Tactile Systems Technology - TCMD Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TCMD shares.
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3 Wall Street research analysts have issued 1 year price targets for Tactile Systems Technology's shares. Their TCMD share price forecasts range from $18.00 to $27.00. On average, they predict the company's share price to reach $23.33 in the next twelve months. This suggests a possible upside of 42.5% from the stock's current price.
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Tactile Systems Technology's stock was trading at $11.48 at the beginning of the year. Since then, TCMD stock has increased by 42.6% and is now trading at $16.37.
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Tactile Systems Technology saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 421,400 shares, an increase of 23.0% from the February 28th total of 342,700 shares. Based on an average daily trading volume, of 212,500 shares, the short-interest ratio is currently 2.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
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Tactile Systems Technology, Inc. (NASDAQ:TCMD) posted its quarterly earnings results on Tuesday, February, 21st. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.15. The firm earned $73.90 million during the quarter, compared to analyst estimates of $70.50 million. Tactile Systems Technology had a negative net margin of 7.24% and a negative trailing twelve-month return on equity of 3.11%.

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).

Tactile Systems Technology issued an update on its FY 2023 earnings guidance on Tuesday, February, 21st. The company provided EPS 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.

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.

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).

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

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

Tactile Systems Technology's stock is owned by a variety of 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.
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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.
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One share of TCMD stock can currently be purchased for approximately $16.37.

Tactile Systems Technology (NASDAQ:TCMD) has a market capitalization of $331.49 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.

The company employs 988 workers across the globe.

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.