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

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

Tactile Systems Technology Inc (NASDAQ:TCMD) posted its earnings results on Monday, November, 4th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The firm had revenue of $49.60 million for the quarter, compared to analysts' expectations of $45.47 million. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 9.41%. The company's revenue was up 36.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. View Tactile Systems Technology's Earnings History.

Tactile Systems Technology is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Tactile Systems Technology.

Tactile Systems Technology updated its FY 2019 Pre-Market earnings guidance on Monday, January, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $188.4-188.8 million, compared to the consensus revenue estimate of $187.21 million.

7 analysts have issued 12-month price targets for Tactile Systems Technology's shares. Their forecasts range from $50.00 to $100.00. On average, they expect Tactile Systems Technology's share price to reach $75.33 in the next year. This suggests a possible upside of 30.2% from the stock's current price. View Analyst Price Targets for Tactile Systems Technology.

7 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tactile Systems Technology.

Headlines about TCMD stock have trended very negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Tactile Systems Technology earned a news impact score of -3.3 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the immediate future. View News Stories for Tactile Systems Technology.

Some companies that are related to Tactile Systems Technology include Nevro (NVRO), Tandem Diabetes Care (TNDM), NuVasive (NUVA), ICU Medical (ICUI), Cantel Medical (CMD), Irhythm Technologies (IRTC), Glaukos (GKOS), Merit Medical Systems (MMSI), Inspire Medical Systems (INSP), Cardiovascular Systems (CSII), AtriCure (ATRC), Atrion (ATRI), Silk Road Medical (SILK), Shockwave Medical (SWAV) and Cryolife (CRY).

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), Endologix (ELGX), Chipotle Mexican Grill (CMG), Stag Industrial (STAG), BJ's Restaurants (BJRI) and Exxon Mobil (XOM).

(TCMD) raised $40 million in an initial public offering (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.

Tactile Systems Technology's stock is owned by many different of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (2.19%), Calamos Advisors LLC (0.32%), California Public Employees Retirement System (0.22%), New York State Teachers Retirement System (0.12%), Carlson Capital Management (0.11%) and State of Alaska Department of Revenue (0.08%). Company insiders that own Tactile Systems Technology stock include Brent Moen, Bryan Rishe, Gerald R Mattys, Jordan Davis, 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.

TCMD stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Calamos Advisors LLC, Carlson Capital Management, Arizona State Retirement System, Louisiana State Employees Retirement System, Wakefield Asset Management LLLP and State of Alaska Department of Revenue. Company insiders that have sold Tactile Systems Technology company stock in the last year include Bryan Rishe, Gerald R Mattys, Kevin H Roche, Richard Nigon, Robert J Folkes and William W Burke. View Insider Buying and Selling for Tactile Systems Technology.

TCMD stock was bought by a variety of institutional investors in the last quarter, including Accredited Investors Inc., SG Americas Securities LLC, California Public Employees Retirement System, Allen Capital Group LLC, Miles Capital Inc., Pennsylvania Capital Management Inc. ADV, Exchange Traded Concepts LLC and New York State Teachers Retirement System. View Insider Buying and Selling for 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.

One share of TCMD stock can currently be purchased for approximately $57.85.

Tactile Systems Technology has a market capitalization of $1.10 billion and generates $143.75 million in revenue each year. The company earns $6.62 million in net income (profit) each year or $0.34 on an earnings per share basis. Tactile Systems Technology employs 499 workers across the globe.View Additional Information About Tactile Systems Technology.

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

Tactile Systems Technology's mailing address is 3701 Wayzata Blvd Suite 300, MINNEAPOLIS MN, 55416. The company can be reached via phone at 612-355-5100 or via email at [email protected]