technology updated its FY 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $269.00 million-$273.00 million, compared to the consensus revenue estimate of $272.70 million. What is Dan Reuvers' approval rating as Tactile Systems Technology's CEO? 1 employees have rated Tactile Systems Technology Chief Executive Officer Dan Reuvers on Glassdoor.com. Dan Reuvers has an approval rating of 100% among the company's employees. This puts Dan Reuvers in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 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), InterDigital (IDCC), BlackRock (BLK), Bank of Hawaii (BOH), STAG Industrial (STAG), Chipotle Mexican Grill (CMG), Endologix (ELGX), Micron Technology (MU) and Vista Outdoor (VSTO). When did Tactile Systems Technology IPO? (TCMD) raised $40 million in an initial public offering (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. What is Tactile Systems Technology's stock symbol? Tactile Systems Technology trades on the NASDAQ under the ticker symbol "TCMD." Who are Tactile Systems Technology's major shareholders? Tactile Systems Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include Millennium Management LLC (3.83%), Morgan Stanley (3.02%), AQR Capital Management LLC (2.07%), Brandywine Global Investment Management LLC (2.02%), First Eagle Investment Management LLC (1.97%) and Geode Capital Management LLC (1.82%). Insiders that own company stock include Brent Moen, Bryan Rishe, Daniel L Reuvers, Gerald R Mattys, Kristie Burns and William W Burke. View institutional ownership trends. How do I buy shares of Tactile Systems Technology? Shares of TCMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Tactile Systems Technology's stock price today? One share of TCMD stock can currently be purchased for approximately $16.33. How much money does Tactile Systems Technology make? Tactile Systems Technology (NASDAQ:TCMD) has a market capitalization of $330.68 million and generates $246.79 million in revenue each year. The company earns $-17,870,000.00 in net income (profit) each year or ($0.89) on an earnings per share basis. How many employees does Tactile Systems Technology have? The company employs 988 workers across the globe. How can I contact Tactile Systems Technology? Tactile Systems Technology's mailing address is 3701 Wayzata Blvd Suite 300, MINNEAPOLIS MN, 55413. The official website for the company is www.tactilemedical.com. The company can be reached via phone at (612) 355-5100, via email at investorrelations@tactilemedical.com, or via fax at 866-435-3949. 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