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NASDAQ:TCMD

Tactile Systems Technology - TCMD Stock Forecast, Price & News

$15.91
-0.04 (-0.25%)
(As of 03/23/2023 04:00 PM ET)
Add
Compare
Today's Range
$15.61
$16.59
50-Day Range
$12.03
$16.15
52-Week Range
$6.28
$21.62
Volume
193,873 shs
Average Volume
220,573 shs
Market Capitalization
$322.18 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.33

Tactile Systems Technology MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
47.1% Upside
$23.33 Price Target
Short Interest
Healthy
1.69% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$208,799 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.12) to $0.38 Per Share

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 stars

Medical Sector

646th out of 986 stocks

Surgical & Medical Instruments Industry

62nd out of 100 stocks


TCMD stock logo

About Tactile Systems Technology (NASDAQ:TCMD) Stock

Tactile 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.

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TCMD Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’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. pixel
Tactile Systems launches stock offering
BREAKING: Tiny biotech successfully treats blindness
There'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.
Q4 2022 Tactile Systems Technology Inc Earnings Call
Tactile Systems' CFO to retire
See More Headlines
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TCMD Company Calendar

Last Earnings
2/21/2023
Today
3/23/2023
Next Earnings (Estimated)
5/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:TCMD
Employees
988
Year Founded
N/A

Price 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 Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-17,870,000.00
Pretax Margin
-6.27%

Debt

Sales & Book Value

Annual Sales
$246.79 million
Cash Flow
$0.14 per share
Book Value
$6.02 per share

Miscellaneous

Free Float
19,542,000
Market Cap
$330.68 million
Optionable
Optionable
Beta
1.20

Key Executives

  • Daniel L. ReuversDaniel L. Reuvers
    President, Chief Executive Officer & Director
  • Jerry A. Sauber
    Vice President-Operations
  • Brent A. Moen
    Chief Financial Officer
  • Thomas F. O’Donnell
    Chief Medical Officer
  • Peter C. Schaubach
    Chief Information Officer













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.

This page (NASDAQ:TCMD) was last updated on 3/23/2023 by MarketBeat.com Staff