Tandem Diabetes Care (TNDM) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tandem Diabetes Care in the last year. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TNDM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TNDM, but not buy additional shares or sell existing shares.
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10 analysts have issued 12 month price targets for Tandem Diabetes Care's stock. Their TNDM share price forecasts range from $33.00 to $75.00. On average, they expect the company's share price to reach $53.14 in the next twelve months. This suggests a possible upside of 114.5% 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 stock has decreased by 44.9% and is now trading at $24.77.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Tandem Diabetes Care, Inc. (NASDAQ:TNDM) announced its earnings results on Wednesday, February, 22nd. The medical device company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The medical device company had revenue of $223.45 million for the quarter, compared to the consensus estimate of $221.99 million. Tandem Diabetes Care had a negative trailing twelve-month return on equity of 17.77% and a negative net margin of 25.64%. The company's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm 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), Invesco S&P SmallCap Health Care ETF (PSCH), Fidelity Digital Health ETF (FDHT), SPDR S&P Health Care Equipment ETF (XHE), First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Nuveen Small Cap Select ETF (NSCS), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and Syntax Stratified SmallCap ETF (SSLY).

Shares of Tandem Diabetes Care reverse split on the morning of 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 closing bell 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, May, 3rd. 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 $890.00 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.25%), FMR LLC (12.75%), Champlain Investment Partners LLC (5.07%), Brown Capital Management LLC (3.36%), State Street Corp (3.20%) and Stephens Investment Management Group LLC (1.59%). 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 $24.77.

Tandem Diabetes Care (NASDAQ:TNDM) has a market capitalization of $1.60 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 ($3.17) 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.