Canaccord Genuity Reiterates “$25.00” Price Target for Tactile Systems Technology Inc (TCMD)
Several other equities analysts have also weighed in on TCMD. Piper Jaffray Cos. began coverage on Tactile Systems Technology in a report on Monday, August 22nd. They set an overweight rating and a $17.00 price objective for the company. BTIG Research began coverage on Tactile Systems Technology in a report on Monday, August 22nd. They issued a buy rating and a $18.00 price target for the company. William Blair began coverage on Tactile Systems Technology in a report on Monday, August 22nd. They issued an outperform rating for the company. Finally, Zacks Investment Research raised Tactile Systems Technology from a hold rating to a buy rating and set a $22.00 price target for the company in a report on Tuesday, October 25th. Five investment analysts have rated the stock with a buy rating, Tactile Systems Technology presently has an average rating of Buy and a consensus target price of $20.50.
Shares of Tactile Systems Technology (NASDAQ:TCMD) opened at 17.54 on Friday. The company has a market cap of $293.72 million and a price-to-earnings ratio of 1594.55. Tactile Systems Technology has a 12 month low of $10.00 and a 12 month high of $22.29. The company’s 50-day moving average price is $18.36 and its 200-day moving average price is $16.58.
Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $22.64 million for the quarter. During the same period last year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 34.6% compared to the same quarter last year. Analysts anticipate that Tactile Systems Technology will post $0.05 EPS for the current year.
In other Tactile Systems Technology news, Director Richard Nigon acquired 18,750 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were bought at an average price of $16.87 per share, for a total transaction of $316,312.50. Following the completion of the transaction, the director now owns 8,322 shares of the company’s stock, valued at approximately $140,392.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Several large investors have recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. acquired a new stake in shares of Tactile Systems Technology during the third quarter worth about $115,000. California State Teachers Retirement System purchased a new stake in Tactile Systems Technology during the third quarter worth $165,000. KCG Holdings Inc. purchased a new stake in Tactile Systems Technology during the third quarter worth $190,000. Northern Trust Corp purchased a new stake in Tactile Systems Technology during the third quarter worth $220,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in Tactile Systems Technology during the third quarter worth $1,122,000.
About Tactile Systems Technology
Tactile Systems Technology, Inc is a medical technology company. The Company develops and provides medical devices for the treatment of chronic diseases at home. The Company focuses on advancing the standard of care in treating chronic diseases in the home setting to improve patient outcomes and quality of life and help control rising healthcare expenditures.
Receive News & Stock Ratings for Tactile Systems Technology Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology Inc and related stocks with our FREE daily email newsletter.