Tandem Diabetes Care - TNDM Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tandem Diabetes Care in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TNDM shares.
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10 analysts have issued twelve-month target prices for Tandem Diabetes Care's shares. Their TNDM share price forecasts range from $40.00 to $130.00. On average, they predict the company's stock price to reach $61.77 in the next twelve months. This suggests a possible upside of 52.1% from the stock's current price.
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Tandem Diabetes Care's stock was trading at $44.95 at the beginning of 2023. Since then, TNDM shares have decreased by 9.7% and is now trading at $40.61.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Tandem Diabetes Care, Inc. (NASDAQ:TNDM) released its quarterly earnings data on Wednesday, February, 22nd. The medical device company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The medical device company earned $223.45 million during the quarter, compared to analysts' expectations of $221.99 million. Tandem Diabetes Care had a negative net margin of 11.81% and a negative trailing twelve-month return on equity of 10.88%. The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.16 earnings per share.

ETFs with the largest weight of Tandem Diabetes Care (NASDAQ:TNDM) stock in their portfolio include Global X Telemedicine & Digital Health ETF (EDOC), Fidelity Digital Health ETF (FDHT), SPDR S&P Health Care Equipment ETF (XHE), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), AI Powered Equity ETF (AIEQ), Nuveen Small Cap Select ETF (NSCS) and BlackRock Future Health ETF (BMED).

Shares of Tandem Diabetes Care reverse split on Tuesday, October 10th 2017. The 1-10 reverse split was announced on Monday, October 9th 2017. The number of shares owned by shareholders was adjusted after the market closes on Monday, October 9th 2017. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

Tandem Diabetes Care updated its FY 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $885.00 million-$900.00 million, compared to the consensus revenue estimate of $891.55 million.

11 employees have rated Tandem Diabetes Care Chief Executive Officer John Sheridan on Glassdoor.com. John Sheridan has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tandem Diabetes Care investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Alibaba Group (BABA), Micron Technology (MU), DexCom (DXCM), Netflix (NFLX), Block (SQ), Roku (ROKU), Lululemon Athletica (LULU) and PayPal (PYPL).

Tandem Diabetes Care trades on the NASDAQ under the ticker symbol "TNDM."

Tandem Diabetes Care's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Eminence Capital LP (4.33%), Stephens Investment Management Group LLC (1.53%), Two Sigma Advisers LP (1.49%), Geode Capital Management LLC (1.42%), Marshall Wace LLP (1.37%) and Two Sigma Investments LP (1.37%). Insiders that own company stock include Brian B Hansen, Brian B Hansen, Christopher J Twomey, Christopher J Twomey, David B Berger, Dick Allen, Elizabeth Anne Gasser, James Leal, John F Sheridan, Kathleen Mcgroddy-Goetz, Kim D Blickenstaff, Leigh Vosseller, Mark Reinstra, Rebecca B Robertson, Rebecca B Robertson and Susan Morrison.
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Shares of TNDM stock 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.
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One share of TNDM stock can currently be purchased for approximately $40.61.

Tandem Diabetes Care (NASDAQ:TNDM) has a market capitalization of $2.62 billion and generates $801.22 million in revenue each year. The medical device company earns $-94,590,000.00 in net income (profit) each year or ($1.48) on an earnings per share basis.

The company employs 2,600 workers across the globe.

Tandem Diabetes Care's mailing address is 11075 ROSELLE STREET, San Diego CA, 92121. The official website for the company is www.tandemdiabetes.com. The medical device company can be reached via phone at (858) 366-6900 or via email at smorrison@tandemdiabetes.com.