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

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$62.19 -1.00 (-1.58 %)
(As of 03/19/2019 01:36 AM ET)
Previous Close$63.19
Today's Range$61.54 - $64.06
52-Week Range$30.21 - $76.63
Volume260,800 shs
Average Volume274,060 shs
Market Capitalization$1.17 billion
P/E Ratio222.11
Dividend YieldN/A
Beta2.36
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 proprietary 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 basic 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. The company was founded in 1995 and is headquartered in Minneapolis, Minnesota.

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Industry, Sector and Symbol

Industry N/A
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$0.4631 per share
Book Value$4.83 per share

Profitability

Net Income$6.62 million

Miscellaneous

EmployeesN/A
Market Cap$1.17 billion
Next Earnings Date5/6/2019 (Estimated)
OptionableOptionable

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, August, 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.04 by $0.09. The company earned $34.10 million during the quarter, compared to the consensus estimate of $31.49 million. Tactile Systems Technology had a return on equity of 6.77% and a net margin of 4.61%. Tactile Systems Technology's revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. 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, May 6th 2019. View Earnings Estimates for Tactile Systems Technology.

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

Tactile Systems Technology updated its FY 2019 earnings guidance on Thursday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $173-175.5 million, compared to the consensus revenue estimate of $169.93 million.

What price target have analysts set for TCMD?

4 brokers have issued 12-month price objectives for Tactile Systems Technology's shares. Their forecasts range from $38.00 to $80.00. On average, they expect Tactile Systems Technology's stock price to reach $66.00 in the next year. This suggests a possible upside of 6.1% from the stock's current price. View Analyst Price Targets for Tactile Systems Technology.

What is the consensus analysts' recommendation for Tactile Systems Technology?

4 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 2 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. " (3/13/2019)
  • 2. 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)
  • 3. Northland Securities analysts commented, "We await further details on the quarterly call, and will adjust our ratings / PT accordingly. Key Points Here are the key things we look forward to gleaning from the quarterly call: What was the contribution from the large contracted payor signed up earlier? Were there any pull-forward" sales? Were there any bulk purchases from any segment, including the VA? How did OpEx stack up in the quarter? How does Q4 growth reconcile with implied guidance in company commentary from the Q3-18 call? We have accordingly tweaked our FY19 and FY20 numbers. For the time being, we maintain our rating & PT. Once we have a better understanding of the stability of Q4 growth drivers, we will accordingly make changes." (1/11/2019)

Has Tactile Systems Technology been receiving favorable news coverage?

News articles about TCMD stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Tactile Systems Technology earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

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 CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), BJ's Restaurants (BJRI), Sangamo Therapeutics (SGMO), Accenture (ACN), Micron Technology (MU) and NanoString Technologies (NSTG).

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. Robert J. Folkes, Chief Operating Officer (Age 56)
  • Ms. Lynn L. Blake, Advisor (Age 52)
  • Mr. Brent A. Moen, Chief Financial Officer (Age 52)
  • Ms. Sunday J. Hoy Esq., Compliance Officer

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.

Who are Tactile Systems Technology's major shareholders?

Tactile Systems Technology's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.32%), Peregrine Capital Management LLC (2.91%), Ranger Investment Management L.P. (2.25%), Thrivent Financial for Lutherans (1.90%), Fort Washington Investment Advisors Inc. OH (1.78%) and Bank of New York Mellon Corp (1.42%). 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, Mary E Anderson, Radius Venture Partners Iii, L, Robert J Folkes and William W Burke. View Institutional Ownership Trends for Tactile Systems Technology.

Which major investors are selling Tactile Systems Technology stock?

TCMD stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Timpani Capital Management LLC, Millennium Management LLC, Chicago Equity Partners LLC, Bank of New York Mellon Corp, Carlson Capital Management, Scholtz & Company LLC and Columbus Circle Investors. 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 major investors are buying Tactile Systems Technology stock?

TCMD stock was acquired by a variety of institutional investors in the last quarter, including Ranger Investment Management L.P., SG Americas Securities LLC, Fort Washington Investment Advisors Inc. OH, BlackRock Inc., Castleark Management LLC, Squarepoint Ops LLC, Bank of America Corp DE and New York State Common Retirement Fund. 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 $62.19.

How big of a company is Tactile Systems Technology?

Tactile Systems Technology has a market capitalization of $1.17 billion and generates $143.75 million in revenue each year. The company earns $6.62 million in net income (profit) each year or $0.28 on an earnings per share basis.

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:  3.0 out of 5 (star star star)
Outperform Votes:  237 (Vote Outperform)
Underperform Votes:  160 (Vote Underperform)
Total Votes:  397
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 3/19/2019 by MarketBeat.com Staff

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