Tactile Systems Technology Stock Forecast, Price & News

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 (WHO). Since then, TCMD shares have increased by 18.4% and is now trading at $50.40.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tactile Systems Technology in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Tactile Systems Technology stock.
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Tactile Systems Technology is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
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Tactile Systems Technology, Inc. (NASDAQ:TCMD) announced its earnings results on Monday, November, 2nd. The company reported $0.12 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.18. The company had revenue of $49.09 million for the quarter, compared to the consensus estimate of $46.68 million. Tactile Systems Technology had a positive return on equity of 1.39% and a negative net margin of 4.55%.
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Tactile Systems Technology issued an update on its FY 2020 After-Hours earnings guidance on Monday, November, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $184.9-186.9 million, compared to the consensus revenue estimate of $184.43 million.

4 brokers have issued 1 year target prices for Tactile Systems Technology's stock. Their forecasts range from $55.00 to $70.00. On average, they anticipate Tactile Systems Technology's share price to reach $62.50 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
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Some companies that are related to Tactile Systems Technology include Glaukos (GKOS), Cantel Medical (CMD), Merit Medical Systems (MMSI), NuVasive (NUVA), AtriCure (ATRC), Pulmonx (LUNG), Axonics Modulation Technologies (AXNX), Silk Road Medical (SILK), Cardiovascular Systems (CSII), Inovio Pharmaceuticals (INO), Atrion (ATRI), Luminex (LMNX), Cerus (CERS), Alphatec (ATEC) and GenMark Diagnostics (GNMK).
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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 (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 trades on the NASDAQ under the ticker symbol "TCMD."

Tactile Systems Technology's stock is owned by many different institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%) and Diversified Trust Co (0.04%). Company insiders that own Tactile Systems Technology stock include Brent Moen, Bryan Rishe, Gerald R Mattys, Kevin H Roche, 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 State of Alaska Department of Revenue. Company insiders that have sold Tactile Systems Technology company stock in the last year include Brent Moen, Bryan Rishe, Gerald R Mattys, and Robert J Folkes.
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TCMD stock was purchased by a variety of institutional investors in the last quarter, including Diversified Trust Co.
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Shares of TCMD 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.

One share of TCMD stock can currently be purchased for approximately $50.40.

Tactile Systems Technology has a market capitalization of $979.02 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 629 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]