NASDAQ:TCMDTactile Systems Technology Stock Price, Forecast & News

Tactile Systems Technology's stock was trading at $42.58 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TCMD shares have increased by 14.1% and is now trading at $48.59. View which stocks have been most impacted by Coronavirus.

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.

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.

Tactile Systems Technology Inc (NASDAQ:TCMD) posted its quarterly earnings data on Monday, May, 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.02) by $0.05. The business earned $43.68 million during the quarter, compared to analyst estimates 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.

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.

6 brokers have issued 1-year 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 twelve months. This suggests a possible upside of 42.0% from the stock's current price. View analysts' price targets for Tactile Systems Technology.

Headlines about TCMD stock have trended somewhat positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Tactile Systems Technology earned a news sentiment score of 1.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutTactile 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 trading volume, of 197,600 shares, the short-interest ratio is currently 12.4 days. Approximately 13.4% of the company's stock are sold short. View Tactile Systems Technology's Current Options Chain.

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.

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).

(TCMD) raised $40 million in an IPO on Thursday, July 28th 2016. The company issued 4,000,000 shares at $10.00 per share. Piper Jaffray, William Blair and Canaccord Genuity acted 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 number of institutional and retail 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.

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.

TCMD stock was bought 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.

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 $48.59.

Tactile Systems Technology has a market capitalization of $934.53 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.

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

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]