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NASDAQ:TCMDTactile Systems Technology Stock Price, Forecast & News

$52.84
+1.03 (+1.99 %)
(As of 05/28/2020 04:00 PM ET)
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Today's Range
$51.83
Now: $52.84
$53.57
50-Day Range
$42.57
MA: $49.54
$55.26
52-Week Range
$29.47
Now: $52.84
$71.65
Volume252,800 shs
Average Volume202,053 shs
Market Capitalization$1.02 billion
P/E Ratio128.88
Dividend YieldN/A
Beta2.06
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. The company was founded in 1995 and is headquartered in Minneapolis, Minnesota.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.57 out of 5 stars


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$189.49 million
Cash Flow$0.80 per share
Book Value$5.88 per share

Profitability

Net Income$10.97 million

Miscellaneous

Employees499
Market Cap$1.02 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Tactile Systems Technology (NASDAQ:TCMD) Frequently Asked Questions

How has Tactile Systems Technology's stock been impacted by COVID-19 (Coronavirus)?

Tactile Systems Technology's stock was trading at $42.58 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, TCMD stock has increased by 24.1% and is now trading at $52.84. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Tactile Systems Technology's next earnings date?

Tactile Systems Technology is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Tactile Systems Technology.

How were Tactile Systems Technology's earnings last quarter?

Tactile Systems Technology Inc (NASDAQ:TCMD) posted its earnings results on Monday, May, 4th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.05. The company earned $43.68 million during the quarter, compared to analyst estimates of $43.65 million. Tactile Systems Technology had a return on equity of 7.65% and a net margin of 4.19%. View Tactile Systems Technology's earnings history.

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

Tactile Systems Technology issued an update on its first quarter 2020 After-Hours earnings guidance on Monday, April, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $43-44 million, compared to the consensus revenue estimate of $43.95 million.

What price target have analysts set for TCMD?

6 equities research analysts have issued 1-year price targets for Tactile Systems Technology's stock. Their forecasts range from $62.00 to $80.00. On average, they anticipate Tactile Systems Technology's share price to reach $69.00 in the next twelve months. This suggests a possible upside of 30.6% from the stock's current price. View analysts' price targets for Tactile Systems Technology.

Has Tactile Systems Technology been receiving favorable news coverage?

Headlines about TCMD stock have trended very negative on Friday, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Tactile Systems Technology earned a media sentiment score of -3.4 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutTactile Systems Technology.

Are investors shorting Tactile Systems Technology?

Tactile Systems Technology saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,460,000 shares, an increase of 5.1% from the April 15th total of 2,340,000 shares. Based on an average daily trading volume, of 197,600 shares, the days-to-cover ratio is currently 12.4 days. Currently, 13.4% of the company's stock 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), InterDigital Wireless (IDCC), Bank of Hawaii (BOH), Chipotle Mexican Grill (CMG), Endologix (ELGX), Stag Industrial (STAG), Micron Technology (MU) and NVIDIA (NVDA).

Who are Tactile Systems Technology's key executives?

Tactile Systems Technology's management team includes the following 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 served 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 BlackRock Inc. (15.01%), Fred Alger Management LLC (9.72%), Waddell & Reed Financial Inc. (7.14%), Alliancebernstein L.P. (5.16%), State Street Corp (3.60%) and Silvercrest Asset Management Group LLC (2.02%). Company insiders that own Tactile Systems Technology stock include Brent Moen, Bryan Rishe, Gerald R Mattys, 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.

Which institutional investors are selling Tactile Systems Technology stock?

TCMD stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Peregrine Capital Management LLC, New York State Common Retirement Fund, Alliancebernstein L.P., BlackRock Inc., WINTON GROUP Ltd, Calamos Advisors LLC, and Nuveen Asset Management LLC. Company insiders that have sold Tactile Systems Technology company stock in the last year include Brent Moen, Bryan Rishe, Gerald R Mattys, Kevin H Roche, Richard Nigon, Robert J Folkes, and William W Burke. View insider buying and selling activity 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 Champlain Investment Partners LLC, Waddell & Reed Financial Inc., Thrivent Financial for Lutherans, Silvercrest Asset Management Group LLC, Aviva PLC, Wells Fargo & Company MN, BNP Paribas Arbitrage SA, and Wasatch Advisors Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Tactile Systems Technology's stock price today?

One share of TCMD stock can currently be purchased for approximately $52.84.

How big of a company is Tactile Systems Technology?

Tactile Systems Technology has a market capitalization of $1.02 billion and generates $189.49 million in revenue each year. The company earns $10.97 million in net income (profit) each year or $0.56 on an earnings per share basis. Tactile Systems Technology employs 499 workers across the globe.

What is Tactile Systems Technology's official website?

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

How can I contact Tactile Systems Technology?

Tactile Systems Technology's mailing address is 3701 Wayzata Blvd Suite 300, MINNEAPOLIS MN, 55413. The company can be reached via phone at 612-355-5100 or via email at [email protected]

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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