NASDAQ:TCMDTactile Systems Technology Stock Price, Forecast & News Adding Choose a 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. Log In and Add $48.60 -0.94 (-1.90 %) (As of 06/2/2020 04:00 PM ET) Add Compare Share Today's Range$47.91Now: $48.60▼$49.3850-Day Range$46.26MA: $49.80▼$55.2652-Week Range$29.47Now: $48.60▼$71.65Volume6,387 shsAverage Volume204,227 shsMarket Capitalization$934.58 millionP/E Ratio118.54Dividend YieldN/ABeta1.98 ProfileAnalyst RatingsAdvanced ChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.4 Analyst's Opinion Consensus RatingTactile Systems Technology has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $69.00, Tactile Systems Technology has a potential upside of 42.0% from its current price of $48.60.Amount of Analyst CoverageTactile Systems Technology has only been the subject of 4 research reports in the past 90 days. Previous Next 2.8 Community Rank Outperform VotesTactile Systems Technology has received 335 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTactile Systems Technology has received 260 “underperform” votes. (Add your “underperform” vote.)Community SentimentTactile Systems Technology has received 56.30% “outperform” votes from our community.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. 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 1.0 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 $2,935,036.00 in company stock.Percentage Held by InsidersOnly 5.30% of the stock of Tactile Systems Technology is held by insiders.Percentage Held by Institutions97.77% 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 ($0.11) to $0.39 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Tactile Systems Technology is 118.54, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.75.Price to Earnings Ratio vs. SectorThe P/E ratio of Tactile Systems Technology is 118.54, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 25.43.Price to Book Value per Share RatioTactile Systems Technology has a P/B Ratio of 8.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NASDAQ Industry Surgical & medical instruments Sub-IndustryN/A SectorMedical Current SymbolNASDAQ:TCMD Previous Symbol CUSIPN/A CIK1027838 Webwww.tactilemedical.com Phone612-355-5100Debt Debt-to-Equity RatioN/A Current Ratio4.54 Quick Ratio3.64Price-To-Earnings Trailing P/E Ratio118.54 Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$189.49 million Price / Sales4.93 Cash Flow$0.75 per share Price / Cash Flow64.92 Book Value$5.92 per share Price / Book8.21Profitability EPS (Most Recent Fiscal Year)$0.56 Net Income$10.97 million Net Margins4.19% Return on Equity7.65% Return on Assets5.72%Miscellaneous Employees499 Outstanding Shares19,230,000Market Cap$934.58 million Next Earnings Date8/3/2020 (Estimated) OptionableOptionable NASDAQ:TCMD Rates by TradingView Receive TCMD News and Ratings via Email Sign-up to receive the latest news and ratings for TCMD and its competitors with MarketBeat's FREE daily newsletter. 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 Coronavirus reached pandemic status according to the World Health Organization. Since then, TCMD shares have increased by 14.1% and is now trading at $48.60. 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) released its quarterly earnings results on Monday, May, 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.02) by $0.05. The business earned $43.68 million during the quarter, compared to analysts' expectations of $43.65 million. Tactile Systems Technology had a net margin of 4.19% and a return on equity of 7.65%. 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 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 Wall Street analysts have issued 12 month price objectives for Tactile Systems Technology's stock. Their forecasts range from $62.00 to $80.00. On average, they expect Tactile Systems Technology's stock price to reach $69.00 in the next year. This suggests a possible upside of 42.0% from the stock's current price. View analysts' price targets for Tactile Systems Technology. Has Tactile Systems Technology been receiving favorable news coverage? News headlines about TCMD stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing 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 news impact score of -1.6 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutTactile Systems Technology. Are investors shorting Tactile Systems Technology? Tactile Systems Technology saw a increase in short interest during 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 volume of 197,600 shares, the days-to-cover ratio is presently 12.4 days. Currently, 13.4% of the shares of the stock are sold short. View Tactile Systems Technology's Current Options Chain. Who are some of Tactile Systems Technology's key competitors? Some companies that are related to Tactile Systems Technology include Irhythm Technologies (IRTC), NuVasive (NUVA), Merit Medical Systems (MMSI), Inovio Pharmaceuticals (INO), Inspire Medical Systems (INSP), AtriCure (ATRC), Cantel Medical (CMD), Glaukos (GKOS), Luminex (LMNX), Shockwave Medical (SWAV), Cardiovascular Systems (CSII), Axonics Modulation Technologies (AXNX), Silk Road Medical (SILK), Atrion (ATRI) and Cerus (CERS). View all 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 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 a variety of institutional and retail investors. Top institutional investors 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 acquired 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 $48.60. How big of a company is Tactile Systems Technology? Tactile Systems Technology has a market capitalization of $934.58 million 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 6/2/2020 by MarketBeat.com Staff
